Market Overview

Inter Parfums, Inc. Reports 15.7% Increase in 2018 Second Quarter Net Sales

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Affirms 2018 Guidance

Inter Parfums, Inc. (NASDAQ GS:IPAR) today announced that for the three
months ended June 30, 2018, net sales increased 15.7% to $149.4 million
as compared to $129.1 million for the corresponding period of the prior
year. At comparable foreign currency exchange rates, consolidated second
quarter net sales increased 12.3%. Of note, the dollar/euro ratio for
the current second quarter is 1.19, up 8% from 1.10 in the second
quarter of 2017. Inter Parfums plans to issue results for the 2018
second quarter on or about August 7, 2018.

Net Sales:

   

Three months ended

Six Months Ended

June 30,

June 30,

2018

 

2017

  % Change

2018

 

2017

  % Change
($ in millions)
 
European based product sales $ 115.6 $ 106.8 8.3 % $ 265.1 $ 226.5 17.1 %
United States based product sales   33.8     22.3   50.8 %   56.0     45.7   22.5 %
$ 149.4   $ 129.1   15.7 % $ 321.1   $ 272.2   18.0 %
 

Discussing European based operations Jean Madar, Chairman & CEO of Inter
Parfums stated, "The top line growth during the second quarter is
primarily due to strong sales of established scents and brand extensions
by several of our largest brands, notably Jimmy Choo, Coach and Lanvin,
with comparable quarter sales increasing 8.2%, 98.5% and 7.1%,
respectively. In addition, two of our smaller European brands, Karl
Lagerfeld and Boucheron, achieved exceptional sales growth during the
quarter. After turning in a 33% increase in Montblanc brand sales in the
first quarter, comparable quarter sales for our largest brand declined
9.8% in the second quarter but are ahead nearly 12% for the first half.
We are looking forward to the launch of Jimmy Choo Fever in the
second half and its contribution to brand and overall sales growth."

On the subject of U.S. based operations, Mr. Madar continued, "The
inclusion of legacy GUESS fragrances starting toward the end of the
second quarter factored into the nearly 51% increase in net sales. We
naturally expect sales of GUESS brand fragrances to increase in the
second half. Also factoring into the second quarter sales growth was the
successful launch of two brand extensions for the Abercrombie & Fitch First
Instinct
fragrance family. Additionally, Anna Sui, Dunhill, and
Oscar de la Renta produced significant comparable quarter sales gains.
For Anna Sui and Dunhill, we expanded existing collections with
flankers, and for Oscar de la Renta, the new Bella Blanca scent
helped grow brand sales."

The Company also pointed out that its fragrance license agreement with
Van Cleef & Arpels was recently extended for an additional six years
until December 31, 2024.

AFFIRMS 2018 GUIDANCE

Russell Greenberg, Executive Vice President & Chief Financial Officer
stated, Mr. Greenberg noted, "We continue to expect net sales to
approximate $665 million resulting in $1.59 in net income per diluted
share attributable to Inter Parfums, Inc. Guidance assumes the dollar
remains at current levels."

Founded more than 30 years ago, Inter Parfums, Inc. is a premier
fragrance company with a diverse portfolio of prestige brands that
includes Abercrombie & Fitch, Agent Provocateur, Anna Sui, bebe,
Boucheron, Coach, Dunhill, Graff, GUESS, Hollister, Jimmy Choo, Karl
Lagerfeld, Lanvin, Montblanc, Oscar de la Renta, Paul Smith, Repetto,
Rochas, S.T. Dupont and Van Cleef & Arpels. The fragrance products
developed, produced and distributed by Inter Parfums are sold in more
than 100 countries throughout the world.

Statements in this release which are not historical in nature are
forward-looking statements. Although we believe that our plans,
intentions and expectations reflected in such forward-looking statements
are reasonable, we can give no assurance that such plans, intentions or
expectations will be achieved. In some cases you can identify
forward-looking statements by forward-looking words such as
"anticipate," "believe," "could," "estimate," "expect," "intend," "may,"
"should," "will," and "would," or similar words. You should not rely on
forward-looking statements, because actual events or results may differ
materially from those indicated by these forward-looking statements as a
result of a number of important factors. These factors include, but are
not limited to, the risks and uncertainties discussed under the headings
"Forward Looking Statements" and "Risk Factors" in Inter Parfums' annual
report on Form 10-K for the fiscal year ended December 31, 2017 and the
reports Inter Parfums files from time to time with the Securities and
Exchange Commission. Inter Parfums does not intend to and undertakes no
duty to update the information contained in this press release.

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