Inter Parfums Inc.’s 3Q Sales Jump 42%

Discussing European-based operations Jean Madar, chairman and CEO of Inter Parfums noted, “Burberry fragrance sales were up 30% for the quarter due in great part to the global launch of Burberry Body.Other factors contributing to the sales increase include the continued strong momentum of the Jimmy Choo and Montblanc fragrance launches and the inclusion of Interparfums Luxury Brands, our U.S. distribution subsidiary which began operations at the start of the year.”

Madar continued, “We were very pleased by the continued strength in certain markets with third quarter sales in local currency holding steady in Western Europe while increasing 55% and 64% in South America and Asia, respectively.”

Russell Greenberg, EVP and CFO stated, “Based upon year-to-date sales levels and expectations for the final quarter of this year, we are raising our 2011 sales guidance to approximately $570.0 million, from approximately $550.0 million.Our guidance for net income attributable to Inter Parfums, Inc. remains at $32.5 million or $1.05 per diluted share due to the high level of advertising and promotional expenses planned for the final quarter of 2011.Guidance assumes the dollar remains at current levels.”