Inter Parfums Reports 32% Rise in Sales

Inter Parfums, Inc. posted a favorable financial update for the first quarter of 2010. Net sales jumped 32% to $119.4 million.

“The new year started on a strong note,” stated Chairman and Chief Executive Officer of Inter Parfums Jean Madar. Discussing European-based operations, he commented, “First quarter sales growth was due in great part to the launch and global rollout of Burberry Sport fragrances, as well as the continued strong performance of established Burberry scents. Burberry brand sales were up in fact 25% in local currency. Also in local currency, comparable quarter Lanvin and Van Cleef & Arpels sales rose 20% and 55%, respectively. We are seeing business rebound in many geographic markets, especially Asia, South America, the Middle East, and Western Europe where comparable quarter sales rose 53%, 41%, 47% and 15%, respectively.”

Discussing U.S.-based operations, Mr. Madar pointed out, “Our specialty retail sales benefited from increased international distribution. Of note, bebe signature fragrance has done especially well in overseas markets, plus we expanded its domestic distribution into additional third party retail outlets. We are especially pleased that after a protracted period of declining sales, our mass market business is seeing the beginnings of a turnaround, as evidenced by the 20% sales improvement over the first quarter of 2009.”