Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue May 2015
 •  US Economy Slips in Q1  •  Gojo To Expand Footprint  •  "Break Up with Your Makeup"  •  Ulta Posts Strong Q1  •  Fortunate Ones
Print

Inter Parfums Reports Earnings Dip



Published October 21, 2005
Related Searches: chief marketing sales officer
Post a comment
Despite strong sales, Inter Parfums reported a dip in earnings for the second quarter ended June 30 as the company faced higher royalty rates. Net earnings were down 6% to $3.2 million from $3.4 million a year prior, while sales increased 28%. The drop in profitability for the second quarter “is due to the impact of the higher Burberry royalty rate…and marketing expenses that began in January of this year,” said Russell Greenberg, executive vice president and chief financial officer.


blog comments powered by Disqus