Inter Parfums, Inc. announced net sales for the second quarter 2004 were $46.7 million, up 13% from $41.4 million a year ago. Gross margin improved two points to 51%.
This increase was primarily due to continued growth in higher margin prestige product sales, according to company executives.
Jean Madar, chairman and chief executive officer, commented, “As we reported last month, Burberry fragrances continued to produce strong growth, driven by excellent performance of the Burberry London and Burberry Week end lines, further gains by the Burberry Touch line and the success of the Burberry Brit for Women collection launched in the fall of 2003. We look forward to the launch this fall of the Burberry Brit for Men line in selected markets.”