Market Overview

Inter Parfums, Inc. Reports 4.5% Increase in 2018 Third Quarter Sales

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Affirms 2018 Sales Guidance and
Increases 2018 Earnings Guidance

Inter Parfums, Inc. (NASDAQ GS:IPAR) today announced that for the three
months ended September 30, 2018, net sales increased 4.5% to $177.2
million as compared to $169.5 million for the corresponding period of
the prior year. At comparable foreign currency exchange rates,
consolidated third quarter net sales increased 5.4%. Inter Parfums plans
to issue results for the 2018 third quarter after the close of the
market on November 5, 2018.

 

Net Sales:

 
     

Three months ended
September 30,

   

Nine Months Ended
September 30,

 

2018  

 

2017

    % Change 2018     2017     % Change
($ in millions)
 
European based product sales $137.8 $134.6 2.4% $402.8 $361.0 11.6%
United States based product sales 39.4 34.9 12.9% 95.5 80.7 18.4%
$177.2 $169.5 4.5% $498.3 $441.7 12.8%
 

Discussing European based operations, Jean Madar, Chairman & CEO of
Inter Parfums stated, "Although there were no major launches in the
current third quarter two of our largest brands, Jimmy Choo and Coach,
achieved substantial comparable quarter growth. The rollout of Jimmy
Choo Fever in the summer fueled the brand's 19.7% sales gain,
while the 40.9% increase in Coach sales was driven by the continued
popularity of the Coach signature lines for women and men launched in
2016 and 2017, respectively, as well as the success of flankers, Coach Floral and
Coach Platinum, that rolled out in 2018. Despite no major
launches this year, Montblanc, Lanvin and Rochas year-to-date net sales
are running slightly ahead of the first nine months of last year. We are
also in the process of launching Rochas Moustache, our first new
men's scent for the brand."

Discussing the nearly 13% increase in third quarter sales by U.S. based
operations, Mr. Madar continued, "The inclusion of GUESS legacy
fragrances produced a boost to our sales. There was also top line growth
in Abercrombie & Fitch and Hollister brand sales, attributable in great
part to the recent launches of First Instinct brand extensions
and the Festival Vibes duo, respectively. With the popularity of
Anna Sui fragrances throughout Asia, we continue to enjoy dramatic
increases in brand sales in that region."

Mr. Madar also pointed out, "We have a very active launch schedule for
the coming year with new products rolling out for Montblanc, Jimmy Choo,
Lanvin, Coach and Rochas for European based operations and for Dunhill,
GUESS, and Abercrombie & Fitch for U.S. based operations."

Guidance

Russell Greenberg, Executive Vice President and Chief Financial Officer,
concluded, "Our full year 2018 sales guidance remains unchanged as we
continue to anticipate approximately $665 million in net sales. However,
we now anticipate net income per diluted share attributable to Inter
Parfums, Inc. to come in at approximately $1.61. Guidance assumes the
dollar remains at current levels. In addition, we have scheduled
November 12, 2018, after the close of the market, for the release of our
initial 2019 guidance."

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, 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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