641
Вакансии
Автор
Reuters
Опубликовано
11 мая 2009 г.
Скачать
Загрузить статью
Печать
Размер текста

Inter Parfums Q1 profit misses Street, backs '09 view

Автор
Reuters
Опубликовано
11 мая 2009 г.

May 11 (Reuters) - Fragrance maker Inter Parfums Inc (IPAR.O) posted first-quarter profit that missed analysts' estimates, as a strong U.S. dollar took a big bite out of its sales amid a challenging retail environment, but it backed its 2009 outlook.


Lanvin l'Homme Sport - New fragrance from Lanvin of the Inter Parfums group

"The strength of the U.S. dollar relative to the euro had the net effect of depressing first-quarter sales by about 6 percent as compared to last year," Chief Executive Jean Madar said in a statement.

Inter Parfums, whose brands include Burberry, Van Cleef & Arpels, Paul Smith, S.T. Dupont and Christian Lacroix, maintained its 2009 profit forecast of about $21.0 million, or 70 cents a share, on net sales of $390 million.

Analysts were looking at 69 cents a share, before items, on revenue of $383.2 million, according to Reuters Estimates.

For the latest first quarter, Inter Parfums earned $5.4 million, or 18 cents a share, compared with $8.7 million, or 28 cents a share, a year ago.

Net sales fell 27 percent to $90.4 million; and at comparable foreign currency exchange rates, net sales were down 21 percent.

Shares of the New York-based company closed at $8.42 Monday on Nasdaq.

For related alerts, double click (Reporting by Renju Jose in Bangalore; Editing by Anil D'Silva)

© Thomson Reuters 2024 Все права защищены.