press releases
INTER PARFUMS, INC. DECLARES SPECIAL CASH DIVIDEND OF $0.48 PER SHARE
New York, New York, November 18, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its Board of Directors has declared a special cash dividend of $0.48 per share, payable in one lump sum on December 16, 2013 to shareholders of record on December 2, 2013. This special dividend is in addition to the Company’s regular quarterly cash dividend of $0.12 per share, which will be paid on January 15, 2014 to shareholders of record on December 31, 2013.
INTER PARFUMS, INC. REPORTS 2013 THIRD QUARTER RESULTS Raises 2013 and 2014 Guidance
New York, New York, November 6, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the third quarter ended September 30, 2013.
Third Quarter 2013 Compared to Third Quarter 2012:
Net sales of ongoing brands (excluding Burberry brand sales) increased 45.0% to $126.8 million from $87.2 million;
Net sales including Burberry brand sales were down 23.8% to $126.8 million, compared to $166.3 million; at comparable foreign currency exchange rates, net sales declined 23.9%;
European-based operations generated sales of ongoing brands of $98.1 million, up 41.2% from $69.5 million; including Burberry brand sales, European-based sales were down 34.0%;
Sales by U.S.-based operations were $28.7 million, up 62.3% from $17.7 million;
Gross margin was 55.2% of net sales compared to 60.8%;
S, G & A expense as a percentage of net sales was 43.7% compared to 47.5%;
Operating margin was 11.6% of net sales compared to 13.3% of net sales;
Net income attributable to Inter Parfums, Inc. was $7.9 million compared to $10.0 million; and,
Diluted earnings per share attributable to Inter Parfums, Inc. were $0.25 compared to $0.33.
New York, New York – October 29, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the third quarter ended September 30, 2013 on Wednesday, November 6, 2013 after the close of the stock market.
INTER PARFUMS, INC. REPORTS 45% INCREASE IN THIRD QUARTER SALES FROM ONGOING BRANDS
New York, New York, October 24, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended September 30, 2013, net sales of the Company’s ongoing brands (excluding Burberry brand sales) increased 45% to $126.8 million, as compared to $87.0 million for the corresponding period of the prior year, with strong growth in both its European and U.S.-based operations. Consolidated third quarter 2013 net sales declined 24% when Burberry sales are included in the prior year period. At comparable foreign currency exchange rates, consolidated net sales also declined 24%. Inter Parfums plans to issue results for the third quarter of 2013 on or about November 6, 2013.
New York, NY, October 18, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its wholly-owned subsidiary Inter Parfums USA, LLC entered into an agreement to acquire certain assets of the fragrance division of Oscar de la Renta, LLC, the internationally renowned fashion house. Terms were not disclosed. Simultaneously, the firms entered into a worldwide and exclusive licensing agreement to create, produce and distribute perfumes and cosmetics under the Oscar de la Renta brand. Financo LLC acted as the financial advisor to Inter Parfums, USA, LLC in connection with this transaction
INTER PARFUMS, INC. AGAIN RAISES ITS 2013 GUIDANCE AND PROVIDES PRELIMINARY GUIDANCE FOR 2014
New York, New York, September 12, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that once again it is raising 2013 guidance and is now looking for net sales to come in at approximately $540 million resulting in net income attributable to Inter Parfums, Inc. of approximately $1.18 per diluted share. The Company also announced preliminary 2014 guidance which calls for net sales of approximately $475 million, representing a nearly 16% increase compared to anticipated sales of ongoing brands (excluding Burberry) in 2013. The Company’s preliminary guidance for 2014 net income attributable to Inter Parfums, Inc. is approximately $0.90 to $0.95 per diluted share. Guidance assumes the dollar remains at current levels.
INTER PARFUMS, INC. REPORTS 2013 SECOND QUARTER RESULTS
New York, New York, August 7, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter ended June 30, 2013.
Second Quarter 2013 Compared to Second Quarter 2012:
Net sales of ongoing brands (excluding Burberry brand sales) increased 17% to $96.8 million from $82.7 million;
Net sales including Burberry brand sales were down 19.3% to $117.5 million, compared to $145.6 million; at comparable foreign currency exchange rates, net sales declined 20.6%;
European-based operations generated sales of ongoing brands of $72.0 million, up 15.0% from $62.8 million; including Burberry brand sales, European-based sales were down 26.2%;
Sales by U.S.-based operations were $24.8 million, up 24.4% from $20.0 million;
Gross margin was 54.1% of net sales compared to 60.8%;
S, G & A expense as a percentage of net sales was 47.4% compared to 52.1%;
Operating margin was 6.7% of net sales compared to 8.7% of net sales;
Net income attributable to Inter Parfums, Inc. was $3.8 million compared to $6.0 million; and,
Basic and diluted earnings per share attributable to Inter Parfums, Inc. were $0.12 compared to $0.20.
