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Inter Parfums Q1 Net Sales Up 24%

Fragrance manufacturer Inter Parfums, Inc. (IPAR) reported a 24 percent increase in first-quarter net sales to about $165.4 million from $133.4 million a year ago.

On average, 4 analysts polled by Thomson Reuters expected revenues of $153.83 million for the quarter.

Sales by the company's European based operations increased 19 percent to $145.2 million from $121.6 million last year, while sales by the U.S. based operations increased 71 percent to $20.2 million from $11.8 million a year ago.

The company noted that it plans to issue results for the first quarter on or about May 9.

by RTT Staff Writer

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