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Highs and Lows at Inter Parfums in 4Q, 2008 Report

Management also revises its 2009 guidance

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By: TOM BRANNA

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Inter Parfums, Inc. posted results for the fourth quarter and year ended Dec. 31, 2008. In the fourth quarter, net sales declined nearly 16% to $100.4 million; while sales in European-based operations slipped 14% to $83.2 million, and U.S.-based operations dropped 24% to $17.2 million. For the full year 2008, net sales rose 15% to $446.1 million. European-based operations were up 17% to $386.4 million, whileU.S.-based operations went up 1% to $59.7 million. As a result of the global ec...

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