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Record First Quarter Results at Inter Parfums, Inc.

Net sales jump 45%, net income up 50%

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By: Jamie Matusow

Editor-in-Chief

Inter Parfums, Inc. posted record results for the first quarter ended March 31, 2008. As compared to the first quarter last year, net sales rose 45% to $123.2 million from $85.1 million; at comparable foreign currency exchange rates, net sales were up 35% for the period; European-based operations achieved sales of $110.6 million, a 46% increase; sales by U.S.-based operations rose 31% to $12.6 million.
Net income increased 50% to $8.7 million from $5.8 million in 2007.

As previously reported, the company has expanded its current relationship with Gap Inc. to include a licensing agreement for international distribution of personal care products through Gap and Banana Republic stores as well as select specialty and department stores outside the U.S., including duty-free and other travel related retailers.

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