Inter Parfums (IPAR) Tops Q2 EPS by 2c
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Inter Parfums, Inc. Reports 2017 Second Quarter Results
August 7, 2017 4:05 PM EDTNet Income Increases 15.7% on 10.2% Increase in Net Sales
NEW YORK--(BUSINESS WIRE)-- Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter ended June 30, 2017.
Second Quarter 2017 Compared to Second Quarter 2016:
Net sales were $129.1 million, up 10.2% from $117.2 million; at comparable foreign currency exchange rates, net sales increased 11.3%; Net sales by European based operations rose 20.5% to $106.7 million from $88.6 million; Net sales by U.S. based operations were $22.4 million compared to $28.6 million; Gross margin was 65.0% compared to 63.6%;... More