Annual Net Sales Rise 12.4% at Inter Parfums

Inter Parfums, Inc. announced that net sales for 2010 increased 12.4% to $460.4 million. However, net sales for the fourth quarter of 2010 reached $112.5 million, off slightly from $112.9 million in the fourth quarter of 2009.

On the subject of U.S.-based operations, Jean Madar, chairman and chief executive officer, pointed out, “As expected, following certain inventory shortfalls in the third quarter that pushed those shipments into the fourth quarter, sales were 2% ahead of the final quarter of 2009.Due to the more than 50% increase in sales through the first half of 2010, sales by U.S.-based operations for the year as a whole were 16.2% ahead of 2009.”

Looking forward, Madar went on to say, “Having previously reported on our prestige line-up for 2011, I am pleased to announce a new addition.To further strengthen the Burberry brand’s potential for sustained growth in the years ahead, following the creative and development phases initiated in early 2010, a major new women’s line will be launched in fall 2011.”

With respect to our 2011 guidance, Russell Greenberg, executive vice president and chief financial officer, stated, “In light of this important worldwide launch plus the integration of existing fragrance lines under the Boucheron brand, we have raised guidance for 2011 sales to approximately $525 million, with resulting net income attributable to Inter Parfums, Inc. of approximately $30 million.”