Inter Parfums, Inc. Reports 2020 First Quarter Sales

Nachrichtenquelle: Business Wire (engl.)
22.04.2020, 22:05  |  122   |   |   

Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported that for the three months ended March 31, 2020, net sales declined 18.7% to $144.8 million from $178.2 million in the first quarter of 2019. At comparable foreign currency exchange rates, consolidated first quarter net sales declined 17.8%. The average dollar/euro exchange rate for the current and prior year’s first quarter was 1.10 and 1.14, respectively. Inter Parfums plans to issue results for the 2020 first quarter on or about May 11, 2020.

Net Sales:

 

Three months ended

March 31,

(in millions)

2020

2019

% Change

 

 

European based product sales

$114.1

$143.7

(20.6)%

United States based product sales

30.7

34.5

(10.9)%

 

$144.8

$178.2

(18.7)%

 

 

 

 

 

Jean Madar, Chairman & CEO of Inter Parfums noted, “The exceptional sales growth by two of our largest brands, Coach and GUESS, helped offset the decline in most other brand sales. The launch of Coach Dreams early in the year helped boost brand sales by 35.9% and for GUESS, sales of existing scents and brand extensions launched in 2019 accounted for most of the 28.9% increase. Comparable quarter sales declined for our other major brands following the closure of virtually all points of sale throughout the world due to the global COVID-19 pandemic. In addition, for certain major brands like Montblanc and Jimmy Choo, the 9.9% and 25.8% respective increases in brand sales for the 2019 first quarter established a high benchmark in 2020.”

Seite 1 von 3
Inter Parfums Aktie jetzt ab 0€ handeln - auf Smartbroker.de



Diesen Artikel teilen

0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

Meistgelesene Nachrichten des Autors

Titel
Titel
Titel
Titel