Inter Parfums (IPAR) Tops Q4 EPS by 10c; Raises Outlook
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Inter Parfums, Inc. Reports 2020 Fourth Quarter and Year End Results Increases 2021 Guidance and Reinstates Quarterly Cash Dividend
March 1, 2021 4:05 PM ESTNEW YORK--(BUSINESS WIRE)-- Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and year ended December 31, 2020. Of note, the average dollar/euro exchange rate for the 2020 fourth quarter was 1.19 compared to 1.11 in the fourth quarter of 2019. For the full years ended December 31, 2020 and 2019, the average dollar/euro exchange rates were 1.15 and 1.12, respectively.
Fourth Quarter 2020 Compared to Fourth Quarter 2019:
Net sales were $184.0 million, up 3.5% compared to $177.8 million; at comparable foreign currency exchange rates, consolidated fourth quarter net sales were practically unchanged from those of... More