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Q3 Sales Fall at Inter Parfums

European and US markets go in different directions.

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By: TOM BRANNA

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Inter Parfums reported that third quarte sales fell 3.2% to $166.3 million European-based operations generated sales of $148.6 million, down 4%, while sales by U.S.-based operations rose 4% to $17.7 million. Meanwhile, gross margin slipped to 60.8% from 62.5% a year ago, and net income fell from $10.4 million to $10 million. Through the first nine months of 2012, net sales rose 12% to $477.2 million and net income increased 11.8% to $31.5 million or $1.03 per basic and diluted share from $2...

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