0000822663-11-000009.txt : 20111025 0000822663-11-000009.hdr.sgml : 20111025 20111025135926 ACCESSION NUMBER: 0000822663-11-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111025 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20111025 DATE AS OF CHANGE: 20111025 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: 111156362 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 ip8k102511.htm IPAR_8K_Q3_2011_SALES

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 25, 2011

 

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 25, 2011, 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 ended September 30, 2011
  • The 2nd paragraph consisting of the table relating to net sales of European operations and United States operations for the third quarter and the nine month period ended September 30, 2011
  • The 3rd and 4th paragraphs relating to net sales of European operations for the third quarter ended September 30, 2011
  • The 5th paragraph relating net sales of United States operations for the third quarter ended September 30, 2011

Item 7.01. Regulation FD Disclosure.

        Certain portions of our press release dated October 25, 2011, 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, 2011
  • The 6th paragraph relating to 2011 guidance
  • The 8th paragraph relating to forward looking information
  • The balance of such press release not otherwise incorporated by reference in Item 2.02

Item 9.01 Financial Statements and Exhibits.

        99.1 Our press release dated October 25, 2011.

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 25, 2011

EX-99 2 ex99_102511.htm IPAR_EX99_Q3_2011_SALES

FOR IMMEDIATE RELEASE

INTER PARFUMS, INC. REPORTS 42% INCREASE IN THIRD QUARTER SALES
and Increases 2011 Sales Guidance

New York, New York, October 25, 2011: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the third quarter of 2011 were approximately $171.7 million, a 42% increase from $120.9 million in the third quarter of 2010.  At comparable foreign currency exchange rates, third quarter net sales were up 36%.  Inter Parfums plans to issue its results for the third quarter of 2011 on or about November 9, 2011.

  Inter Parfums, Inc.

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

 

Three months ended
September 30,

Nine Months Ended
September 30,

 

2011

2010

% Change

2011

2010

% Change

 

($ in millions)

     
European-based product sales $    154.7 $  109.2

41.7%

$     382.8 $     309.4        23.7%
United States-based product sales

        17.0

      11.7

45.9%

         43.3

        38.6

       12.4%

 

$    171.7

$  120.9

42.1%

$     426.1

$     348.0

       22.5%

             

Discussing European-based operations Jean Madar, Chairman & CEO of Inter Parfums noted, "Burberry fragrance sales were up 30% for the quarter due in great part to the global launch of Burberry Body.  Other factors contributing to the sales increase include the continued strong momentum of the Jimmy Choo and Montblanc fragrance launches and the inclusion of Interparfums Luxury Brands, our U.S. distribution subsidiary which began operations at the start of the year."

Mr. Madar went on to say, "We were very pleased by the continued strength in certain markets with third quarter sales in local currency holding steady in Western Europe while increasing 55% and 64% in South America and Asia, respectively."

Discussing U.S.-based operations, Mr. Madar pointed out, "The comparable quarter increase in third quarter sales reflects a strong performance for specialty retail products in international markets as well as initial shipments of our new Betsey Johnson and bebe fragrance products."

Russell Greenberg, Executive Vice President & Chief Financial Officer stated, "Based upon year-to-date sales levels and expectations for the final quarter of this year, we are raising our 2011 sales guidance to approximately $570.0 million, from approximately $550.0 million.  Our guidance for net income attributable to Inter Parfums, Inc. remains at $32.5 million or $1.05 per diluted share due to the high level of advertising and promotional expenses planned for the final quarter of 2011.  Guidance assumes the dollar remains at current levels."

Inter Parfums, Inc. develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, Van Cleef & Arpels, Jimmy Choo, Paul Smith, Montblanc, S.T. Dupont and Boucheron.  Inter Parfums, Inc. also owns Lanvin Perfumes and Nickel, a men's skin care company.  It also produces personal care products for specialty retailers under exclusive agreements for Gap, Banana Republic, Brooks Brothers, bebe, Betsey Johnson, Nine West and Lane Bryant brands. In addition, Inter Parfums produces and supplies mass market fragrances and fragrance related products. Inter Parfums, Inc.'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, 2010 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.

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



  
Contact at Investor Relations Counsel
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