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Increase In First Quarter Sales From Ongoing Brands,oyster datejust rolex fake
Inter Parfums, Inc. (NASDAQ GS:IPAR) today announced that for the three months ended March 31, 2014, net sales of the Company's ongoing brands (excluding Burberry brand sales) increased 17% to $121.7 million, as compared to $104.1 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated first quarter net sales from ongoing brands increased 16%. Consolidated 2014 first quarter net sales declined 43% as Burberry brand sales were included in the prior year period. Inter Parfums plans to issue results for the 2014 first quarter on or about May 7, 2014.
Ongoing Brand Sales: Three months ended
March 31, (in millions) 2014 2013 % Change European based product sales $ 102.3 $ 85.4 19.8 % United States based product sales 19.4 18.7 3.9 % $ 121.7 $ 104.1 16.9 %
Discussing European based operations Jean Madar,rolex oyster perpetual datejust cost replica, Chairman CEO of Inter Parfums noted, "New product launches were the primary catalyst for the strong start in 2014, with sales of ongoing brands increasing 19.8%. That includes signature scents for both men and women for the Karl Lagerfeld brand, which yielded more than $13 million in incremental sales. Montblanc sales rose 37% as a result of steady gains from Legend fragrances along with the recent launch of Emblem, the second men's scent created for the brand. Boucheron and Van Cleef Arpels performed well during the quarter due, in part, to increasing momentum from the 2013 introductions of Place Vendme and Rve, respectively. Balmain fragrances got off to a good start for the year following higher than expected initial in store sales for the Extatic line launched in January. In last year's first quarter, Jimmy Choo brand sales rose 50% driven by the launch of Flash,fake rolex oyster perpetual datejust womens, which helps to explain why Jimmy Choo sales declined 25% in the current first quarter when no new products were introduced. However, based on higher than expected backorders for Jimmy Choo Man to be launched in the fall, more robust sales are anticipated for the second half. Lanvin also had a challenging comparison to the prior year period, which benefited from the launch of Lanvin Me and the exceptional performance of Eclat d'Arpge, resulting in a reduction in sales of 16% in the first quarter of 2014. With the introduction of Lanvin Me L'Eau later in the year , Lanvin brand sales are expected to pick up."
Mr. Most recently, in March we launched Fatale and Fatale Pink for Agent Provocateur and the initial response has been very favorable. Later in the year, we plan to debut our inaugural fragrances for Shanghai Tang,rolex lady datejust fake, Alfred Dunhill and Oscar de la Renta. Our expectations for net income attributable to Inter Parfums, Inc. remain in the range of $0.93 to $0.98 per diluted share. As in the past, we will update our guidance as appropriate as the year progresses and our visibility improves." Guidance assumes the dollar remains at current levels.
Inter Parfums, Inc. (NASDAQ GS:IPAR) today announced that for the three months ended March 31, 2014, net sales of the Company's ongoing brands (excluding Burberry brand sales) increased 17% to $121.7 million, as compared to $104.1 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated first quarter net sales from ongoing brands increased 16%. Consolidated 2014 first quarter net sales declined 43% as Burberry brand sales were included in the prior year period. Inter Parfums plans to issue results for the 2014 first quarter on or about May 7, 2014.
Ongoing Brand Sales: Three months ended
March 31, (in millions) 2014 2013 % Change European based product sales $ 102.3 $ 85.4 19.8 % United States based product sales 19.4 18.7 3.9 % $ 121.7 $ 104.1 16.9 %
Discussing European based operations Jean Madar,rolex oyster perpetual datejust cost replica, Chairman CEO of Inter Parfums noted, "New product launches were the primary catalyst for the strong start in 2014, with sales of ongoing brands increasing 19.8%. That includes signature scents for both men and women for the Karl Lagerfeld brand, which yielded more than $13 million in incremental sales. Montblanc sales rose 37% as a result of steady gains from Legend fragrances along with the recent launch of Emblem, the second men's scent created for the brand. Boucheron and Van Cleef Arpels performed well during the quarter due, in part, to increasing momentum from the 2013 introductions of Place Vendme and Rve, respectively. Balmain fragrances got off to a good start for the year following higher than expected initial in store sales for the Extatic line launched in January. In last year's first quarter, Jimmy Choo brand sales rose 50% driven by the launch of Flash,fake rolex oyster perpetual datejust womens, which helps to explain why Jimmy Choo sales declined 25% in the current first quarter when no new products were introduced. However, based on higher than expected backorders for Jimmy Choo Man to be launched in the fall, more robust sales are anticipated for the second half. Lanvin also had a challenging comparison to the prior year period, which benefited from the launch of Lanvin Me and the exceptional performance of Eclat d'Arpge, resulting in a reduction in sales of 16% in the first quarter of 2014. With the introduction of Lanvin Me L'Eau later in the year , Lanvin brand sales are expected to pick up."
Mr. Most recently, in March we launched Fatale and Fatale Pink for Agent Provocateur and the initial response has been very favorable. Later in the year, we plan to debut our inaugural fragrances for Shanghai Tang,rolex lady datejust fake, Alfred Dunhill and Oscar de la Renta. Our expectations for net income attributable to Inter Parfums, Inc. remain in the range of $0.93 to $0.98 per diluted share. As in the past, we will update our guidance as appropriate as the year progresses and our visibility improves." Guidance assumes the dollar remains at current levels.
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