Inter Parfums, Inc. Reports Record Second Quarter Sales.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Inter Parfums, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market: IPAR IPAR Institute for Policy Analysis and Research IPAR Intercepted Photosynthetically Active Radiation IPAR Institute of Personality Assessment and Research (now Institute of Personality and Social Research; University of California, Berkeley) ) today announced that 2005 second quarter net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight were $61.4 million, up 31% as compared to $46.7 million in the second quarter of last year. At comparable foreign currency exchange rates, net sales for the second quarter were up 28%. As such, first half 2005 net sales of $132.5 million are running 26% ahead of 2004; at comparable foreign currency exchange rates, net sales are up 24%. Inter Parfums plans to release operating results for the 2005 second quarter during the week of August 8, 2005. Jean Madar, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Inter Parfums noted, "Burberry fragrance sales continued to lead our growth, thanks in great part to the newest fragrance family, Burberry Brit. Lanvin fragrances, which were not included in first half 2004 sales, are running ahead of budget, and in the fall, our first new Lanvin fragrance, Arpege Pour Homme will debut and begin its worldwide rollout. Paul Smith London's rollout in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). and Japan has been well received following its debut in the UK, France and the U.S. in the second half of 2004. Celine Fever, which was on the market for the final weeks of the first quarter, began to rollout in the second quarter. In August, Tumulte, our new Christian
The term New Christian (cristianos nuevos in Spanish, cristãos novos Lacroix fragrance family, will debut. Finally, we have Burberry Brit Gold launching in time for holiday 2005 sales." Mr. Madar went on to say, "As reported yesterday, Inter Parfums signed an exclusive agreement for the design and manufacturing of personal care products under the Gap and Banana Republic brand names. The new products which will be sold in Gap and Banana Republic North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. stores are expected to launch at Banana Republic in the fall of 2006 and at Gap in 2007. We envision incurring staffing, product development and other start-up expenses, including those of a third-party design and marketing firm. In the second half of 2005, we anticipate that such expenses could aggregate between $1.5 million and $2.5 million. Accordingly, we expect to adjust our earnings guidance for 2005 shortly." Inter Parfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, S.T. Dupont, Paul Smith, Christian Lacroix, Celine, Diane von Furstenberg and Lanvin. The Company also has controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Nickel S.A., a men's skin care company. In addition, Inter Parfums is a leading producer and supplier of mass market fragrances, cosmetics and personal care products. The Company's products are sold in over 120 countries worldwide. Statements in this release which are not historical in nature are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from projected results. Such factors include continuation and renewal of existing license agreements, effectiveness of sales and marketing efforts and product acceptance by consumers, dependence upon management, competition, currency fluctuation and international tariff and trade barriers and governmental regulation. Given these uncertainties, persons are cautioned not to place undue reliance on the forward-looking statements. |
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