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
Canadian power company Emera has agreed to buy Teco Energy Inc for $27.55 per share in cash as part of efforts to expand into Florida and New Mexico. The announcement sent Teco shares surging 28 percent in after-hours trade on the New York Stock Exchange. Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the...
comments powered by Disqus
RELATED NEWS
Trade IPAR now with 
Follow RTT