Inter Parfums, Inc. Reports 2020 Second Quarter Net Sales

Nachrichtenquelle: Business Wire (engl.)
22.07.2020, 22:05  |  117   |   |   

Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended June 30, 2020, net sales declined 70.2% to $49.5 million from $166.2 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated second quarter net sales declined 69.8%. Of note, the average dollar/euro exchange rate for the current second quarter is 1.10 compared to 1.12 compared in the second quarter of 2019. Inter Parfums plans to issue results for the 2020 second quarter on or about August 10, 2020.

Net Sales:

(in millions)

Three months ended
June 30,

Six Months Ended
June 30,

 

2020

2019

% Change

2020

2019

% Change

 

($ in millions)

 

 

 

European based product sales

$

39.4

$

125.6

(68.6

)%

$

153.5

$

269.3

(43.0

)%

United States based product sales

 

10.1

 

40.6

(75.2

)%

 

40.8

 

75.2

(41.6

)%

 

$

49.5

$

166.2

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