Inter Parfums, Inc. Releases Third Quarter Results

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