Fragrance giant Inter Parfums announced on Monday net sales for the third quarter surged 31 percent to $368 million, on skyrocketing growth in the U.S., thanks to Donna Karan/DKNY, and strong gains in Europe.
The New York-headquartered company said U.S.-based net sales accelerated 64 percent to $135 million, compared to $82 million, primarily driven by “outstanding performances” in Donna Karan/DKNY, Guess, and Ferragamo, which saw 230 percent, 59 percent and 55 percent growth, respectively.
Inter Parfums accredited Donna Karan/DKNY’s addition to its portfolio in July last year as a major boost to its “exceptional year-over-year performance.”
During the quarter ending September 30, Inter Parfums launched the Guess Originals trio of fragrances, a collection of gender-inclusive fragrances, Hollister’s Feelin’ Good duo, and initiated phase one of the Abercrombie & Fitch Fierce distribution roll-out.
It also introduced the first brand extension for DKNY, Be Delicious Orchard St., adding it has performed “exceptionally well” since its launch in August, with the fashion house duo, Donna Karan/DKNY, now the firm’s second largest brand within its U.S. based operations.
Across the Atlantic, Inter Parfums Europe-based sales grew 18 percent to $233 million, with all brands achieving top line growth. Sales of its three largest brands, Coach, Montblanc, and Jimmy Choo increased by 32 percent, 20 percent and 6 percent, respectively.
The firm’s more recent launches, including Jimmy Choo Rose Passion, Montblanc Signature Absolue and Explorer Platinum, and Coach Green and Love continued to be strong performers, said Inter Parfums, while mid-sized brands, Lanvin, Kate Spade, Rochas, Van Cleef & Arpels, and Karl Lagerfeld also achieved sales growth.
“We are continuing to dedicate appropriate resources to ensure maximum effort and output for our licensors, suppliers, distributors, and manufacturers, particularly as we head into the holiday season,” said Jean Madar, chairman and chief executive officer of Inter Parfums.
“We believe we are well positioned to meet the demand of our retailers and consumers on our way to another record year.”
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