Inter Parfums Inc. Announces Sales Results for the Fourth Quarter and Full Year 2011; Reaffirms Earnings Guidance for the Year 2011 and Provides Earnings Guidance for the Year 2012
January 25, 2012 at 10:13 am
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Inter Parfums Inc. announced sales results for the fourth quarter and full year 2011. For the quarter, the company reported that net sales were approximately $189.1 million, a 68% increase from $112.5 million in the fourth quarter of 2010. At comparable foreign currency exchange rates, fourth quarter net sales were up 61%.
For full year 2011, net sales rose 34% to $615.2 million compared to $460.4 million in last year and exceeding management's guidance of $570.0 million. At comparable foreign currency exchange rates, 2011 net sales were up 28%.
The company also reported that it is maintaining its 2011 guidance for net income attributable to the company of approximately $32.5 million or $1.05 per diluted share, as a result of significant advertising and promotional expenditures incurred.
For fiscal 2012, the company expects net sales of approximately $625.0 million and net income attributable to the company of approximately $35.7 million, or $1.16 per diluted share.
Inter Parfums, Inc. manufactures, markets and distributes a range of fragrance and fragrance related products. The Company has two segments. The Company produces and distributes its fragrance products under license agreements with brand owners, and fragrance product sales through its European based operations segment. It has built a portfolio of brands, which include Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T. Dupont, and Van Cleef & Arpels, whose products are distributed in approximately 120 countries around the world. Its brand fragrance products are also produced and marketed through its United States based operations. These fragrance products are sold under trademarks owned by the Company or pursuant to license or other agreements with the owners of brands, which include Abercrombie & Fitch, Anna Sui, Donna Karan, DKNY, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, and Ungaro.
Inter Parfums Inc. Announces Sales Results for the Fourth Quarter and Full Year 2011; Reaffirms Earnings Guidance for the Year 2011 and Provides Earnings Guidance for the Year 2012