press releases
New York, New York, August 7, 2017: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter ended June 30, 2017.
Second Quarter 2017 Compared to Second Quarter 2016:
Net sales were $129.1 million, up 10.2% from $117.2 million; at comparable foreign currency exchange rates, net sales increased 11.3%;
Net sales by European based operations rose 20.5% to $106.7 million from $88.6 million;
Net sales by U.S. based operations were $22.4 million compared to $28.6 million;
Gross margin was 65.0% compared to 63.6%;
S,G&A expenses as a percentage of net sales were 53.8% compared to 53.7%;
Operating income increased 26.3% to $14.5 million from $11.5 million;
Operating margin rose to 11.2% compared to 9.8%; and
Net income attributable to Inter Parfums, Inc. increased 15.7% to $6.7 million or $0.22 per diluted share from $5.8 million or $0.19 per diluted share.
New York, New York, July 31, 2017: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that Veronique Gabai-Pinsky, President of the Vera Wang Group since the Fall of 2015, has been nominated by the Board of Directors to be added as a member of its Board. The election of directors will be voted upon by the Inter Parfums shareholders at the annual meeting on September 12, 2017. Ms. Gabai-Pinsky will fill the independent Board vacancy resulting from the coming retirement of Jean Levy immediately after the meeting, after more than 20 years of distinguished service to Inter Parfums. The Board is comprised of nine directors, five of whom are independent. Upon her election, Ms. Gabai-Pinsky will become a member of the Board’s Audit Committee, Nominating Committee and Executive Compensation and Stock Option Committee.
New York, New York – July 28, 2017: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the second quarter ended June 30, 2017 on Monday, August 7, 2017 after the close of the stock market.
INTER PARFUMS, INC.
REPORTS 10.2% INCREASE IN 2017 SECOND QUARTER NET SALES,
INCREASES 2017 GUIDANCE
New York, New York, July 26, 2017: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended June 30, 2017, net sales increased 10.2% to $129.1 million as compared to $117.2 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated second quarter net sales increased 11.3%. Inter Parfums plans to issue results for the 2017 second quarter on or about August 7, 2017.
INTER PARFUMS, INC. REPORTS 2017 FIRST QUARTER RESULTS
New York, New York, May 9, 2017: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2017.
First Quarter 2017 Compared to First Quarter 2016:
Net sales were $143.1 million, up 28.3% from $111.5 million; at comparable foreign currency exchange rates, net sales increased 30.6%;
Sales by European based operations rose 29.9% to $119.7 million from $92.1 million;
Sales by U.S. based operations increased 20.4% to $23.4 million compared to $19.4 million;
Gross margin was 63.0% of net sales compared to 63.9%;
S,G&A expense as a percentage of net sales was 44.7% compared to 48.3%
Operating income was $26.2 million, up 49.3% compared to $17.5 million;
Operating margin was 18.3% compared to 15.7%; and,
Net income attributable to Inter Parfums, Inc. was $13.4 million or $0.43 per diluted share compared to $7.3 million or $0.24 per diluted share.
New York, New York – May 1, 2017: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the first quarter ended March 31, 2017 on Tuesday, May 9, 2017 after the close of the stock market.
INTER PARFUMS, INC. REPORTS 28.3% INCREASE IN 2017 FIRST QUARTER SALES Affirms 2017 Guidance
New York, New York, April 27, 2017: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported that for the three months ended March 31, 2017, net sales increased 28.3% to $143.1 million from $111.5 million in the first quarter of 2016. At comparable foreign currency exchange rates, consolidated first quarter net sales increased 30.6% as compared to the prior year period. Inter Parfums plans to issue results for the 2017 first quarter on or about May 9, 2017.
INTER PARFUMS, INC. REPORTS 2016 FOURTH QUARTER AND FULL YEAR RESULTS Affirms 2017 Guidance
New York, New York, March 13, 2017: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter ended December 31, 2016.
Fourth Quarter 2016 Compared to Fourth Quarter 2015:
Net sales were $134.8 million, up 13.9% from $118.3 million; at comparable foreign currency exchange rates, net sales increased 15.3%;
Sales by European based operations rose 12.8% to $99.9 million from $88.6 million; at comparable foreign currency exchange rates, net sales increased 14.6%;
U.S. based operations generated net sales of $34.9 million, up 17.3% from $29.7 million;
Gross margin was 63.7% of net sales compared to 64.0%;
S,G&A expense as a percentage of net sales was 59.0% compared to 60.4%;
Operating income rose 26.5% to $5.4 million from $4.3 million;
Net income attributable to Inter Parfums, Inc. rose 111.2% to $3.9 million compared to $1.9 million; and,
Net income attributable to Inter Parfums, Inc. per diluted share rose 116.7% to $0.13 from $0.06.
