Inter Parfums Inc. Reports Consolidated Sales Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016
January 26, 2016 at 08:00 am EST
Share
Inter Parfums Inc. reported consolidated sales results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net sales were $118.2 million, down 5.5% from $125.1 million for the final quarter of 2014.
For the year, the company reported net sales declined 6.2% to $468.4 million from 2014's $499.3 million.
For the year ended December 31, 2015, the company expects net income attributable to company to be in projected range of between $0.95 and $1.00.
The company is affirming current guidance for 2016 which calls for net sales in the range of $500 million to $510 million and net income attributable to company of between $1.05 and $1.10 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 Year Ended December 31, 2015; Provides Earnings Guidance for the Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016
INTER PARFUMS, INC. 
