10.25.17
Inter Parfums, Inc. reported that for the three months ended Sept. 30, 2017, net sales increased 7.6% to $169.5 million. The company is raising its 2017 sales guidance range to between $575 million and $580 million. The previous 2017 sales guidance had been in the range of $560 million to $570 million.
Jean Madar, chairman & CEO of Inter Parfums, stated, “During the current third quarter, Montblanc, Coach and Rochas brand sales rose 13%, 34% and 33%, respectively, over the comparable period last year. Jimmy Choo brand sales were essentially unchanged in this year’s third quarter and Lanvin brand sales were down about 8%. However year-to-date, Jimmy Choo and Lanvin brand sales were up 24% and 14%, respectively. The outstanding performance of our two newest brands, Coach and Rochas, is especially gratifying. Strong sales of the Coach women's line which rolled out in 2016, combined with the recent launch of the brand’s signature scent for men, produced the excellent brand sales growth in the third quarter. The dramatic increase in Rochas fragrance sales was primarily attributable to the strength of the Eau de Rochas line and the successful rollout of Mademoiselle Rochas in around fifteen markets thus far.”
On the subject of US-based operations, Madar continued, “Initial shipments of Icon Racing by Dunhill and Fantasia by Anna Sui began in September, which contributed to the increase in third quarter sales. However, this quarterly comparison is an unusually difficult one due to the 19% comparable quarter increase in net sales achieved in last year’s third quarter as a result of the international rollout of the Abercrombie & Fitch men’s scent, First Instinct, and the Hollister fragrance duo, Wave.”
Jean Madar, chairman & CEO of Inter Parfums, stated, “During the current third quarter, Montblanc, Coach and Rochas brand sales rose 13%, 34% and 33%, respectively, over the comparable period last year. Jimmy Choo brand sales were essentially unchanged in this year’s third quarter and Lanvin brand sales were down about 8%. However year-to-date, Jimmy Choo and Lanvin brand sales were up 24% and 14%, respectively. The outstanding performance of our two newest brands, Coach and Rochas, is especially gratifying. Strong sales of the Coach women's line which rolled out in 2016, combined with the recent launch of the brand’s signature scent for men, produced the excellent brand sales growth in the third quarter. The dramatic increase in Rochas fragrance sales was primarily attributable to the strength of the Eau de Rochas line and the successful rollout of Mademoiselle Rochas in around fifteen markets thus far.”
On the subject of US-based operations, Madar continued, “Initial shipments of Icon Racing by Dunhill and Fantasia by Anna Sui began in September, which contributed to the increase in third quarter sales. However, this quarterly comparison is an unusually difficult one due to the 19% comparable quarter increase in net sales achieved in last year’s third quarter as a result of the international rollout of the Abercrombie & Fitch men’s scent, First Instinct, and the Hollister fragrance duo, Wave.”