Inter Parfums, Inc. Reports Consolidated Sales Results for the Fourth Quarter and Full Year Ended December 31, 2018; Revises Earnings Guidance for the Year 2018; Provides Earnings Guidance for the Year 2019
January 29, 2019 at 02:35 am IST
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Inter Parfums, Inc. reported consolidated sales results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net sales were $177.2 million, up 18.5% from the final quarter of 2017. Consolidated fourth quarter net sales increased 21.2%.
For the full year, net sales rose 14.3% to $675.6 million from $591.3 million in 2017. At comparable foreign currency exchange rates, consolidated 2018 net sales increased 12.8%.
The company raised 2018 guidance range for net income per diluted share attributable to Inter Parfums, Inc. to $1.68 to $1.70, from previous guidance of $1.61.
With regard to 2019, the company continues to expect net sales of approximately $705 million, resulting in net income attributable to Inter Parfums, Inc. of approximately $1.81 per diluted share.
Inter Parfums, Inc. manufactures, markets and distributes a range of fragrance and fragrance related products. The Company has two segments. The Company produces and distributes its fragrance products under license agreements with brand owners, and fragrance product sales through its European based operations segment. It has built a portfolio of brands, which include Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T. Dupont, and Van Cleef & Arpels, whose products are distributed in approximately 120 countries around the world. Its brand fragrance products are also produced and marketed through its United States based operations. These fragrance products are sold under trademarks owned by the Company or pursuant to license or other agreements with the owners of brands, which include Abercrombie & Fitch, Anna Sui, Donna Karan, DKNY, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, and Ungaro.
Inter Parfums, Inc. Reports Consolidated Sales Results for the Fourth Quarter and Full Year Ended December 31, 2018; Revises Earnings Guidance for the Year 2018; Provides Earnings Guidance for the Year 2019