-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CxgzqdrTw6i1OV2uOopqpZfe3+IU9LCcTLZVBPVwMHSkB4YNHUYpx+xygIAWTs29 ivd9kldI9pTjXQp3adxSPw== 0000822663-07-000015.txt : 20071025 0000822663-07-000015.hdr.sgml : 20071025 20071024175554 ACCESSION NUMBER: 0000822663-07-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071024 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20071025 DATE AS OF CHANGE: 20071024 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTER PARFUMS INC CENTRAL INDEX KEY: 0000822663 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 133275609 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16469 FILM NUMBER: 071188952 BUSINESS ADDRESS: STREET 1: 551 FIFTH AVE STREET 2: STE 1500 CITY: NEW YORK STATE: NY ZIP: 10176 BUSINESS PHONE: 2129832640 MAIL ADDRESS: STREET 1: 551 FIFTH AVENUE STREET 2: STE 1500 CITY: NEW YORK STATE: NY ZIP: 10176 FORMER COMPANY: FORMER CONFORMED NAME: JEAN PHILIPPE FRAGRANCES INC DATE OF NAME CHANGE: 19920703 8-K 1 ip8k102407.htm IPAR_8K_3RD QUARTER

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 Date of Report (Date of Earliest Event Reported):
October 23, 2007

 

Inter Parfums, Inc.
(Exact name of Registrant as specified in its charter)

Delaware 0-16469 13-3275609
(State or other jurisdiction of
incorporation or organization)
Commission
File Number
(I.R.S. Employer
Identification No.)

 

551 Fifth Avenue, New York, New York 10176
(Address of Principal Executive Offices)

 

212. 983.2640
(Registrant's Telephone number, including area code)

________________________________________________________________________________
(Former name or former address, if changed since last report)

 Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

        Certain portions of our press release dated October 23, 2007, a copy of which is annexed hereto as Exhibit no. 99.1, are incorporated by reference herein and are filed pursuant to this Item 2.02. They are as follows:

  • Certain portions of the 1st  paragraph relating to net sales for the third quarter and the nine month period ended September 30, 2007
  • The 2nd and 3rd  paragraphs relating to net sales for the third quarter and the nine month period ended September 30, 2007 

Item 7.01. Regulation FD Disclosure.

        Certain portions of our press release dated October 23, 2007, a copy of which is annexed hereto as Exhibit no. 99.1, are incorporated by reference herein, and are filed pursuant to this Item 7.01 and Regulation FD. They are as follows:

  • The last sentence of the 1st paragraph relating to plans to release operating results for the third quarter ended September 30, 2007

  • The 4th  paragraph relating to 2007 guidance

  • The 7th paragraph relating to forward looking information

  • The balance of such press release not otherwise incorporated by reference in Item 2.02 or Item 8.01.

Item 8.01. Other Events.

        Certain portions of our press release dated October 23, 2007, a copy of which is annexed hereto as Exhibit no. 99.1, are incorporated by reference in this report, and are filed  pursuant to this Item 8.01. They are as follows:

  • The 5th paragraph relating to the Quiksilver license.

Item 9.01 Financial Statements and Exhibits.

        99.1 Our press release dated October 23, 2007.

SIGNATURES

        Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused and authorized this report to be signed on its behalf by the undersigned.

Dated: October 23, 2007

EX-99 2 ex99_102407.htm EX99_PR_OCTOBER 23

FOR IMMEDIATE RELEASE

INTER PARFUMS, INC. REPORTS RECORD THIRD QUARTER SALES

New York, New York, October 23, 2007: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the current third quarter rose to a record $102.3 million, up 14% from $89.7 million in the same period last year.  At comparable foreign currency exchange rates, third quarter net sales were 9% ahead of last year's third quarter.  Thus for the first nine months of 2007, net sales were $270.2 million, up 17% from $230.9 million; at comparable foreign currency exchange rates, net sales for the first nine months of 2007 were 12% ahead of last year.  Inter Parfums plans to issue financial results for the third quarter ended September 30, 2007 on Wednesday, November 7, 2007, after the close of the stock market. 

Jean Madar, Chairman of the Board and Chief Executive Officer, noted, "Third quarter sales by our European based operations were $88.2 million, up nearly 16% from $76.1 million in last year's third quarter.  The top line growth was attributable to the launches of the Roxy and Paul Smith Rose fragrances and the increasing contribution of Van Cleef & Arpels fragrances.  Additionally, as previously reported, since mid-first quarter, we've begun distributing product through our four majority-owned European distribution subsidiaries." 

Mr. Madar continued, "The 4% increase in U.S. sales to $14.2 million was achieved despite the high threshold set in the same period of 2006.  In last year's third quarter, U.S. sales were $13.6 million, or 64% ahead of the third quarter of 2005, primarily due to first time shipments of the Discover Collection of five fragrances and a full line of bath and body to all Banana Republic's North American stores.  The current third quarter sales increase reflects the staged rollout of new products to additional Gap stores which is still underway, as well as new product launches for both Banana Republic and Gap stores."    

Management reaffirms its full year 2007 guidance projecting net sales, net income and diluted earnings per share of approximately $378 million, $21.5 million and $1.04, respectively.  This guidance assumes the dollar remains at current levels. 

Separately, the Company reported that the license agreement concluded in March 2006 between Inter Parfums and Quiksilver has been extended to men's fragrances under the Quiksilver brand.  The launch of the first Quiksilver men's fragrance is scheduled for fall 2008.

Inter Parfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, Paul Smith, S.T. Dupont, Christian Lacroix, Quiksilver/Roxy and Van Cleef & Arpels.  The Company also owns Lanvin Perfumes and Nickel S.A., a men's skin care company.  It also produces personal care products for specialty retailers under exclusive agreements with Gap Inc. and New York & Company.  In addition, Inter Parfums produces and supplies mass market fragrances and fragrance related products.  The Company's products are sold in over 120 countries worldwide.

Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. In some cases you can identify forward-looking statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will" and "would" or similar words. You should not rely on forward-looking statements because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings "Forward Looking Statements" and "Risk Factors" in Inter Parfums' annual report on Form 10-K for the fiscal year ended December 31, 2006, and the reports Inter Parfums files from time to time with the Securities and Exchange Commission. Inter Parfums does not intend to and undertakes no duty to update the information contained in this press release.

 

  Inter Parfums, Inc.

By: /s/ Russell Greenberg
Russell Greenberg, Executive Vice President

Contact at  

Inter Parfums, Inc. 
Russell Greenberg, Exec. VP & CFO
(212) 983-2640
rgreenberg@interparfumsinc.com www.interparfumsinc.com

or   Investor Relations Counsel
The Equity Group Inc.
Linda Latman  (212) 836-9609/llatman@equityny.com
Lena Cati (212) 836-9611/lcati
@equityny.com
www.theequitygroup.com

 

 

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