New York, March 8, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and year ended December 31, 2010.
- Net sales declined slightly to $112.4 million from $112.9 million; at comparable foreign currency exchange rates, net sales rose 6% for the period;
- European-based operations generated sales of $95.5 million, off modestly from $96.3 million;
- Sales by U.S.-based operations were up 2% to $17.0 million from $16.6 million;
- Gross margin was 59.0% compared to 56.1%;
- S, G & A expense as a percentage of sales was 48% compared to 42%;
- Operating margins were 11.0% of net sales from 12.2% of net sales;
- Net income attributable to Inter Parfums, Inc. increased 14.5% to $6.2 million as compared to $5.5 million; and,
- Basic and diluted earnings per share increased 11.1
[Data/Logo Inter Parfums]
