Inter Parfums Reports Second Quarter Results

Inter Parfums, Inc. posted results in tune with the current economy for the second quarter that ended June 30, 2009. Net sales declined 10.6% to $88.6 million.

Sales by European-based operations were down 5% to $79.4 million; while U.S.-based operations declined 39% to $9.2 million. However, net income attributable to Inter Parfums, Inc. rose 12% to $4.2 million from $3.8 million.

Through the first half of 2009, net sales slipped 19.4% to $179 million at the company.