05.07.19
Inter Parfums, Inc. said net sales for the first quarter ended March 31, 2019 were $178.2 million, up 3.8% from $171.8 million in the same quarter one year ago; at comparable foreign currency exchange rates, net sales increased 7.4%.
Sales by US-based operations rose 54.8% to $34.5 million from $22.3 million.
“Our two largest markets, North America and Western Europe, as well as the Middle East, achieved comparable quarter sales growth of 8.5%, 12.7% and 22.9%, respectively, with sales of Montblanc, Jimmy Choo and Boucheron fragrances driving the increases,” said Jean Madar, chairman and CEO of Inter Parfums, Inc.
Madar said the firm reported a 9.3% decline in Asia, its third largest market. The fall was attributed primarily to lower sales of Lanvin products. “With the upcoming launches for Lanvin and Anna Sui, we expect better comparisons for Asia in the coming quarters,” Madar noted.
In the US, Guess legacy fragrance sales, which began in the 2018 second quarter, were responsible for the increase in first quarter sales. Madar said Oscar de la Renta fragrance was the biggest percentage gainer with the rollout of Bella Rosa and legacy scents driving sales growth.
Sales by US-based operations rose 54.8% to $34.5 million from $22.3 million.
“Our two largest markets, North America and Western Europe, as well as the Middle East, achieved comparable quarter sales growth of 8.5%, 12.7% and 22.9%, respectively, with sales of Montblanc, Jimmy Choo and Boucheron fragrances driving the increases,” said Jean Madar, chairman and CEO of Inter Parfums, Inc.
Madar said the firm reported a 9.3% decline in Asia, its third largest market. The fall was attributed primarily to lower sales of Lanvin products. “With the upcoming launches for Lanvin and Anna Sui, we expect better comparisons for Asia in the coming quarters,” Madar noted.
In the US, Guess legacy fragrance sales, which began in the 2018 second quarter, were responsible for the increase in first quarter sales. Madar said Oscar de la Renta fragrance was the biggest percentage gainer with the rollout of Bella Rosa and legacy scents driving sales growth.