11.10.09
Inter Parfums, Inc. posted "record" results for the third quarter ended Sept. 30, 2009.Net sales rose 21% to $123.5 million.European-based operations achieved sales of $108.8 million - a 23% increase compared to the same period last year, while sales by U.S.-based operations rose 4% to $14.7 million.
Net sales for the nine months ended Sept. 30, 2009 increased 28% to $345.8 million. Net income increased 23% to $18.7 million.
Jean Madar, chairman of the board and chief executive officer of Inter Parfums, noted, “As we previously reported, the current third quarter included two major new product launches, Van Cleef & Arpels Feerie and Jeanne Lanvin.These two major new product launches were responsible for much of the top line growth. Additionally, Burberry fragrance sales have continued to increase with this year’s growth driven by the successful worldwide launch of the new women's line Burberry The Beat.
"ST Dupont Passenger, a new scent for men and women, also launched during the quarter.We will elaborate further on our 2009 launch schedule when we provide our initial guidance for 2009 later this month. Burberry The Beat for men has recently previewed exclusively at Bloomingdale’s and is doing well.The global rollout is set to begin in early 2009.Also, as our Paris-based subsidiary announced in September, we have Lanvin L’Homme Sport unveiling next summer, with tennis sensation, Rafael Nadal, the Wimbledon, French Open and 2008 Olympic gold medal winner, as our model and spokesperson.”
Net sales for the nine months ended Sept. 30, 2009 increased 28% to $345.8 million. Net income increased 23% to $18.7 million.
Jean Madar, chairman of the board and chief executive officer of Inter Parfums, noted, “As we previously reported, the current third quarter included two major new product launches, Van Cleef & Arpels Feerie and Jeanne Lanvin.These two major new product launches were responsible for much of the top line growth. Additionally, Burberry fragrance sales have continued to increase with this year’s growth driven by the successful worldwide launch of the new women's line Burberry The Beat.
"ST Dupont Passenger, a new scent for men and women, also launched during the quarter.We will elaborate further on our 2009 launch schedule when we provide our initial guidance for 2009 later this month. Burberry The Beat for men has recently previewed exclusively at Bloomingdale’s and is doing well.The global rollout is set to begin in early 2009.Also, as our Paris-based subsidiary announced in September, we have Lanvin L’Homme Sport unveiling next summer, with tennis sensation, Rafael Nadal, the Wimbledon, French Open and 2008 Olympic gold medal winner, as our model and spokesperson.”
He continued, “Net sales by U.S.-based operations rose 4% despite the high hurdle set in last year’s third quarter with the rollout of Gap personal care products to their North American stores.In the current third quarter, the year-over-year sales growth by U.S.-based operations was primarily attributable to the international distribution of both Gap and Banana Republic products.
"The final quarter of 2009 will include initial sales of Brooks Brothers New York, our first new fragrance collection for men and women, which is now in all U.S. Brooks Brothers locations.Also, the color cosmetics we developed and produced for bebe stores are now in their U.S. stores and we are making progress with a signature fragrance for the brand, which is expected to come to market next year.”