Company News

Inter Parfums Announces Q2 Financials

Author Image

By: TOM BRANNA

Editor

Inter Parfums Inc. announced that net sales for the second quarter 2004 were $46.7 million, up 13%from $41.4 million a year ago. Gross margin was 51% of net sales, compared to last year’s 49%.This increase was primarily due to continued growth in higher margin prestige product sales, according to company executives.S,G&A as a percentage of sales was 36%, up from 35% for the year-ago period. Net incomeincreased 16% to $3.4 million and diluted EPS rose 13% to $0.17, as compared to $0.15...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters