Inter Parfums, Inc. Reports 7.9% Increase in 2019 Third Quarter Net Sales

About this update from Interparfums, Inc.

[{"type":"text","content":"\nAffirms 2019 Guidance and Schedules November 20, 2019 for Release of Initial 2020 Guidance\n\n NEW YORK--(BUSINESS WIRE)--\nInter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended September 30, 2019, net sales increased 7.9% to $191.2 million as compared to $177.2 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated third quarter net sales increased 9.7%. Of note, the average dollar/euro exchange rate for the 2019 third quarter is 1.11 compared to 1.16 in the third quarter of 2018, and 1.12 and 1.19 for the nine months ended September 30, 2019 and 2018, respectively. Inter Parfums plans to issue results for the 2019 third quarter on or about November 5, 2019 and initial guidance for 2020 on Wednesday, November 20, 2019 after the close of the stock market.\n\n\n\n\nNet Sales:\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nThree months ended\n\n\nSeptember 30,\n\n\n\n\nNine Months Ended \n\n\nSeptember 30, \n\n\n\n\n\n \n\n\n\n\n2019\n\n\n\n\n2018\n\n\n\n\n% Change\n\n\n\n\n2019\n\n\n\n\n2018\n\n\n\n\n% Change\n\n\n\n\n\n \n\n\n\n\n($ in millions)\n\n\n\n\n\n \n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\nEuropean based product sales\n\n\n\n\n$143.6\n\n\n\n\n$137.8\n\n\n\n\n4.2%\n\n\n\n\n$412.9\n\n\n\n\n$402.8\n\n\n\n\n2.5%\n\n\n\n\n\nUnited States based product sales\n\n\n\n\n47.6\n\n\n\n\n39.4\n\n\n\n\n20.7%\n\n\n\n\n122.8\n\n\n\n\n95.5\n\n\n\n\n28.6%\n\n\n\n\n\n \n\n\n\n\n$191.2\n\n\n\n\n$177.2\n\n\n\n\n7.9%\n\n\n\n\n$535.7\n\n\n\n\n$498.3\n\n\n\n\n7.5%\n\n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n\nDiscussing the largest brands within European based operations, Jean Madar, Chairman & CEO of Inter Parfums stated, “Montblanc turned in an extraordinary quarter with sales growth of 32.2%, attributable to both the excellent response to the brand’s newest scent, Montblanc Explorer, along with continued strong sales of the brand’s founding fragrance Montblanc Legend. For Jimmy Choo fragrances, the flankers rolled out at the end of 2018 and early 2019 contributed to solid gains of more than 10%, bolstered by the good start of the men's line, Jimmy Choo Urban Hero, launched in the third quarter. The 3.4% decline in Coach brand sales was primarily due to the high bar set in last year’s third quarter when brand sale...

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