Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the third quarter of 2011 were approximately $171.7 million, a 42% increase from $120.9 million in the third quarter of 2010. At comparable foreign currency exchange rates, third quarter net sales were up 36%. Inter Parfums plans to issue its results for the third quarter of 2011 on or about November 9, 2011.
|Three months ended September 30,||Nine Months Ended September 30,|
|2011||2010||% Change||2011||2010||% Change|
|($ in millions)|
|European-based product sales||$||154.7||$||109.2||41.7||%||$||382.8||$||309.4||23.7||%|
|United States-based product sales||17.0||11.7||45.9||%||43.3||38.6||12.4||%|
Discussing European-based operations Jean Madar, Chairman & CEO of Inter Parfums noted, “Burberry fragrance sales were up 30% for the quarter due in great part to the global launch of Burberry Body. Other factors contributing to the sales increase include the continued strong momentum of the Jimmy Choo and Montblanc fragrance launches and the inclusion of Interparfums Luxury Brands, our U.S. distribution subsidiary which began operations at the start of the year.”
Mr. Madar went on to say, “We were very pleased by the continued strength in certain markets with third quarter sales in local currency holding steady in Western Europe while increasing 55% and 64% in South America and Asia, respectively.”
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