Inter Parfums, Inc. Reports Record Third Quarter Net Sales

Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended September 30, 2021, net sales rose to a record $262.7 million, a 64% increase from the third quarter of 2020, and 37% ahead of the third quarter of 2019. At comparable foreign currency exchange rates, consolidated third quarter net sales increased 72% from the third quarter of 2020 and 37% compared to the third quarter of 2019. Of note, the average dollar/euro exchange rate for the current third quarter was 1.18 compared to 1.17 and 1.11 in the third quarter of 2020 and 2019, respectively. For the first nine months of 2021, the average dollar/euro exchange rate was 1.19 and 1.13 and 1.12 for the same periods in 2020 and 2019, respectively. Inter Parfums plans to issue results for the 2021 third quarter result on or about November 8, 2021.

Net Sales:

		Three months ended September 30,
(in millions)		2021		2020		2019		21 vs 19%
European based product sales		$206.1		$129.7		$143.6		43.5%
United States based product sales		56.6		30.9		47.6		18.9%
		$262.7		$160.6		$191.2		37.4%

Net Sales:

Nine months ended September 30,