Inter Parfums
This article was originally published in The Rose Sheet
Executive Summary
Net sales dropped 7.9% to $22.2 mil. in the second quarter and declined 7% to $41.8 mil. for the half. Despite lower overall sales, "continued growth within our prestige fragrance lines was achieved despite no new product introductions during the quarter," Inter Parfums noted. The company will be launching new fragrances under the S.T. Dupont, Paul Smith and Burberry brands. Net income was down 6.4% to $1.1 mil. in the quarter and dropped 5.8% to $2.2 mil. in the half