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Inter Parfums Reports Record Q2 2012 Sales
Posted: July 24, 2012
Inter Parfums, Inc. announced that net sales for the second quarter of 2012 were approximately $145.6 million, a 20% increase from $121.1 million in the second quarter of 2011.
“The favorable trends of the first quarter continued into the second quarter with strong performances across our brand portfolio," said Jean Madar, chairman and CEO, Inter Parfums. "Compared to the same periods in 2011, Burberry sales rose 34% for the current second quarter and 21% for the first half on strong growth of established fragrances, including Burberry Body, which launched in late 2011.
"Top line growth has been especially strong in North America, the Middle East, Asia and South America, where year-to-date sales rose 56%, 40%, 22% and 35%, respectively. We have also seen significant sales growth in Eastern Europe with first half gains of 25%. Despite the slowdown in consumer spending in selected countries in Western Europe, first half sales were 10% ahead of the same period last year.”