press releases
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.
New York, New York – July 29, 2016: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the second quarter ended June 30, 2016 on Tuesday, August 9, 2016 after the close of the stock market.
INTER PARFUMS, INC. REPORTS 2016 SECOND QUARTER SALES INCREASE OF 14.8%
New York, New York, July 25, 2016: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended June 30, 2016, net sales increased 14.8% to $117.2 million as compared to $102.0 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated second quarter net sales increased 14.2%. Inter Parfums plans to issue results for the 2016 second quarter on or about August 9, 2016.
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.
New York, New York, March 14, 2016: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and year ended December 31, 2015.
Fourth Quarter 2015 Compared to Fourth Quarter 2014:
Net sales declined 5.4% to $118.3 million from $125.1 million; at comparable foreign currency exchange rates, net sales increased 1.0%;
European based operations generated net sales of $88.6 million, down 5.3% from $93.6 million;
Sales by U.S. based operations were $29.7 million, down 5.8% from $31.5 million;
Gross margin was 64.0% of net sales compared to 59.4%;
S,G&A expense as a percentage of net sales was 60.4% compared to 55.9%
Operating income was $4.3 million compared to $4.4 million and represented 3.6% of net sales in both periods;
Net income attributable to Inter Parfums, Inc. was $1.9 million or $0.06 per diluted share versus $3.3 million or $0.11 per diluted share.
INTER PARFUMS, INC. PROVIDES INITIAL GUIDANCE FOR 2016
New York, New York, November 17, 2015: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced initial 2016 guidance, which calls for net sales in the range of $500 million to $510 million compared to the 2015 guidance range of $460 million to $470 million. Initial guidance for 2016 net income attributable to Inter Parfums, Inc. is in the range of $1.05 to $1.10 per diluted share compared to the 2015 guidance range of $0.95 to $1.00. Guidance assumes the dollar remains at current levels.
New York, New York, November 9, 2015: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the third quarter ended September 30, 2015.
Third Quarter 2015 Compared to Third Quarter 2014:
Net sales were $138.9 million, up 3.5% compared to $134.2 million; at comparable foreign currency exchange rates, net sales increased 11.4%;
Sales by European based operations rose 6.5% to $110.1 million from $103.4 million; at comparable foreign currency exchange rates, net sales increased 16.8%;
U.S. based operations generated net sales of $28.8 million, down 6.5% compared to $30.8 million;
Gross margin was 61.8% of net sales compared to 56.1%;
S,G&A expense as a percentage of net sales was 41.9% compared to 42.2%;
Operating income rose 48% to $27.6 million compared to $18.7 million;
Net income attributable to Inter Parfums, Inc. rose 28% to $14.2 million or $0.46 per diluted share, compared to $11.1 million or $0.36 per diluted share.
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. REPORTS 2015 SECOND QUARTER RESULTS
New York, New York, August 7, 2015: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter ended June 30, 2015.
Second Quarter 2015 Compared to Second Quarter 2014:
Net sales were $102.0 million compared to $118.2 million; at comparable foreign currency exchange rates, net sales decreased 5.2%;
European-based operations generated net sales of $77.1 million compared to $94.7 million;
Sales by U.S.-based operations rose 5.7% to $24.9 million from $23.5 million;
Gross margin was 59.1% of net sales compared to 57.6%;
S,G&A expense as a percentage of net sales was 51.1% compared to 46.8%;
Operating income was $8.2 million compared to $12.9 million;
Net income attributable to Inter Parfums, Inc. was $4.4 million or $0.14 per diluted share compared to $6.1 million or $0.20 per diluted share.
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.
INTER PARFUMS, INC. REPORTS 2015 FIRST QUARTER RESULTS DILUTED EPS UP 10.3%
New York, New York, May 11, 2015: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2015.
First Quarter 2015 Compared to First Quarter 2014:
Net sales were $109.2 million compared to $121.7 million; at comparable foreign currency exchange rates, net sales decreased 2.8%;
European-based operations generated net sales of $86.7 million compared to $102.3 million;
Sales by U.S.-based operations rose 16% to $22.5 million from $19.4 million;
Gross margin was 61.9% of net sales compared to 56.9%;
S,G&A expense as a percentage of net sales was 42.6% for both periods;
Operating income was $21.1 million, up 20.9% compared to $17.4 million;
Operating margin rose to 19.3% compared to 14.3%;
Net income attributable to Inter Parfums, Inc. was $10.0 million or $0.32 per diluted share compared to $8.9 million or $0.29 per diluted share.
COACH AND INTERPARFUMS SA SIGN GLOBAL LICENSE AGREEMENT FOR COACH FRAGRANCE
New York, New York – April 9, 2015: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its majority owned Paris-based subsidiary, Interparfums SA, and Coach, Inc. (NYSE: COH; SEHK: 6388), a leading New York design house of modern luxury accessories and lifestyle collections, have entered into an 11-year exclusive worldwide fragrance license agreement.
New York, New York – March 19, 2015: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its majority owned Paris-based subsidiary, Interparfums S.A. has entered into an agreement with The Procter & Gamble Company to acquire the Rochas brand.