Inter Parfums (IPAR) Tops Q2 EPS by 8c, Revenues Beat; Affirms FY18 Sales Views Below Consensus
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Inter Parfums, Inc. Reports 2018 Second Quarter Results
August 7, 2018 4:05 PM EDTNet Income Increases 61.6% on 15.7% Increase in Net Sales
NEW YORK--(BUSINESS WIRE)-- Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter ended June 30, 2018. Of note, the average dollar/euro ratio for the current second quarter is 1.19, up 8% from 1.10 in the second quarter of 2017.
Second Quarter 2018 Compared to Second Quarter 2017:
Net sales were $149.4 million, up 15.7% from $129.1 million, at comparable foreign currency exchange rates, net sales increased 12.3%; Net sales by European based operations rose 8.3% to $115.6 million from $106.7 million; Net... More