Market Overview

Inter Parfums, Inc. Provides Initial 2019 Guidance with Record Sales and Earnings


Inter Parfums, Inc. (NASDAQ GS:IPAR) today announced initial 2019
guidance, which calls for net sales of approximately $705 million,
resulting in net income attributable to Inter Parfums, Inc. of
approximately $1.81 per diluted share. Guidance assumes an average
dollar/euro exchange rate of 1.14 for 2019, down 5% as compared to the
exchange rate of 1.20 through September 30, 2018.

Russell Greenberg, Executive Vice President & Chief Financial Officer of
Inter Parfums, stated, "Our initial 2019 sales guidance implies a 6%
year-over-year increase based upon our 2018 net sales guidance of $665
million. The projected strengthening of the dollar masks what would have
been closer to a 9% increase in net sales in constant dollars. While a
strong U.S. dollar has a negative impact on our net sales, it favorably
impacts gross margin, because over 45% of net sales of our European
operations are denominated in U.S. dollars, while almost all associated
costs are incurred in euro. As such, we are looking for 2019 net income
per diluted share attributable to Inter Parfums, Inc. to increase 12.4%
using $1.61, our 2018 estimate, as a base."

Jean Madar, Chairman and Chief Executive Officer, commented, "The
increase in projected net sales reflects contributions made by fragrance
launches, brand extensions and just as important, the staying power of
many of our well-established best sellers. With regard to our largest
brands within our European operations, we will unveil Montblanc
, a new men's scent, in all geographic markets early in the
new year. In addition, Jimmy Choo will add a new scent for men as the
year draws to a close in the fall. Two new scents for women debut next
year, A Girl in Capri for Lanvin in the summer and Floral
, a Coach flanker in the fall. In addition, brand extensions,
additions to multi-scent collections and limited edition scents are
coming to market for our other brands including, Rochas, Boucheron, Van
Cleef & Arpels, S.T. Dupont, Repetto and Paul Smith, throughout the

With regard to U.S. operations, Mr. Madar pointed out, "GUESS fragrance
sales will be recorded for all of 2019 compared to about seven months in
2018. For that brand, we plan to rollout two extensions, one each for
the 1981 and Seductive pillars. We will also animate
several of our newer fragrance families with flankers, including one or
more each for Bella Blanca by Oscar de la Renta, Fantasia for
Anna Sui, Century by Dunhill and Wave and Festival
for Hollister. Also coming to market is Authentic, an
entirely new fragrance duo for Abercrombie & Fitch planned for a spring
introduction and a multi-scent men's collection for Dunhill in the
second quarter. Late in the year, two of our new business initiatives
debut. We will unveil our first deluxe fragrance collection for Graff,
and offer a new exclusive amenities to the most prestigious hotels and
travel venues. 2019 will also mark our entry into direct-to-consumer
e-commerce with a fragrance collection created with supermodel Lily
Aldridge, our first initiative between our Interstellar Brands
subsidiary and IMG models. Everything points to 2019 being a highly
ambitious and productive year, resulting in record sales and earnings."

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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