Inter Parfums (IPAR) Misses Q1 EPS by 3c; Updates FY16 Outlook
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Inter Parfums, Inc. Reports 2016 First Quarter Results
May 10, 2016 4:05 PM EDTNEW YORK--(BUSINESS WIRE)-- Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2016.
First Quarter 2016 Compared to First Quarter 2015:
Net sales were $111.5 million, up 2% from $109.2 million; at comparable foreign currency exchange rates, net sales increased 3%; Sales by European based operations rose 5% to $92.1 million compared to $86.7 million; Sales by U.S. based operations declined 14% to $19.4 million compared to $22.5 million; Gross margin was 63.9% of net sales compared to 61.9%; S,G&A expense as a percentage of... More