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Coach And Other Brands Of Perfume Hot Sale Inter Parfums Last Quarter Sales Growth

 

Recently, Inter Parfums Inc. (hereinafter referred to as Inter Parfums), a world-renowned perfume manufacturer, announced some core financial data for the third quarter of FY2018. Driven by Coach and Jimmy Choo brand perfume licensing business, net sales increased by 4.5% year-on-year. To $177.2 million. Inter Parfums plans to release full financial data for the third quarter of FY 2018 on November 5.
For the three months ended September 30, 2018, some of the core financial data for Inter Parfums are as follows:
Net sales increased by 4.5% year-on-year to US$177.2 million, compared to US$169.5 million in the same period last year; 5.4% year-on-year growth at constant exchange rates
European sales increased 2.4% year-on-year to $137.8 million, compared to $134.6 million in the same period last year.
US sales increased 12.9% year-on-year to $39.4 million, compared to $34.9 million in the same period last year.
Jean Madar, Chairman and CEO of Inter Parfums, said: “The growth of the US business in the third quarter was due to the addition of the GUESS traditional fragrance collection and the growth of Abercrombie&Fitch and Hollister brand fragrances. With the Anna Sui brand fragrance throughout Asia The popularity of our sales in the region will continue to grow rapidly."
Part of the core financial data for Inter Parfums for the nine months ended September 30, 2018 is as follows:
European sales increased by 11.6% year-on-year to $402.8 million, compared to $361 million in the same period last year.
US sales increased 18.4% year-on-year to $95.5 million, compared to $80.7 million in the same period last year.
Agence France-Presse also disclosed the sales Soufeel Coupons performance of some brands in the third quarter and the first nine months of Inter Parfums:
In the third quarter, Coach brand perfume sales increased by 42% year-on-year to 22.5 million euros; mainly benefited from the continued sales of the Coach men and women signature series (launched in 2016 and 2017 respectively) and the successful launch of the Coach Floral and Coach Platinum series. . In the first nine months of this year, sales of Coach brand fragrances increased by nearly 90% year-on-year.
Third quarter Jimmy Choo brand perfume sales increased 21% year-on-year to 29 million euros; mainly driven by Jimmy Choo Fever fragrance
In the third quarter, Montblanc brand perfume sales fell 15% year-on-year to 26.9 million euros; sales in the first nine months fell 5% year-on-year
In the third quarter, Rochas brand perfume sales decreased by 12.7% year-on-year to 6.9 million euros; sales in the first nine months decreased by 12% year-on-year; the brand is expanding its international footprint and is now selling in 20 countries.
Jean Madar said: “Next we are actively launching more new products, including Montblanc, Jimmy Choo, Lanvin, Coach and Rochas, which will launch new products in Europe, while Dunhill, GUESS and Abercrombie & Fitch will launch new products in the US. ”
Russell Greenberg, executive vice president and chief financial officer of Inter Parfums, said: "Our sales for the full year of FY18 remain unchanged, with net sales expected to remain at $665 million. But diluted net income per share is $1.61. It is our forecast based on the US dollar exchange rate maintained at the current level, so if the exchange rate fluctuates, the final result may change. We will release our latest FY 2019 guidelines on November 12, 2018."
30 октября 2018 08:43

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