Inter Parfums, Inc. Reports Record 2024 First Quarter Net Sales
- The average dollar/euro exchange rate for the 2024 first quarter was 1.09 compared to 1.07 in the 2023 first quarter, leading to a positive 0.6% foreign exchange impact for the 2024 first quarter.
- - The average dollar/euro exchange rate for the 2024 first quarter was 1.09 compared to 1.07 in the 2023 first quarter, leading to a positive 0.6% foreign exchange impact for the 2024 first quarter.
- - Eliminations of intercompany sales relate to European based operations product sales to United States based operations.
- Jean Madar, Chairman & Chief Executive Officer of Inter Parfums, stated, “With ongoing momentum in the fragrance market and favorable initial shipments of Lacoste and Cavalli fragrances, we delivered another record in first quarter sales.
- Our net sales growth of 4% was expected, considering the 24% sales growth achieved in the same quarter of 2023.