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nter Parfums, Inc. announced record results for the fourth quarter and year that ended Dec. 31, 2007.
March 11, 2008
By: TOM BRANNA
Editor
Inter Parfums, Inc. announced record results for the fourth quarter and year that ended Dec. 31, 2007. For the fourth quarter, net sales rose 32% to $119.4 million. Sales by European-based operations were $96.6 million, up 37%, while U.S.-based operations generated $22.8 million in sales, up 15% from 2006. Gross margin rose to 58% from 54% due to the operations of the company’s majority-owned distribution subsidiaries and higher margins generated by U.S. based specialty retail products; while...
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