New York, New York – August 1, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the second quarter ended June 30, 2013 on Wednesday, August 7, 2013 after the close of the stock market.
INTER PARFUMS USA SIGNS AN EXCLUSIVE LICENSE AGREEMENT FOR AGENT PROVOCATEUR FRAGRANCES
New York, NY, July 29, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it has entered into a 10.5-year exclusive worldwide license to create, produce and distribute perfumes and related products under London-based luxury lingerie brand, Agent Provocateur. The agreement commences on August 1, 2013 and runs through December 31, 2023. Financo LLC acted as the financial advisor to Inter Parfums USA in connection with this transaction.
INTER PARFUMS, INC. REPORTS SECOND QUARTER SALES AND INCREASES 2013 GUIDANCE
New York, New York, July 23, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that, for the three months ended June 30, 2013, net sales of the Company’s ongoing brands (excluding Burberry brand sales) increased 17% to $96.8 million, as compared to $82.7 million for the corresponding period of the prior year, with strong growth in both its European and U.S.-based operations. Burberry brand sales amounted to $20.6 million for the second quarter of 2013 and represented the sale of inventory to Burberry and some authorized sell-off of remaining Burberry finished goods generating minimal margins. When the contribution of Burberry sales is included, consolidated sales for the 2013 second quarter were $117.5 million, down 19.3% compared to $145.6 million in the 2012 second quarter. At comparable foreign currency exchange rates, net sales for the second quarter were down 20.6%. Inter Parfums plans to issue results for the second quarter of 2013 on or about August 7, 2013.
New York, NY, July 15, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its newly created Hong Kong subsidiary, Inter Parfums USA Hong Kong Limited, has entered into a 12-year exclusive worldwide license to create, produce and distribute perfumes and related products under China’s leading luxury brand, Shanghai Tang. The agreement commenced on July 1, 2013. The Company plans to launch its first fragrance under the Shanghai Tang brand in Spring 2014.
New York, New York, May 8, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2013.
First Quarter 2013 Compared to First Quarter 2012 2011:
Net sales increased 29.3% to $213.8 million from $165.4 million; at comparable foreign currency exchange rates, net sales increased 29.4%;
European-based operations generated sales of $195.1 million, up 34.4% from $145.2 million;
Sales by U.S.-based operations were $18.7 million, down 7.6% from $20.2 million;
Gross margin was 63.0% of net sales compared to 64.5%;
S, G & A expense as a percentage of net sales was 31.7% compared to 45.3%;
Operating margin was 31.3% of net sales compared to 19.2% of net sales;
Net income attributable to Inter Parfums, Inc. increased 105% to $31.7 million compared to $15.5 million; and,
Basic and diluted earnings per share rose 102% to $1.03 compared to $0.51.
New York, New York – April 29, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the first quarter ended March 31, 2013 on Wednesday, May 8, 2013 after the close of the stock market.
INTER PARFUMS, INC. REPORTS STRONG GROWTH IN FIRST QUARTER SALES AND INCREASES 2013 GUIDANCE
New York, New York, April 22, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the three months ended March 31, 2013 were $213.8 million, up more than 29.3% compared to $165.4 million in the same period last year. At comparable foreign currency exchange rates, net sales for the first quarter were up 29.4%. Inter Parfums plans to issue results for the first quarter of 2013 on or about May 8, 2013.
New York, New York, March 12, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and year ended December 31, 2012.
Fourth Quarter 2012 Compared to Fourth Quarter 2011:
Net sales decreased 6.4% to $176.9 million from $189.1 million; at comparable foreign currency exchange rates, net sales declined 7.7%;
European-based operations generated sales of $152.4 million, down 10.1% from $169.6 million;
Sales by U.S.-based operations were $24.5 million, up 25.9% from $19.5 million;
Gross margin was 63.0% of net sales compared to 61.1%;
S, G & A expense as a percentage of sales was 54.6% compared to 55.9%;
Gain on termination of the Burberry license was $198.8 million and as a result, operating margin was 119.4% of net sales; after taxes using a 36.1% tax rate and after allocation to the noncontrolling interest (26.77%), the gain attributable to Inter Parfums, Inc. common shareholders aggregated $93.0 million. As a result, net income attributable to Inter Parfums, Inc. was $99.6 million and diluted earnings per share were $3.24.
New York, New York – March 1, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the fourth quarter ended December 31, 2012 on Tuesday, March 12, 2013 after the close of the stock market.
