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Inter Parfums Reports 11.7% Increase in Q1 Sales
Posted: May 3, 2011
Inter Parfums, Inc. announced that net sales for the first quarter of 2011 were approximately $133.4 million, an 11.7% increase from $119.4 million in the first quarter of 2010.
“The new year started on a strong note,” said Jean Madar, chairman and CEO, Inter Parfums. “First quarter sales growth was due to a number of factors, including the Jan. 1, 2011 commencement of prestige product distribution in the U.S. by our subsidiary, Interparfums Luxury Brands. Taking over U.S. distribution contributed to the 35% increase in first quarter North American prestige product sales in local currency. Other markets that were especially strong during the period include South America and Eastern Europe, where comparable quarter sales in local currency were up 97% and 37%, respectively.”