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Net sales decline 18.7%, largely due to the impact of COVID-19.
April 23, 2020
By: Happi Staff
On April 22, Inter Parfums Inc. reported that for the three months ended March 31, 2020, net sales declined 18.7% to $144.8 million from $178.2 million in the first quarter of 2019. Inter Parfums plans to issue results for the 2020 first quarter on or about May 11, 2020. Coach and Guess, two of Inter Parfums’ largest brands, experienced strong growth, but comparable quarter sales declined for its other major brands following the closure of virtually all points of sale throughout the world due ...
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