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Jimmy Choo, Coach Drive Inter Parfums’ Sales

Inter Parfums Inc. posted gains for the third quarter, driven by continued sales of Jimmy Choo and Coach fragrances.
Net sales were up 4.5 percent to $177.2 million. Net income increased 10.9 percent to $18.9 million, while net income per diluted share rose 9.1 percent to 60 cents.
Sales were driven by the continued success of the Jimmy Choo and Coach fragrance lines, which were up 19.7 percent and 40.9 percent, respectively.
“The nearly 12 percent year-to-date increase in net sales by European-based operations was primarily due to brand extensions for the bestsellers among our largest brands, energizing product selections within our other brands and expanding distribution, all the while supporting these efforts with well-planned and executed advertising and promotional programs with a far greater emphasis on digital media,” said Jean Madar, chairman and chief executive officer of Inter Parfums.
In the U.S., Inter Parfums’ acquisition of the Guess fragrance license from Coty Inc. helped drive sales, which were up 12.9 percent to $39.4 million for the region. Abercrombie & Fitch and Hollister also launched extensions, and Anna Sui’s fragrance continued to sell well in Asia.
The company began shipping Guess Inc. products toward the end of the second quarter, Madar said on the company’s

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Via:: https://wwd.com/beauty-industry-news/beauty-features/jimmy-choo-coach-drive-inter-parfums-sales-1202899670/