120 0 Kommentare Inter Parfums, Inc. Reports 2020 Third Quarter Net Sales - Seite 3

On the subject of U.S. based operations, Mr. Madar continued, “As compared to the second quarter, there has been dramatic improvement by our U.S. brands, even though sales have been hampered by the lack of new product launches this year. Notably, our largest U.S. brand, GUESS, had its Bella Vita blockbuster launch rescheduled until next year. We also postponed the major launch of Anna Sui Sky. The 2021 new product pipeline is especially rich, and therefore we anticipate considerable sales gains over the current year.”

RAISES 2020 GUIDANCE
Russell Greenberg, Executive Vice President and CFO of Inter Parfums, Inc. noted, “With the pace of orders picking up and sales to date far exceeding our previous forecast, we are raising our 2020 guidance. We now look for net sales to come in between $495 million and $500 million and for net income attributable to Inter Parfums, Inc. per diluted share to be in the range of $0.80 and $0.84. Guidance assumes that the average dollar/euro exchange rate remains at current levels. Nonetheless, business visibility is still very challenging throughout the 120 countries where our products are sold, and so we have decided to delay the release of 2021 guidance until Tuesday, December 1, 2020, after the close of the market.”

Founded in 1982, Inter Parfums, Inc. develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Dunhill, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade New York, MCM, Moncler, Montblanc, Oscar de la Renta, Paul Smith, Repetto, S.T. Dupont and Van Cleef & Arpels. Inter Parfums is also the owner of Lanvin fragrances and the Rochas brand. Through its global distribution network, the Company’s products are sold in over 120 countries.

Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. In some cases you can identify forward-looking statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would," or similar words. You should not rely on forward-looking statements, because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Inter Parfums' annual report on Form 10-K for the fiscal year ended December 31, 2019, the Quarterly Report on Form 10-Q filed for the second quarter of 2020 and the additional reports Inter Parfums files from time to time with the Securities and Exchange Commission. Inter Parfums does not intend to and undertakes no duty to update the information contained in this press release.