Sales up for brand perfume maker
hefty rise in net sales for the first quarter, pushing the company
to raise its 2004 sales guidance.
Net sales for the second quarter hit $46.8 million, up 13 per cent on the $41.4 million for the second quarter in the previous year.
The US firm that manufactures and distributes domestic and international brand name and licensed fragrances such as Paul Smith, Burberry and Christian Lacroix said that for the first half of 2004, net sales came in at about $105.2 million, a 33 per cent gain over $79 million in the comparable period last year.
Product line extensions in the prestige brands category in addition to mass-market opportunities such as the creation of a new line of health and beauty aids in 2003 have helped Inter Parfums to build on annual revenues.
The firm raised its 2004 sales guidance slightly to $225 million, up from $222 million, which includes incremental sales resulting from its recently acquired Lanvin fragrance license, although partially offset by the effect of the rise in the dollar versus the euro in the second quarter of 2004.