Inter Parfums, Inc. Announces Sales Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 23, 2023 at 04:05 pm EST
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Inter Parfums, Inc. announced sales results for the fourth quarter and full year ended December 31, 2022. For the quarter, net sales rose to a record $311 million, a 47% increase from $211 million in the fourth quarter of 2021. At comparable foreign currency exchange rates, consolidated fourth quarter net sales increased 57% from the fourth quarter of 2021. Of note, the average dollar/euro exchange rates for the 2022 and 2021 fourth quarters were 1.02 and 1.14, respectively, leading to a negative 10% foreign exchange impact.
For the full year, 2022 net sales rose to $1.087 billion, up 24% from $880 million in 2021 and slightly above latest guidance of $1.08 billion. comparable foreign currency exchange rates, consolidated 2022 net sales increased 30% from 2021.
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.
INTER PARFUMS, INC. 
