Inter Parfums, Inc. announced first quarter sales rose 45% to $123.2 million; at comparable foreign currency exchange rates, net sales were up 35% for the period; European-based operations achieved sales of $110.6 million, a 46% increase; sales by U.S.-based operations rose 31% to $12.6 million.
Net income increased 50% to $8.7 million from $5.8 million in 2007.
As previously reported in Happi, the company has expanded its current relationship with Gap Inc. to include a licensing agreement for international distribution of personal care products through Gap and Banana Republic stores as well as select specialty and department stores outside the U.S., including duty-free and other travel related retailers.
Record First Quarter Results At Inter Parfums, Inc.
Published July 14, 2008
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