Inter Parfums SA Sales Rise 3.1% in Q1

PARIS – Inter Parfums SA reported first-quarter sales rose 3.1 percent to 77.2 million euros, or $87.1 million. At constant currency, revenues declined 6.4 percent, which the Paris-based subsidiary of Inter Parfums Inc. of New York blamed on tough comps owing to the launch of Karl Lagerfeld fragrances in the year-ago quarter, and a dramatic decline in the value of the euro this year. By brand, sales rose 72 percent for Repetto, 52 percent for Jimmy Choo, 19 percent for Montblanc and 13 percent for Boucheron. Brands in negative territory included Karl Lagerfeld, down 77 percent; Balmain 52 percent; and Paul Smith 22 percent, while Lanvin, Van Cleef & Arpels and St. Dupont registered low single-digit declines. By region, North American improved 29 percent, while European sales declined, also linked to tough comps, the company said. The French company confirmed its sales forecast for the full year of 310 million to 320 million euros. RELATED CONTENT: WWD Earnings Tracker >>

Follow WWD on Twitter or become a fan on Facebook.

Read More...

from WWD » Inter Parfums SA Sales Rise 3.1% in Q1 http://ift.tt/1ExSlA8
via IFTTT