logo
Share SHARE
FONT-SIZE Plus   Neg

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Facebook (FB) announced Thursday it has agreed to release advertisements purchased by Russians in an effort to influence last year's election to congressional investigators. Calling North Korean nuclear weapons and missile development a grave threat to global peace and security, President Donald Trump announced Thursday he has signed an executive order seeking to crack down on trade with the reclusive communist nation. Come weekends and the ride sharing company Lyft in association with the beer brand Budweiser will offer free travel for short distances. The program is aimed at discouraging drunk driving on holidays. The offer of 150,000 free trips will be available in 10 states, all through the year.
comments powered by Disqus
Follow RTT