Inter Parfums, Inc. Reports Sales Results for the Fourth Quarter and Year Ended December 31, 2023
January 23, 2024 at 04:15 pm EST
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Inter Parfums, Inc. reported sales results for the fourth quarter and year ended December 31, 2023. For the quarter, the company's net sales were $329 million against $311 million a year ago.
For the year, the company's net Sales were $1,318 million against $1,087 million a year ago.
Inter Parfums, Inc. manufactures, markets and distributes a range of fragrance and fragrance related products. The Company has two segments. The Company produces and distributes its fragrance products under license agreements with brand owners, and fragrance product sales through its European based operations segment. It has built a portfolio of brands, which include Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T. Dupont, and Van Cleef & Arpels, whose products are distributed in approximately 120 countries around the world. Its brand fragrance products are also produced and marketed through its United States based operations. These fragrance products are sold under trademarks owned by the Company or pursuant to license or other agreements with the owners of brands, which include Abercrombie & Fitch, Anna Sui, Donna Karan, DKNY, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, and Ungaro.