×
51 770
Fashion Jobs
ADIDAS
Senior Manager Buying (Concept Stores)
Permanent · Portland
NEW BALANCE
Loss Prevention Officer (Day Shift)
Permanent · Skowhegan
L'OREAL GROUP
Mgr/sr Manager-Demand Planner
Permanent · Newport Beach
L'OREAL GROUP
Kiehl's Since 1851 - Director of Ecommerce
Permanent · New York
L'OREAL GROUP
Salon Business Partner (Saloncentric) - Troy, mi
Permanent · Troy
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator
Permanent · Concord
OLD NAVY
Asset Protection Lead - Outlts @ Little Rock
Permanent · Little Rock
OLD NAVY
Assistant General Manager, Merchandising - Northcross
Permanent · Huntersville
OLD NAVY
External Asset Protection Lead - Franklin Park
Permanent · Toledo
OLD NAVY
General Manager - Four Flaggs
Permanent · Niles
OLD NAVY
Assistant General Manager, Merchandising - Crossings of Decatur
Permanent · Decatur
OLD NAVY
Assistant General Manager - Festival Mkt@Dogwood
Permanent · Flowood
OLD NAVY
General Manager - Barrow Crossing
Permanent · Bethlehem
OLD NAVY
Asset Protection Service Representative -Sports Arena Plaza
Permanent · San Diego
OLD NAVY
Buyer, Girl's, Outlet
Permanent · San Francisco
OLD NAVY
Asset Protection Agent - Fulton Street
Permanent · New York
OLD NAVY
General Manager - Franklin Park
Permanent · Spokane
OLD NAVY
Assistant General Manager, Merchandising - Brickyard Square (New Store)
Permanent · Epping
OLD NAVY
Assistant General Manager - Eagan Promenade
Permanent · Eagan
OLD NAVY
General Manager - Conyers Crossroads
Permanent · Conyers
OLD NAVY
Asset Protection Manager - Utah
Permanent · Salt Lake City
OLD NAVY
Assistant General Manager, Merchandising - Bradford Plaza
Permanent · Stillwater
Published
Jan 28, 2020
Reading time
3 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Record annual sales at Interparfums boosted by strong gains in US-based operations

Published
Jan 28, 2020

International fragrance company Inter Parfums, Inc. (Interparfums) announced record annual sales of $713.5 million for fiscal 2019 on Monday, reporting particularly solid progress in its U.S.-based operations, where Guess, Abercrombie & Fitch and Hollister led gains.
 

Guess, Abercrombie & Fitch and Hollister helped drive sales gains among Interparfums' U.S.-based products - Photo: Abercrombie & Fitch


The company’s full-year net sales reflected a 5.6% increase (7.8% in constant currencies) from the previous year, when Interparfums reported revenues of $675.6 million.
 
The increase was driven by sales of the company’s U.S.-based products, which totaled $171.4 million, up 24.3% from $138.0 million in fiscal 2018. Sales of Interparfums’ Europe-based products rose 0.8% year over year, from $537.6 million to $542.1 million.

Commenting on the company’s annual sales of its U.S.-based products, Interparfums chairman and CEO Jean Madar highlighted that Guess fragrances had achieved “an extraordinary year” thanks, in large part, to the addition of two brand extensions: “1981 Los Angeles” and “Seductive Noir.”
 
Abercrombie & Fitch fragrances also made a solid contribution due to the introduction of the “Authentic” fragrance duo, while strong sales of Hollister fragrances were driven by brand extensions for the “Wave” and “Festival” fragrance families.
 
Oscar de la Renta also posted a slight rise in sales, led both by its legacy scents and the extension of its “Bella” fragrance family.
 
As for Interparfums’ Europe-based products, sales growth was pushed by an almost 23% increase in sales of the company’s largest brand, Montblanc, where the exceptional performance of the new “Explorer” scent and the continued popularity of the “Legend” fragrance family led gains.
 
Jimmy Choo, the company’s second largest brand, posted a slight increase in constant-dollar sales, but, due to the strengthening of the dollar, saw a minor decline in actual dollars, a situation that was reproduced at the Coach brand.
 
Sales of Karl Lagerfeld and Van Cleef & Arpels products increased 5.0% and 6.8%, respectively.
 
In the fourth quarter ended December 31, 2019, Interparfums’ net sales were $177.8 million, up 0.3% (1.5% in constant currencies) from $177.2 million in the same quarter in the previous year. 
 
Sales of the company’s U.S.-based products were once again stronger than their European counterparts, posting a 14.7% rise from $42.4 million to $48.7 million. In contrast, quarterly sales of Interparfums’ European products fell 4.2%, totaling $129.1 million, compared to $134.8 million in the prior-year period.
 
As previously reported, Interparfums expects to achieve full-year earnings per share of $1.90. The company intends to release its full financial results, including earnings, for the fourth quarter and full fiscal year 2019 on or about Monday, March 2, 2020.
 
Looking forward to 2020, Madar pointed out that the year “has a more robust launch schedule on both sides of the Atlantic.”
 
In the U.S., Madar highlighted “a new blockbuster scent for women under the Guess banner unveiling this spring,” as well as the releases of “Canyon Escape” at Hollister and “Sky” at Anna Sui, not to mention the launch of its first fragrance under the Graff label.
 
In Europe, the company will be counting on new releases from Montblanc and Jimmy Choo to boost sales, as well as the launch of its first fragrance for Kate Spade New York, with whom Interparfums signed a long-term licensing deal in June of last year.
 
The company is maintaining its financial outlook for 2020 and still expects to report EPS of around $2.00 on record net sales of approximately $742 million.

Copyright © 2021 FashionNetwork.com All rights reserved.