Inter Parfums Inc. (IPAR) announced that net sales for the fourth quarter were about $113.6 million, a 13% increase from $100.4 million in the prior year quarter. At comparable foreign currency exchange rates, net sales for the quarter up 3%.
Analysts polled by Thomson Reuters expected the company to report revenues of $104.96 million for the quarter. Analysts' estimates typically exclude special items.
Inter Parfums also announced that its Board of Directors has approved a 100% increase in the quarterly cash dividend to $0.065 per share, which brings the annual cash dividend to $0.26 per share.
Looking ahead, the company confirms 2009 guidance for net income attributable to Inter Parfums of about $22.3 million or $0.74 per diluted share. Analysts predict the company to report earnings of $0.75 per share for 2009.
For 2010, the company still expects $440.0 million in net sales resulting in net income attributable to Inter Parfums of about $23.5 million, or $0.78 per diluted share. Analysts estimate the company to report earnings of $0.80 per share on revenue of $440.50 million for 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.