Inter Parfums, Inc. Reports 2019 Fourth Quarter and Full Year Sales - Seite 2

 

$537.6

 

0.8%

United States based product sales

48.7

 

42.4

 

14.7%

 

171.4

 

138.0

 

24.3%

 

$177.8

 

$177.2

 

0.3%

 

$713.5

 

$675.6

 

5.6%

Jean Madar, Chairman & CEO of Inter Parfums stated, “2019 was a record year for sales, achieved despite the depressing effect of a strong dollar and the small number of major launches compared to prior years. We also count among of our other major accomplishments the addition of two new important names, Kate Spade New York and MCM, as well as the extension of our license for the Oscar de la Renta brand.”

On the subject of European based product sales, Mr. Madar noted, “Our largest brand, Montblanc, grew full year sales by close to 22.7% with the excellent performance of the new Montblanc Explorer scent as well as the continued strength of the brand’s Legend fragrance family. In constant dollars, Jimmy Choo brand sales were up slightly, however, due to the strengthening of the dollar, brand sales for our second largest brand, were down nominally in actual dollars. Coach brand sales were also down slightly in 2019 in actual dollars but ahead of 2018 in constant dollars; of note, Coach brand sales in 2018 were 73.3% ahead of the prior year. Two of our mid-sized brands, Karl Lagerfeld and Van Cleef & Arpels, achieved year-over-year sales growth of 5.0% and 6.8%, respectively.”

On the subject of U.S. based operations, Mr. Madar noted, “GUESS fragrances had an extraordinary year due to the addition of two brand extensions, 1981 Los Angeles and Seductive Noir, the continued popularity of legacy scents and the success of our international distribution and marketing programs. Also contributing to the more than 24% top line growth by U.S. operations were Abercrombie & Fitch and Hollister, both of which achieved significant sales growth spurred by the launch of the Authentic fragrance duo for Abercrombie and Fitch and brand extensions for the Wave and Festival fragrance families for Hollister. Oscar de la Renta fragrance sales rose slightly, supported by legacy scents and our growing Bella fragrance family.”