Inter Parfums Q2 net sales rise 2% to $341 million - IPAR News | RalliesInter Parfums Q2 net sales rise 2% to $341 million
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IPAR• Q2 and first-half sales increase
- Inter Parfums posted Q2 net sales of $341 million, up 2% from $334 million; first-half net sales rose 2% to $686 million.
- European-based net sales fell 4% to $231 million; first-half sales slipped 1% to $483 million.
- U.S.-based net sales jumped 18% to $113 million; first-half sales increased 10% to $209 million.
- Foreign exchange added about 1% to Q2 sales growth; average dollar/euro rate was 1.16 versus 1.13 a year earlier.
- Management cited a 3% Q2 sales headwind from the Middle East war; excluding it, organic sales rose 4%.
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