Discussing U.S.-based operations, Mr. Madar pointed out, “The comparable quarter increase in third quarter sales reflects a strong performance for specialty retail products in international markets as well as initial shipments of our new Betsey Johnson and bebe fragrance products.”Russell Greenberg, Executive Vice President & Chief Financial Officer stated, “Based upon year-to-date sales levels and expectations for the final quarter of this year, we are raising our 2011 sales guidance to approximately $570.0 million, from approximately $550.0 million. Our guidance for net income attributable to Inter Parfums, Inc. remains at $32.5 million or $1.05 per diluted share due to the high level of advertising and promotional expenses planned for the final quarter of 2011. Guidance assumes the dollar remains at current levels.”
Inter Parfums, Inc. Reports 42% Increase In Third Quarter Sales And Increases 2011 Sales Guidance
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.