INTER PARFUMS, INC. REPORTS RECORD SALES IN 2012 Raises Guidance for 2013
New York, New York, January 29, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that 2012 net sales rose 6.3% to a record $654.1 million, ahead of previous guidance of $632.0 million due to better than expected fourth quarter sales. At comparable foreign currency exchange rates, 2012 net sales increased 9.4%. Net sales for the fourth quarter of 2012 were approximately $176.9 million, a 6.4% decrease from $189.1 million in the fourth quarter of 2011, a period of unprecedented product launches. At comparable foreign currency exchange rates, fourth quarter net sales declined 7.7%. Inter Parfums plans to issue its results for the fourth quarter and year ended December 31, 2012 on March 12, 2013.
INTER PARFUMS SIGNS AN EXCLUSIVE LICENSE AGREEMENT FOR ALFRED DUNHILL FRAGRANCES
New York, NY, December 26, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it has entered into a ten-year exclusive worldwide fragrance license to create, produce and distribute perfumes and fragrance-related products under the Alfred Dunhill Limited ("dunhill") brand.
INTER PARFUMS, INC. PROVIDES INITIAL GUIDANCE FOR 2013
New York, New York, November 20, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced its initial guidance for 2013, which calls for net sales of approximately $460.0 million and net income attributable to Inter Parfums, Inc. of approximately $26.4 million, or $0.86 per diluted share. Guidance assumes the dollar remains at current levels.
INTER PARFUMS, INC. REPORTS THIRD QUARTER RESULTS
New York, New York, November 7, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the third quarter ended September 30, 2012.
Net sales decreased 3.2% to $166.3 million from $171.7 million; at comparable foreign currency exchange rates, net sales rose 2.0%;
European-based operations generated sales of $148.6 million, down 4% from $154.7 million;
Sales by U.S.-based operations were $17.7 million, up 4% from $17.0 million;
Gross margin was 60.8% compared to 62.5%;
S, G & A expense as a percentage of sales was 47.5% compared to 50.0%;
Operating margin was 13.3% of net sales compared to 12.6% of net sales;
Net income attributable to Inter Parfums, Inc. was $10.0 million compared to $10.4 million; and,
Basic and diluted earnings per share were $0.33 compared to $0.34.
New York, New York – November 1, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the third quarter ended September 30, 2012 on Wednesday, November 7, 2012 after the close of the stock market.
KARL LAGERFELDBV AND INTER PARFUMS SIGN A NEW EXCLUSIVE FRAGRANCE LICENSE AGREEMENT
New York, NY, October 25, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that Karl Lagerfeld BV, the internationally renowned haute couture fashion house, and InterparfumsSA, its majority-owned subsidiary and the creator of prestige perfumes and cosmetics, have signed a worldwide and exclusive license agreement to create, produce and distribute perfumes under the Karl Lagerfeld brand. This 20-year agreement starting today replaces a previous license between the Karl Lagerfeld and Coty companies which was terminated by mutual consent.
INTER PARFUMS, INC. REPORTS THIRD QUARTER SALES
New York, New York, October 23, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the third quarter of 2012 were approximately $166.3 million, a 3% decline from $171.7 million in the third quarter of 2011. At comparable foreign currency exchange rates, third quarter net sales were up approximately 2%. For the three months ended September 30, 2012 the average dollar/euro exchange rate was 1.25 as compared to 1.41 for the corresponding period of the prior year. Inter Parfums plans to issue its results for the third quarter of 2012 on or about November 7, 2012.
INTERPARFUMSSA AND BURBERRY ANNOUNCE TRANSITION AGREEMENT
New York, New York, October 11, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that with regard to the future transfer of the Burberry fragrance and beauty business, its subsidiary, InterparfumsSA and Burberry have signed a transition agreement in order to facilitate a smooth transition, which includes an additional three month period ending on March 31, 2013 and confirms the exit payment by December 31, 2012. Under the terms of this agreement, InterparfumsSA will continue operating the business for this brand until March 31, 2013, at which time the business will be turned over to Burberry.
INTER PARFUMS, INC. REPORTS RECORD SECOND QUARTER RESULTS 2012 SECOND QUARTER EPS UP 25%
New York, New York, August 8, 2012 Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported record results for the second quarter ended June 30, 2012.
Net sales increased 20% to $145.6 million from $121.1 million; at comparable foreign currency exchange rates, net sales rose 29% for the period;
European-based operations generated sales of $125.6 million, up 18% from $106.5 million;
Sales by U.S.-based operations were $20.0 million, up 37% from $14.6 million;
Gross margin was 60.8% compared to 61.6%;
S, G & A expense as a percentage of sales was 52.1% compared to 52.6%;
Operating margins were 8.7% of net sales compared to 9% of net sales;
Net income attributable to Inter Parfums, Inc. rose 20% to $6.0 million compared to $5.0 million; and,
Basic and diluted earnings per share were $0.20 or 25% ahead of 2011’s $0.16.
New York, New York – August 1, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the second quarter ended June 30, 2012 on Wednesday, August 8, 2012 after the close of the stock market.
