Company News, Financial News

Net Sales Soar in First Quarter for Inter Parfums, Inc.

Sales went up 26% to a first quarter record of $250.7 million versus $198.5 million in the prior-year quarter.

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By: Lianna Albrizio

Associate Editor

Net sales for Inter Parfums, Inc. rose 26% for the three months ended March 31, 2022, to a first quarter record of $250.7 million from $198.5 million in the same period last year.    At comparable foreign currency exchange rates, consolidated first quarter net sales increased 30%. The average dollar/euro exchange rate for the current first quarter was 1.12 compared to 1.20 In the first quarter of 2021.   “The current first quarter was exceptionally strong with significant sales g...

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