Inter Parfums Reports 31% Surge in Q3 Sales Driven by Strong Growth in US and Europe

Inter Parfums, a prominent fragrance company, reported a 31 percent rise in third quarter net sales, amounting to $368 million. The growth is attributed to considerable progress in the U.S., largely due to the Donna Karan/DKNY brand, as well as notable advances in Europe. According to the New York-based firm, net sales in the U.S. soared 64 percent to $135 million, largely due to impressive performances from Donna Karan/DKNY, Guess, and Ferragamo which experienced a growth of 230 percent, 59 percent, and 55 percent respectively. The company credits the incorporation of Donna Karan/DKNY into its portfolio in July of the previous year as a significant factor in their outstanding year-to-year performance.

During the quarter which ended at September 30, Inter Parfums released the Guess Originals triad of fragrances. They also introduced a collection of gender-inclusive fragrances, Hollister’s Feelin' Good pair, and initiated the first phase of the Abercrombie & Fitch Fierce distribution. The launch of DKNY's first brand extension, Be Delicious Orchard St., has been reported as 'exceptionally well' received since its release in August. Consequently, the fashion house combination of Donna Karan/DKNY has become the second largest brand within the company's U.S. operations.

In Europe, Inter Parfums' sales saw an 18 percent growth, reaching a total of $233 million as all brands witnessed peak growth. Sales of its three biggest brands, Coach, Montblanc, and Jimmy Choo increased by 32 percent, 20 percent and 6 percent, respectively. Their recent introductions, such as Jimmy Choo Rose Passion, Montblanc Signature Absolue and Explorer Platinum and Coach Green and Love were also reported as strong performers. Futthermore, mid-size brands like Lanvin, Kate Spade, Rochas, Van Cleef & Arpels, and Karl Lagerfeld saw a rise in sales too.

Jean Madar, chairman and chief executive officer of Inter Parfums, stated that the firm is set to continue investing the required resources to assure maximum productivity from its licensors, suppliers, distributors, and manufacturers. This is particularly crucial as they approach the holiday season, and the company remains confident that it is well positioned to meet the requirements of its most retailers and consumers to achieve another record-breaking fiscal year.