07.23.15
Inter Parfums' second quarter sales decreased 13.7% to $102.0 million. For the sixth months sales fell nearly 12% to $240 million.
At comparable foreign currency exchange rates, consolidated second quarter net sales decreased 5.2%. During the second quarter, the euro fell 19% against the dollar. Inter Parfums plans to issue results for the 2015 second quarter on or about August 5, 2015.
“Jimmy Choo was our leading brand in the second quarter, with strong momentum by the Jimmy Choo Man line, particularly in the U.S. market, along with the launch earlier this year of Jimmy Choo Blossom for women, which led to an increase in local currency sales of 62%," said Jean Madar, chairman and chief executive officer.
Mader noted too that US-based operations delivered solid growth in the second quarter. A 6% increase in sales during the period reflected the successful launches of Extraordinary by Oscar de la Renta and Icon by Dunhill earlier this year. Mitigating some of these gains was the decline in Anna Sui brand sales, which resulted from continued negative market conditions in China.
Looking ahead, company executives expect 2015 net sales to come in at a range of $460 to $470 million.
At comparable foreign currency exchange rates, consolidated second quarter net sales decreased 5.2%. During the second quarter, the euro fell 19% against the dollar. Inter Parfums plans to issue results for the 2015 second quarter on or about August 5, 2015.
“Jimmy Choo was our leading brand in the second quarter, with strong momentum by the Jimmy Choo Man line, particularly in the U.S. market, along with the launch earlier this year of Jimmy Choo Blossom for women, which led to an increase in local currency sales of 62%," said Jean Madar, chairman and chief executive officer.
Mader noted too that US-based operations delivered solid growth in the second quarter. A 6% increase in sales during the period reflected the successful launches of Extraordinary by Oscar de la Renta and Icon by Dunhill earlier this year. Mitigating some of these gains was the decline in Anna Sui brand sales, which resulted from continued negative market conditions in China.
Looking ahead, company executives expect 2015 net sales to come in at a range of $460 to $470 million.