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: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


February 2020

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


Advanced Search