New York, New York, January 30, 2017: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended December 31, 2016, net sales were $134.8 million, up 13.9% from $118.3 million for the final quarter of 2015. At comparable foreign currency exchange rates, consolidated fourth quarter net sales increased 15.3%. For the full year, net sales rose 11.2% to $521.1 million from $468.5 million in 2015. At comparable foreign currency exchange rates, consolidated 2016 net sales increased 12.1%. Inter Parfums plans to issue results for the 2016 fourth quarter and full year on or about March 13, 2017.
INTER PARFUMS, INC. PROVIDES INITIAL 2017 GUIDANCE
New York, New York, November 14, 2016: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced initial 2017 guidance, which calls for net sales in the range of $550 million to $560 million, resulting in net income attributable to Inter Parfums, Inc. in the range of $1.20 to $1.24 per diluted share. Guidance assumes the dollar remains at current levels.
New York, New York, November 8, 2016: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the third quarter ended September 30, 2016.
Third Quarter 2016 Compared to Third Quarter 2015:
Net sales were $157.6 million, up 13.4% from $138.9 million; at comparable foreign currency exchange rates, net sales increased 14.8%;
Sales by European based operations rose 12.0% to $123.4 million from $110.1 million; at comparable foreign currency exchange rates, net sales increased 13.7%;
U.S. based operations generated net sales of $34.2 million, up 19.0% from $28.8 million;
Gross margin was 60.2% of net sales compared to 61.8%;
S,G&A expense as a percentage of net sales was 39.7% compared to 41.9%;
Operating income rose 16.9% to $32.3 million from $27.6 million;
Net income attributable to Inter Parfums, Inc. rose 14.2% to $16.2 million compared to $14.2 million; and,
Net income attributable to Inter Parfums, Inc. per diluted share rose 13.0% to $0.52 from $0.46.
New York, New York, August 9, 2016: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter ended June 30, 2016.
Second Quarter 2016 Compared to Second Quarter 2015:
Net sales were $117.2 million, up 14.8% from $102.0 million; at comparable foreign currency exchange rates, net sales increased 14.2%;
Net sales by European based operations rose 14.8% to $88.6 million compared to $77.1 million and net sales by U.S. based operations increased 14.8% to $28.6 million compared to $24.9 million;
Gross margin was 63.5% of net sales compared to 59.1%;
S,G&A expenses as a percentage of net sales was 53.7% compared to 51.1%;
Operating income increased 39.0% to $11.5 million from $8.2 million;
Operating margin rose to 9.8% compared to 8.1%; and,
Net income attributable to Inter Parfums, Inc. increased 34.0% to $5.8 million or $0.19 per diluted share compared to $4.4 million or $0.14 per diluted share.
INTER PARFUMS, INC. REPORTS 2016 FIRST QUARTER RESULTS
New York, New York, May 10, 2016: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2016.
First Quarter 2016 Compared to First Quarter 2015:
Net sales were $111.5 million, up 2% from $109.2 million; at comparable foreign currency exchange rates, net sales increased 3%;
Sales by European based operations rose 5% to $92.1 million compared to $86.7 million;
Sales by U.S. based operations declined 14% to $19.4 million compared to $22.5 million;
Gross margin was 63.9% of net sales compared to 61.9%;
S,G&A expense as a percentage of net sales was 48.3% compared to 42.6%;
Operating income was $17.5 million compared to $21.1 million;
Operating margin was 15.7% compared to 19.3%;
Net income attributable to Inter Parfums, Inc. was $7.3 million or $0.24 per diluted share compared to $10.0 million or $0.32 per diluted share; and,
First quarter 2016 results include the effects of a pending settlement of a tax assessment with the French Tax Authorities in the amount of $1.9 million. Excluding the effect of the pending settlement, net income attributable to Inter Parfums, Inc. would have been $8.7 million or $0.28 per diluted share compared to $10.0 million or $0.32 per diluted share. A reconciliation of net income attributable to Inter Parfums, Inc. to adjusted net income attributable to Inter Parfums, Inc. appears on page 6 of this news release.
INTER PARFUMS AND MONTBLANC EXTEND LICENSE AGREEMENT
New York, NY, October 2, 2015: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its majority owned Paris-based subsidiary, InterparfumsSA, has extended its license agreement with Montblanc by five years. The original agreement, signed in 2010, provided InterparfumsSA with the exclusive worldwide license to create, produce and distribute perfumes and ancillary products under the Montblanc brand through December 31, 2020. The new 10-year agreement, which goes into effect on January 1, 2016, extends the partnership through December 31, 2025 without any material changes in operating conditions from the prior license.
INTER PARFUMS, INC. ANNOUNCES THE CLOSING OF ITS ROCHAS BRAND ACQUISITION
New York, New York – June 1, 2015: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its majority owned Paris-based subsidiary, Interparfums SA closed on its Rochas brand acquisition effective May 29, 2015, in accordance with the terms of the agreement with Procter & Gamble Co. dated March 19, 2015.