press releases
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.
INTER PARFUMS, INC. PROVIDES INITIAL GUIDANCE FOR 2012
New York, New York, November 16, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced its initial guidance for 2012 which calls for net sales of $625.0 million and net income attributable to Inter Parfums, Inc. of approximately $35.7 million, or $1.16 per diluted share. Guidance assumes the dollar remains at current levels.
INTER PARFUMS, INC. REPORTS RECORD THIRD QUARTER RESULTS
Year-to-Date Diluted EPS up 37.4% on 22.4% Increase in Net Sales
Affirms Current 2011 Guidance
New York, New York, November 9, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the third quarter ended September 30, 2011.
Third Quarter 2011 Compared to Third Quarter 2010:
Net sales increased 42.1% to $171.7 million from $120.9 million; at comparable foreign currency exchange rates, net sales rose 36%;
European-based operations generated sales of $154.7 million, up 41.7% from $109.2 million;
Sales by U.S.-based operations were $17.0 million, up 45.9% from $11.7 million;
Gross margin was 63% compared to 59%;
S, G & A expense as a percentage of sales was 51% compared to 45%;
Operating margins were 12.6% of net sales compared to 13.7% of net sales;
Net income attributable to Inter Parfums, Inc. rose 24.5% to $10.4 million from $8.4 million; and,
Basic and diluted earnings per share increased 21.4% to $0.34 from $0.28.
INTER PARFUMS, INC. SCHEDULES 2011 THIRD QUARTER RELEASE AND CONFERENCE CALL
New York, New York – November 1, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the third quarter ended September 30, 2011 on Wednesday, November 9, 2011. The results will be released after the close of the stock market.
INTER PARFUMS, INC. REPORTS 42% INCREASE IN THIRD QUARTER SALES and Increases 2011 Sales Guidance
New York, New York, October 25, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the third quarter of 2011 were approximately $171.7 million, a 42% increase from $120.9 million in the third quarter of 2010. At comparable foreign currency exchange rates, third quarter net sales were up 36%. Inter Parfums plans to issue its results for the third quarter of 2011 on or about November 9, 2011.
New York, New York, August 9, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter ended June 30, 2011.
Second Quarter 2011 Compared to Second Quarter 2010:
-
Net sales increased 12.3% to $121.1 million from $107.8 million; at comparable foreign currency exchange rates, net sales rose 4.7% for the period;
-
European-based operations generated sales of $106.5 million, up 15.9% from $91.9 million;
-
Sales by U.S.-based operations were $14.6 million, down 8.2% from $15.9 million;
-
Gross margin was 62% compared to 60%;
-
S, G & A expense as a percentage of sales was 53.0% compared to 49.4%;
-
Operating margins declined to 9.0% of net sales from 10.7% of net sales;
-
Net income attributable to Inter Parfums, Inc. decreased 6.8% to $5.0 million as compared to $5.4 million; and,
-
Basic and diluted earnings per share declined 11.1% to $0.16 from $0.18.
INTER PARFUMS, INC. SCHEDULES 2011 SECOND QUARTER RELEASE AND CONFERENCE CALL
New York, New York – August 1, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the second quarter ended June 30, 2011 on Tuesday, August 9, 2011. The results will be released after the close of the stock market.
INTER PARFUMS, INC. REPORTS 12.3% INCREASE IN SECOND QUARTER SALES Affirms 2011 Guidance
New York, New York, July 26, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the second quarter of 2011 were approximately $121.1 million, a 12.3% increase from $107.8 million in the second quarter of 2010. At comparable foreign currency exchange rates, second quarter net sales were up 4.7%. Inter Parfums plans to issue its results for the second quarter of 2011 on or about August 9, 2011.
New York, New York – July 7, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that Happ + Stahns 1842 Rosa Alba, which it created exclusively for Anthropologie stores, won the 2011 HBA International Packaging Design Award in the Prestige Fragrance category. The winner in this category was voted on by 100 industry professionals.
BALMAIN AND INTER PARFUMS SIGN AN EXCLUSIVE 12-YEAR FRAGRANCE LICENSE AGREEMENT
New York, NY, July 7, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it has entered into a 12-year worldwide license agreement commencing on January 1, 2012 to create, produce and distribute perfumes and ancillary products under the Balmain brand. The agreement replaces a previous license that was terminated by mutual consent.
