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Net sales increase 4% due, in part, to new fragrance launches.
May 8, 2024
By: Lianna Albrizio
Associate Editor
Net Sales for Inter Parfums, Inc. increased 4% in Q1 2024 from the prior-year quarter, from $312 million to $324. Sales performance was attributed to the introductions of new products, per company CEO Jean Madar. “We delivered a healthy operating margin of 21% for the quarter, in-line with our expectations,” said Madar. “The 29% operating margin in the 2023 first quarter was exceptionally high due to a large pipeline of new product launches combined with low advertising and...
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