Inter Parfums expects 2012 revenue to top Wall Street's predictions, with US$625M in revenue and US$35.7M in net earnings, due in part to wider distribution of Jimmy Choo, Montblanc Legend fragrances
November 16, 2011
– Inter Parfums Inc. expects that its 2012 revenue will beat Wall Street's view on anticipated strong sales of certain products launched this year, including the Burberry Body fragrance.
The fragrance and cosmetics maker said Wednesday that 2012 revenue should be $625 million, with earnings of about $35.7 million, or $1.16 per share.
Analysts surveyed by FactSet predict revenue of $619.1 million and earnings of $1.25 per share.
Inter Parfums said its performance should also be helped by wider distribution of the Jimmy Choo and Montblanc Legend fragrances.
Chairman and CEO Jean Madar said in a statement that several new products are set to launch next year, including a Montblanc fragrance for women in Europe and Nine West's Love Fury fragrance in the U.S.
Earlier this month the New York company reported that its third-quarter net income climbed 24 percent on strong sales of its Burberry, Jimmy Choo and Montblanc fragrances.
© 2017 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.