Interparfums Posts Flat $430 Million Sales as Gift Set Shipments Are Delayed

Interparfums, Inc. recorded $430 million in third-quarter net sales, unchanged from a year earlier, as delayed gift set shipments weighed on its U.S. business while European fragrance sales grew. The company’s U.S.-based operations generated $127 million, down 7% from $137 million a year earlier. Supply chain disruptions delayed gift set shipments, deferring about $10 million in sales that Interparfums expects to recognize in the fourth quarter. Without those delays, U.S.-based sales would have been flat. Sales from Europe-based operations rose 4% to $306 million from $295 million. Coach fragrance sales increased 23%, while Montblanc fragrance sales grew 12%.

Source: TokenPost