Home / Knowledge / News / Fashion / Prestige product sales perk up Inter Parfums Q2 gross margin

Prestige product sales perk up Inter Parfums Q2 gross margin

12
Aug '05
New York based leading perfume maker and distributor Inter Parfums Inc reported second quarter 2005 results.

Second Quarter 2005 Compared to Second Quarter 2004:

-Net sales increased 31 percent to $61.3 million from $46.7 million. At comparable foreign currency exchange rates, second quarter net sales were 28 percent ahead of last year's second quarter;

-Gross margin rose to 56 percent of net sales, as compared to last year's 51 percent; the increase is primarily due to the continued growth in higher margin prestige product sales; S, G & A as a percentage of sales rose to 45 percent from 36 percent for the corresponding period of the prior year; and,

-Net income declined 6 percent to $3.2 million or $0.16 per diluted share from $3.4 million or $0.17 per diluted share.

-Net sales for the six months ended June 30, 2005 increased 26 percent to $132.4 million from $105.1 million in the first half of 2004; in constant dollars, net sales were up 24 percent for the period. Net income for the first half of this year was $7.6 million or $0.37 per diluted share as compared to $8.2 million or $0.40 per diluted share in the first half of 2004.

Jean Madar, Chairman & CEO, stated, "Prestige product sales, which represented 88 percent of net sales, increased 44 percent over last year's second quarter, while mass market sales declined 19 percent. As reported last month, much of top line growth is due to Burberry fragrances. The balance is due to the inclusion and strong performance of Lanvin fragrances, latest Paul Smith and Celine fragrances which were launched in the third quarter 2004 and second quarter 2005, respectively, and higher sales of Nickel products, particularly in Europe. "


Must ReadView All

Pic: Azamat Imanaliev / Shutterstock.com

Apparel/Garments | On 13th Apr 2021

Output & profit of Chinese garment firms rise in Jan-Feb '21

Showing further recovery, garment enterprises in China saw their...

Pic: Shutterstock

Textiles | On 13th Apr 2021

Israel unveils new plan to set up recycling centres

As a part of a strategic national programme for municipal waste...

Pic: Shutterstock

Apparel/Garments | On 13th Apr 2021

Increasing scrutiny to create challenges for apparel industry: Moody's

Apparel production practices have a significant impact on the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Anurag Mohota,

Anurag Mohota

Located in the heart of cotton growing belt of India, Gimatex is a...

KK Lalpuria,

KK Lalpuria

Indo Count Industries is an India-based home textile company engaged in...

Ismail Ajani,

Ismail Ajani

Hollywood Footwear’s story began in 1946 when Jummabhai Ajani started the...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search