INTER PARFUMS, INC. SIGNS AN EXCLUSIVE LICENSE AGREEMENT FOR ANNA SUI FRAGRANCES
New York, New York, June 30, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it has entered into a ten-year exclusive worldwide fragrance license agreement, with two five-year renewal options, to create, produce and distribute perfumes and fragrance-related products under the Anna Sui brand.
New York, New York, May 9, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported record results for the first quarter ended March 31, 2011. First Quarter 2011 Compared to First Quarter 2010:
-
Net sales increased 11.7% to $133.4 million from $119.4 million; at comparable foreign currency exchange rates, net sales rose 11.6% for the period;
-
European-based operations generated sales of $121.6 million, up 12.3% from $108.3 million;
-
Sales by U.S.-based operations were up 6.5% to $11.8 million from $11.1 million;
-
Gross margin was 64.9% compared to 60.1%;
-
S, G & A expense as a percentage of sales was 45.8% compared to 46.7%;
-
Operating margins increased to 19.2% of net sales from 13.4% of net sales;
-
Net income attributable to Inter Parfums, Inc. increased 94.8% to $12.8 million as compared to $6.6 million; and,
-
Diluted earnings per share increased 86.4% to $0.41 from $0.22.
INTER PARFUMS, INC. SCHEDULES 2011 FIRST QUARTER RELEASE AND CONFERENCE CALL
New York, New York – April 29, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the first quarter ended March 31, 2011 on Monday, May 9, 2011. The results will be released after the close of the stock market.
New York, New York, March 28, 2011: Inter Parfums, Inc. (NasdaqGS: IPAR) today announced that it has entered into an exclusive agreement with a unit of Charming Shoppes, Inc. (NasdaqGS: CHRS) for its flagship brand, Lane Bryant.
INTER PARFUMS, INC. REPORTS RECORD 2010 RESULTS
New York, New York, March 8, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and year ended December 31, 2010.
-
Net sales declined slightly to $112.4 million from $112.9 million; at comparable foreign currency exchange rates, net sales rose 6% for the period;
-
European-based operations generated sales of $95.5 million, off modestly from $96.3 million;
-
Sales by U.S.-based operations were up 2% to $17.0 million from $16.6 million;
-
Gross margin was 59.0% compared to 56.1%;
-
S, G & A expense as a percentage of sales was 48% compared to 42%;
-
Operating margins were 11.0% of net sales from 12.2% of net sales;
-
Net income attributable to Inter Parfums, Inc. increased 14.5% to $6.2 million as compared to $5.5 million; and,
-
Basic and diluted earnings per share increased 11.1
New York, New York, January 25, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the fourth quarter of 2010 reached $112.5 million, off slightly from $112.9 million in the fourth quarter of 2009. At comparable foreign currency exchange rates, net sales for the fourth quarter were actually up 6.0%. Thus, net sales for 2010 increased 12.4% to a record $460.4 million from $409.5 million in 2009. At comparable foreign currency exchange rates, net sales for 2010 rose 18.0% compared to 2009. Inter Parfums plans to issue final results for the 2010 fourth quarter and year on or about March 9, 2011 and conduct a conference call on the following day.
INTER PARFUMS AND BURBERRY GROUP PLC HAVE EXTENDED CERTAIN TERMS OF THEIR FRAGRANCE LICENSE
New York, New York, December 22, 2010: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its 74% owned Paris-based subsidiary, Inter Parfums SA, the prestige fragrance company, and Burberry, the global luxury company, have extended by one year certain terms of their fragrance license, including the length of the agreement to December 31, 2017. Burberry’s right to buy the license has moved from December 31, 2011 to December 31, 2012, and the option requiring the consent of both parties to extend the license five years beyond 2017 now becomes exercisable at December 31, 2015.
BOUCHERON AND INTER PARFUMS SIGN AN EXCLUSIVE 15-YEAR LICENSE AGREEMENT FOR FRAGRANCES
New York, New York, December 21, 2010: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its 74% owned Paris-based subsidiary, Inter Parfums SA has signed a 15-year exclusive worldwide license agreement with Boucheron to create, produce and distribute perfumes and ancillary products under the Boucheron brand. The agreement commences on January 1, 2011 and replaces a previous license with L'Oreal that was terminated by mutual consent.
INTER PARFUMS, INC. PROVIDES INITIAL GUIDANCE FOR 2011
New York, New York, November 17, 2010: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced its initial guidance for 2011 which calls for net sales of $515.0 million and net income attributable to Inter Parfums, Inc. of approximately $29.0 million, or $0.96 per diluted share. Guidance assumes the dollar remains at current levels.
