Inter Parfums announced second quarter sales and raised its 2004 outlook. Operating results for the quarter will become available on August 11.
The company reported that net sales for the second quarter were $46.8 million, up 13% from a year ago. For the first half of 2004, net sales rose more than 33% to more than $105 million.
Inter Parfums raised its 2004 sales guidance to $225 million, which includes incremental sales resulting from the company’s recently acquired Lanvin fragrance license, partially offset by the effect of the rise in the dollar vs. the euro during the second quarter of 2004. Inter Parfums’ prior sales guidance for 2004 was $222 million. Management is maintaining its 2004 net income guidance of $15.8 million. Sales and net income guidance assumes that the dollar remains at current levels.