Company News, Financial News

Sales Soar 20% at Inter Parfums

Company raises annual guidance to $665 million.

Citing success from its Guess fragrance brand, Inter Parfums, Inc. reported that for the three months ended March 31, 2018, net sales increased 20.1% to $171.8 million.

Discussing US based operations, Chairman and CEO Jean Madar noted, “While Anna Sui and Oscar de la Renta, two of the larger brands in the group, showed good comparable quarterly net sales increases coinciding with new product introductions, we expect far better quarterly sales comparisons as the year progresses as we unveil new products for many of our other brands and commence sales of Guess brand fragrances in the second quarter.”

The company is now looking for net sales to approximate $665 million for the fiscal year.

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