Inter Parfums (IPAR) Tops Q3 EPS by 18c
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Inter Parfums, Inc. Reports 2020 Third Quarter Results
November 9, 2020 4:05 PM ESTNEW YORK--(BUSINESS WIRE)-- Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the third quarter ended September 30, 2020. Of note, the average dollar/euro exchange rate for the 2020 third quarter is 1.17 as compared to 1.11 in the third quarter of 2019, and 1.13 and 1.12 for the nine months ended September 30, 2020 and 2019, respectively.
Third Quarter 2020 Compared to Third Quarter 2019:
Net sales were $160.6 million, down 16.0% from $191.2 million; at comparable foreign currency exchange rates, net sales declined 18.3%; Net sales by European based operations declined 9.6% to $129.7 million from $143.6 million; Net sales... More