Company News, Financial News

Q1 Sales Rise 2% for Inter Parfums, Inc.

European gains impacted by sliding US sales.

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By: Christine Esposito

Editor-in-Chief

Inter Parfums, Inc. said net sales for the first quarter ended March 31, 2016 rose 2% to $111.5 million. At comparable foreign currency exchange rates, net sales increased 3%, the company said. Sales by European-based operations rose 5% to $92.1 million and sales by US-based operations declined 14% to $19.4 million compared to $22.5 million. “The top line growth in the first quarter was largely due to the extraordinary success of the Montblanc brand and the $6.4 million in incremental sale...

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