|Three months ended June 30,||Six Months Ended June 30,|
|2016||2015||% Change||2016||2015||% Change|
|($ in millions)|
|European based product sales||$88.6||$77.1||14.8%||$180.7||$163.9||10.3%|
|United States based product sales||28.6||24.9||14.8%||48.0||47.4||1.3%|
2016 GuidanceRussell Greenberg, Executive Vice President & Chief Financial Officer stated, "We are still on track to achieve 2016 net sales of between $500 million to $510 million. As previously reported, our 2016 results include the effect of a pending settlement of a $1.9 million tax assessment with the French Tax Authorities. Excluding the impact of the nonrecurring tax settlement, net income attributable to Inter Parfums, Inc. is expected to be in the range of $1.05 and $1.10 per diluted share. Inclusive of the tax settlement, net income attributable to Inter Parfums, Inc. is expected to come in between $1.01 and $1.06 per diluted share." Guidance assumes the dollar remains at current levels. Founded more than 30 years ago, Inter Parfums, Inc. is a premier fragrance company with a diverse portfolio of prestige brands that includes Abercrombie & Fitch, Agent Provocateur, Anna Sui, Balmain, Banana Republic, bebe, Boucheron, Coach, Dunhill, Hollister, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Oscar de la Renta, Paul Smith, Repetto, Rochas, Shanghai Tang, S.T. Dupont and Van Cleef & Arpels. The fragrance products developed, produced and distributed by Inter Parfums are sold in more than 100 countries throughout the world. 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, 2015 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.