Inter Parfums Q2 net sales up 17%

Published: 8-Aug-2013

The quarter marked the end of the company’s ties with Burberry

Inter Parfums has ended its second quarter of 2013 with a net sales increase (excluding Burberry brand sales) of 17% to $96.8m from $82.7m in the prior year. Including Burberry brand sales, however, net sales fell 19.3% to $117.5m.

Both the company’s European and US based operations performed well. Europe generated sales of $72.0m, up 15.0% from $62.8m in the prior-year quarter, while sales by the US business reached $24.8m, up 24.4% from $20.0m. Finally, net income fell from $6.0m to $3.8m.

Commenting on the results, Jean Madar, Chairman & CEO of Inter Parfums said the quarter marked the end of the company’s ties with Burberry: “The remaining Burberry inventory generated $20.7m in second quarter sales and officially concluded this chapter in our company’s story. We move forward confident in our ability to grow our business through the introduction of new fragrances for our core brands by broadening our distribution channels and by adding new names to our brand portfolio”.

You may also like