Inter Parfums Q2 Sales up 20% YoY; Raises 2012 Guidance to $632M vs $639.21M Est
Inter Parfums, Inc. (NASDAQ: IPAR) today announced that net sales for the second quarter of 2012 were approximately $145.6 million, a 20% increase from $121.1 million in the second quarter of 2011. At comparable foreign currency exchange rates, second quarter net sales were up approximately 29%. Inter Parfums plans to issue its results for the second quarter of 2012 on or about August 8, 2012.
Russell Greenberg, Executive Vice President & Chief Financial Officer stated, “Based upon our performance thus far this year, our expectations for the second half and the strength of the dollar relative to the euro, which was 15% higher on June 30, 2012, as compared to June 30, 2011, we are increasing our 2012 sales guidance to $632 million. We are likewise increasing our guidance for net income attributable to Inter Parfums, Inc. to approximately $35.9 million or $1.17 per diluted share. Our guidance assumes the dollar remains at current levels.”
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.