Company: IPAR
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001753926-25-000738
Chunk: 38

Company: INTERPARFUMS INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 7
Chunk 38
---
: (b)

Cost of sales

38,966

85,382

Eliminations (a)

—

(1,506
)

Segment gross margin

55,379

160,598

215,977

Less: (b)

Advertising and Promotion

15,388

36,140

Employee related costs

13,865

18,188

Royalties

7,038

21,023

Other segment items (c)

8,627

20,631

Segment income from operations

$
10,461

$
64,616

$
75,077

Reconciliation:

Interest expense

1,545

Loss on foreign currency

781

Interest and investment income

(581
) 

Other income

(79
) 

Income before income taxes

$
73,411

Page 14    

INTERPARFUMS, INC. AND SUBSIDIARIES   Notes to Consolidated Financial Statements       

Three months ended March 31, 2024

United States
based operations 

European
based operations 

Total

Net sales

$
95,768

$
230,957

$
326,725

Eliminations (a)

—

(2,762
)

(2,762
) 

95,768

228,195

323,963

Less: (b)

Cost of sales

39,599

83,189

Eliminations (a)

—

(1,210
)

Segment gross margin

56,169

146,216

202,385

Less: (b)

Advertising and Promotion

14,934

33,390

Employee related costs

12,487

18,165

Royalties

7,171

20,018

Other segment items (c)

9,423

18,824

Segment income from operations

$
12,154

$
55,819

$
67,973

Reconciliation:

Interest expense

1,807

Gain on foreign currency

(905
) 

Interest and investment income

(3,020
) 

Other expense

38

Income before income taxes

$
70,053

(a)
Eliminations of intercompany sales relate to European based operations products sold to United States based operations. 

(b)
The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. 

(c)
Other segment items for each reportable segment include expenses for professional services, travel & entertainment, rent, warehousing, shipping, depreciation & amortization, and other selling,