Inter Parfums, Inc. Reports 2019 Fourth Quarter and Full Year Sales

Inter Parfums, Inc. (NASDAQ GS:IPAR) today announced that for the three months ended December 31, 2019, net sales were $177.8 million, up 0.3% from $177.2 million in the final quarter of 2018. At comparable foreign currency exchange rates, consolidated fourth quarter net sales increased 1.5%. For the full year, net sales rose 5.6% to a record $713.5 million from $675.6 million in 2018. At comparable foreign currency exchange rates, consolidated 2019 net sales increased 7.8%. Of note, the average dollar/euro exchange rate for the 2019 fourth quarter is 1.11 compared to 1.14 in the fourth quarter of 2018. For the full years ended December 31, 2019 and 2018 the average dollar/euro exchange rates were 1.12 and 1.18, respectively. Inter Parfums plans to issue results for the 2019 fourth quarter and full year on or about Monday, March 2, 2020.

Net Sales:

           

 

Three months ended

 

Year Ended

December 31,

 

December 31,

 

2019

 

2018

 

% Change

 

2019

 

2018

 

% Change

 

($ in millions)

 

 

 

 

 

 

 

 

 

 

 

 

European based product sales

$129.1

 

$134.8

 

(4.2)%

 

$542.1