New York, New York, July 26, 2012: Inter Parfums, Inc. (the "Company") (NASDAQ GS: IPAR) today announced that following several months of discussions, its subsidiary, InterparfumsSA and Burberry have been unable to agree on final terms on a new operating model for the fragrance and beauty business. As such, on December 31, 2012, Burberry will buy out the license rights for €181 million ($220 million at current exchange rates exclusive of receivables, inventories and other tangible assets).
INTER PARFUMS, INC. REPORTS RECORD SECOND QUARTER SALES RAISES 2012 GUIDANCE
New York, New York, July 24, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the second quarter of 2012 were approximately $145.6 million, a 20% increase from $121.1 million in the second quarter of 2011. At comparable foreign currency exchange rates, second quarter net sales were up approximately 29%. Inter Parfums plans to issue its results for the second quarter of 2012 on or about August 8, 2012.
New York, New York, July 17, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that since December 2011, Burberry, the global luxury group and our subsidiary, InterparfumsSA, the prestige fragrance company and exclusive worldwide licensee for Burberry fragrance and beauty products, have been engaged in discussions on the creation of a new operating model for the business. Although an agreement has been reached on certain main terms and conditions, important points remain to be finalized.
New York, New York, May 23, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it won a Best Fragrance award for Anthropologie 1922 Lily Sanguine Eau de Parfum in the Specialty Brand Women’s category at the 40th Annual FiFi Awards held on Monday, May 21, 2012. The FiFis, dubbed the “Oscars” of the fragrance industry, was hosted by actress Jane Lynch, star of the TV hit Glee at Alice Tully Hall in New York City’s Lincoln Center.
INTER PARFUMS, INC. REPORTS RECORD 2012 FIRST QUARTER RESULTS DILUTED EPS UP 24% TO $0.51
New York, New York, May 9, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported record results for the first quarter ended March 31, 2012.
First Quarter 2012 Compared to First Quarter 2011:
Net sales increased 24% to $165.4 million from $133.4 million; at comparable foreign currency exchange rates, net sales rose 26% for the period;
European-based operations generated sales of $145.2 million, up 19% from $121.6 million;
Sales by U.S.-based operations were up 71% to $20.2 million from $11.8 million;
Gross margin was 64.5% compared to 64.9%;
S, G & A expense as a percentage of sales was 45.3% compared to 45.8%;
Operating margins were 19.2% for both periods;
Net income attributable to Inter Parfums, Inc. increased 21.5% to $15.5 million as compared to $12.8 million; and,
Diluted earnings per share increased 24% to $0.51 from $0.41.
New York, New York – May 1, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the first quarter ended March 31, 2012 on Wednesday, May 9, 2012 after the close of the stock market.
INTER PARFUMS, INC. REPORTS RECORD 2012 FIRST QUARTER SALES WITH 24% COMPARABLE QUARTER INCREASE
New York, New York, April 27, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the three months ended March 31, 2012 set a first quarter record of approximately $165.4 million, a 24% increase from $133.4 million in the first quarter of 2011. At comparable foreign currency exchange rates, net sales for the first quarter were up 26%. Inter Parfums plans to issue its results for the first quarter of 2012 on or about May 9, 2012.
INTER PARFUMS, INC. REPORTS 2011 FOURTH QUARTER AND RECORD FULL YEAR RESULTS
New York, New York – March 12, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and year ended December 31, 2011. Net sales rose to $189.1 million, a 68% increase from $112.5 million; at comparable foreign currency exchange rates, net sales rose 61% for the period;
New York, New York – March 5, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the fourth quarter and year ended December 31, 2011 on Monday, March 12, 2012 after the close of the stock market.
INTER PARFUMS, INC. REPORTS 68% INCREASE IN FOURTH QUARTER SALES
New York, New York, January 25, 2012: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the fourth quarter of 2011 were approximately $189.1 million, a 68% increase from $112.5 million in the fourth quarter of 2010. At comparable foreign currency exchange rates, fourth quarter net sales were up 61%. Thus 2011 net sales rose 34% to $615.2 million, exceeding management’s guidance of $570.0 million. At comparable foreign currency exchange rates, 2011 net sales were up 28%. Inter Parfums plans to issue its results for the fourth quarter and year ended December 31, 2011 on or about March 13, 2012.
New York, New York, December 20, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its Paris-based subsidiary, Interparfums SA, the prestige fragrance company and exclusive worldwide licensee for Burberry fragrance products, and its licensor, Burberry Group, the global luxury company, are in discussions regarding the establishment of a new operating structure for the Burberry fragrance and beauty business.
REPETTO AND INTER PARFUMS SIGN AN EXCLUSIVE FRAGRANCE LICENSE AGREEMENT
New York, NY, December 7, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it has entered into a 13-year worldwide license agreement with La Maison Repetto for the creation, development and distribution of fragrances under the Repetto brand, which starts on January 1, 2012.