Inter Parfums Announces Q2 Financials

Inter Parfums Inc. announced that net sales for the second quarter 2004 were $46.7 million, up 13%from $41.4 million a year ago. Gross margin was 51% of net sales, compared to last year’s 49%.This increase was primarily due to continued growth in higher margin prestige product sales, according to company executives.

S,G&A as a percentage of sales was 36%, up from 35% for the year-ago period. Net incomeincreased 16% to $3.4 million and diluted EPS rose 13% to $0.17, as compared to $0.15 adiluted share in the second quarter of 2003.

Jean Madar, chairman and chief executive officer, commented, “As we reported last month, Burberryfragrances continued to produce strong growth, driven by excellent performance of the BurberryLondon and Burberry Week end lines, further gains by the Burberry Touch line and the success of theBurberry Brit for Women collection launched in the fall of 2003. We look forward to the launch this fallof the Burberry Brit for Men line in selected markets.”