Inter Parfums (IPAR) Misses Q1 EPS by 11c, Revenues Miss
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Inter Parfums, Inc. Reports 2020 First Quarter Results
May 11, 2020 4:05 PM EDTProvides COVID-19 Business Update
NEW YORK--(BUSINESS WIRE)-- Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2020. The average dollar/euro ratio for the current first quarter was 1.10 compared to 1.14 in the first quarter of 2019.
First Quarter 2020 Compared to First Quarter 2019:
Net sales were $144.8 million or 18.7% lower than $178.2 million, at comparable foreign currency exchange rates, net sales declined 17.8%; Sales by European based operations declined 20.6% to $114.1 million from $143.7 million; Sales by U.S. based... More