Posted: October 23, 2014
Inter Parfums, Inc. announced that for the three months ended September 30, 2014, net sales of the company’s ongoing brands (excluding Burberry brand sales) increased 6.0% to $134.2 million, as compared to $126.6 million for the corresponding period of the prior year.
Discussing European-based operations Jean Madar, chairman and CEO of Inter Parfums noted, “Once again, new fragrance introductions helped drive sales of our three largest brands. Jimmy Choo sales rose 23% due in part to the successful launch of Jimmy Choo Man and the continued popularity of the brand’s signature scent. Montblanc brand sales were up 10% with the spring launch of the new men’s line, Emblem, along with steady gains from the brand’s Legend fragrances. The introduction of our first Karl Lagerfeld fragrances for men and women over the summer also contributed to top line growth, adding $3.7 million in incremental third quarter sales.
“Our U.S.-based operations performed well during the third quarter, posting a 7% increase in sales. Agent Provocateur was a contributor to this growth, with the spring launches of Fatale and Fatale Pink in international markets followed by an exclusive U.S. launch at Saks Fifth Avenue. Alfred Dunhill brand sales also improved on sales of its legacy fragrances along with Desire Black, which launched in the spring. Additionally, the incremental contribution of Oscar de la Renta fragrances helped to lift sales in the third quarter.”
Russell Greenberg, executive vice president and CFO stated, “Based upon our year-to-date performance, our expectations for the fourth quarter, and despite the recent strength of the U.S. dollar versus the Euro, we are reaffirming our 2014 guidance of $495 million in sales which represents nearly 15% growth of our ongoing brands.”