Inter Parfums European operations achieves sales of $83.9 mn
12 Aug '08
3 min read
Russell Greenberg, Executive Vice President & CFO added, “It bears repeating that our business has become increasingly seasonal due to the timing of shipments by our majority-owned distribution subsidiaries to their customers and because delivery schedules for our U.S. specialty retail customers are weighted toward the second half.
Thus, we are track to meet our 2008 guidance with net sales of approximately $460 million and net income of approximately $26.8 million or $0.87 per diluted share. Our guidance assumes the dollar remains at current levels.”
The Company's regular quarterly cash dividend of $0.033 per share will be payable on October 15, 2008 to shareholders of record on September 30, 2008.
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