Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue August 2014
 •  New Home Care Line Is on the Way  •  Air Refreshers New at Method  •  Arden's Sales Drop 13.4%  •  Dollar Store Wars  •  New Drakkar Hits Counters This Month
Print

Inter Parfums Reports Earnings Dip



Published October 21, 2005
Related Searches: lip quarter marketing green
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