Inter Parfums, Inc. (NASDAQ GS:IPAR) today announced that for the three months ended September 30, 2013, net sales of the Company’s ongoing brands (excluding Burberry brand sales) increased 45% to $126.8 million, as compared to $87.0 million for the corresponding period of the prior year, with strong growth in both its European and U.S.-based operations. Consolidated third quarter 2013 net sales declined 24% when Burberry sales are included in the prior year period. At comparable foreign currency exchange rates, consolidated net sales also declined 24%. Inter Parfums plans to issue results for the third quarter of 2013 on or about November 6, 2013.
|Three Months Ended September 30,||Nine Months Ended September 30,|
|2013||2012||% Change||2013||2012||% Change|
|($ in millions)|
|European-based product sales||$ 98.1||$||148.6||(34||)%||$||385.9||$||419.4||(8||)%|
|United States-based product sales||28.7||17.7||62||%||72.2||57.8||25||%|
Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. In some cases you can identify forward-looking statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would," or similar words. You should not rely on forward-looking statements because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Inter Parfums' annual report on Form 10-K for the fiscal year ended December 31, 2012 and the reports Inter Parfums files from time to time with the Securities and Exchange Commission. Inter Parfums does not intend to and undertakes no duty to update the information contained in this press release.Regulation G, “Conditions for Use of Non-GAAP Financial Measures,” prescribes the conditions for use of non-GAAP financial information in public disclosures. The Company believes that our presentation of the non-GAAP financial information included in this release is important supplemental measures of operating performance to investors.