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Inter Parfums, Inc. Releases Third Quarter Results

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Inter Parfums' third quarter 2015 compared to third quarter 2014:

  • Net sales were $138.9 million, up 3.5% compared to $134.2 million; at comparable foreign currency exchange rates, net sales increased 11.4%;
  • Sales by European based operations rose 6.5% to $110.1 million from $103.4 million; at comparable foreign currency exchange rates, net sales increased 16.8%;
  • U.S. based operations generated net sales of $28.8 million, down 6.5% compared to $30.8 million;
  • Gross margin was 61.8% of net sales compared to 56.1%;
  • S,G&A expense as a percentage of net sales was 41.9% compared to 42.2%;
  • Operating income rose 48% to $27.6 million compared to $18.7 million;
  • Net income attributable to Inter Parfums, Inc. rose 28% to $14.2 million or $0.46 per diluted share, compared to $11.1 million or $0.36 per diluted share