Inter Parfums (IPAR) Tops Q2 EPS by 2c
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Inter Parfums, Inc. Reports 2020 Second Quarter Results
August 10, 2020 4:05 PM EDTNEW YORK--(BUSINESS WIRE)-- Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter ended June 30, 2020. The average dollar/euro exchange rate for the current second quarter was 1.10 compared to 1.12 in the second quarter of 2019.
Second Quarter 2020 Compared to Second Quarter 2019:
Net sales were $49.5 million, down 70.2% compared to $166.2 million, at comparable foreign currency exchange rates, net sales declined 69.8%; Net sales by European based operations declined 68.6% to $39.4 million from $125.6 million; Net sales by U.S. based operations declined 75.2% to $10.1 million from... More