INTER PARFUMS, INC. REPORTS RECORD THIRD QUARTER EARNINGS
New York, New York, November 9,
2010: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the third
quarter ended September 30, 2010.
Third Quarter 2010 Compared to Third Quarter 2009:
-
Net sales increased 3% to $120.9 million from $117.5 million; at comparable foreign currency exchange rates, net sales rose 13% for the period;
-
European-based operations generated sales of $109.2 million, a 5% increase from $104.0 million;
-
Sales by U.S.-based operations were $11.7 million, down 14% from $13.5 million;
-
Gross margin was 59% compared to 57%;
-
S, G & A expense as a percentage of sales was 45% for both periods;
-
Operating margins increased to 13.7% of net sales from 11.8% of net sales;
-
Operating income rose to $16.6 million, up 19% from $13.9 million;
-
Net income attributable to Inter Parfums, Inc. increased 16% to a record $8.4 million as compared to $7.3 million; and,
-
Basic and diluted earnings per share increased 17% to $0.28 from $0.24.
INTER PARFUMS, INC. SCHEDULES THIRD QUARTER RELEASE AND CONFERENCE CALL
New York, New York, October 28, 2010: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the third quarter ended September 30, 2010 on Tuesday, November 9, 2010. The results will be released after the close of the stock market.
New York, New York, October 26, 2010: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the third quarter of 2010 reached $120.9 million, a 2.8% increase from $117.5 million in the third quarter of 2009. At comparable foreign currency exchange rates, net sales for the third quarter were up 12.9%. Thus, net sales for the first nine months of 2010 increased 17.3% to a record $348.0 million from $296.6 million in the same period last year. At comparable foreign currency exchange rates, net sales for the first nine months of 2010 rose 22.6%. Inter Parfums plans to issue final results for the third quarter of 2010 on or about November 9, 2010 and conduct a conference call on the following day.
New York, New York, September 7, 2010: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that effective January 1, 2011, InterParfums Luxury Brands, a recently formed United Statescompany and subsidiary of our French subsidiary Inter Parfums SA, will lead the development and distribution of Burberry (fragrances and cosmetics),Lanvin, Montblanc and Jimmy Choo brands in the United States.
NEW YORK, July 26, 2010 -Jones Apparel Group, Inc. ("Jones") (NYSE: JNY) today announced that it has entered into an exclusive, world-wide license agreement with Inter Parfums USA, LLC, a wholly-owned subsidiary of Inter Parfums, Inc. ("Inter Parfums") (Nasdaq: IPAR) for the creation, production, marketing and global distribution of women's fragrances under the Nine West brand. Inter Parfums is a premier manufacturer and marketer of prestige fragrances worldwide.
INTER PARFUMS, INC. SIGNS EXCLUSIVE WORLDWIDE AGREEMENT WITH BETSEY JOHNSON LLC
New York, New York, July 9, 2010: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it has entered into an exclusive worldwide agreement with Betsey Johnson LLC of New York, NY, under which Inter Parfums will design, manufacture and sell fragrance, color cosmetics as well as other personal care products across a broad retail spectrum. The agreement, which runs through December 31, 2015, encompasses both direct sales to global Betsey Johnson stores and e-commerce site, as well as a licensing component, enabling Inter Parfums to sell these fragrance and beauty products to specialty and department stores as well as other retail outlets worldwide.
New York, New York – April 8, 2010 -- Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its Chairman of the Board & CEO, Jean Madar and Executive VP & CFO, Russell Greenberg, will address institutional investors at the Telsey Advisory Group Consumer Conference on Thursday, April 15, 2010 at 3:00 pm ET at The Westin New York at Times Square.
MONTBLANC AND INTER PARFUMS SIGN A FRAGRANCE LICENSE AGREEMENT
New York, New York – January 22, 2010: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its 75% owned Paris-based subsidiary, Inter Parfums SA, and Montblanc International GMBH have signed a license agreement to create, produce and distribute perfumes and ancillary products under the Montblanc brand. This license agreement is for ten and a half years and will take effect on July 1, 2010.
INTER PARFUMS and JIMMY CHOO SIGN A FRAGRANCE LICENSE AGREEMENT
New York, New York, October 5, 2009: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its subsidiary, Inter Parfums SA, and Jimmy Choo have signed a 12-year worldwide license agreement commencing on January 1, 2010 for the creation, development and distribution of fragrances under the Jimmy Choo brand.