Inter Parfums (IPAR) Raises Quarterly Dividend 13.3% to $0.17; 2.1% Yield

Inter Parfums, Inc. Reports 13.4% Increase in 2016 Third Quarter Sales

October 24, 2016 4:05 PM EDT

Narrows 2016 Guidance to High End of Range

Increases Dividend by 13%

NEW YORK--(BUSINESS WIRE)-- Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended September 30, 2016, net sales increased 13.4% to $157.6 million as compared to $138.9 million, for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated third quarter net sales increased 14.8%. Inter Parfums plans to issue results for the 2016 third quarter on or about November 8, 2016.

                           

Net Sales:

 

Three months ended

September 30,

Nine Months Ended

September 30,

2016

2015

% Change 2016 2015 % Change ($ in millions)... More