Inter Parfums reports Q3 sales

Inter Parfums Inc impoved their net sales with 9 % than last year. The results of the third headquarter will be announced on November, 7, 2007.

Inter Parfums Inc Press Release:

Inter Parfums Inc announced that net sales for the current third quarter rose to a record $102.3 million, up 14% from $89.7 million in the same period last year. At comparable foreign currency exchange rates, third quarter net sales were 9% ahead of last year’s third quarter.

Thus for the first nine months of 2007, net sales were $270.2 million, up 17% from $230.9 million; at comparable foreign currency exchange rates, net sales for the first nine months of 2007 were 12% ahead of last year. Inter Parfums plans to issue financial results for the third quarter ended September 30, 2007 on Wednesday, November 7, 2007, after the close of the stock market.

Jean Madar, Chairman of the Board and Chief Executive Officer, noted, “Third quarter sales by our European based operations were $88.2 million, up nearly 16% from $76.1 million in last year’s third quarter. The top line growth was attributable to the launches of the Roxy and Paul Smith Rose fragrances and the increasing contribution of Van Cleef & Arpels fragrances.

Additionally, as previously reported, since mid-first quarter, we’ve begun distributing product through our four majority-owned European distribution subsidiaries.” Mr. Madar continued, “The 4% increase in U.S. sales to $14.2 million was achieved despite the high threshold set in the same period of 2006. In last year’s third quarter, U.S. sales were $13.6 million, or 64% ahead of the third quarter of 2005, primarily due to first time shipments of the Discover Collection of five fragrances and a full line of bath and body to all Banana Republic’s North American stores.

The current third quarter sales increase reflects the staged rollout of new products to additional Gap stores which is still underway, as well as new product launches for both Banana Republic and Gap stores.” Management reaffirms its full year 2007 guidance projecting net sales, net income and diluted earnings per share of approximately $378 million, $21.5 million and $1.04, respectively.

This guidance assumes the dollar remains at current levels. Separately, the Company reported that the license agreement concluded in March 2006 between Inter Parfums and Quiksilver has been extended to men's fragrances under the Quiksilver brand. The launch of the first Quiksilver men’s fragrance is scheduled for fall 2008.

Inter Parfums Inc