Company: IPAR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001753926-25-001236
Chunk: 51

Company: INTERPARFUMS INC
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 7
Chunk 51
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 base from 2024 in Australia and distribution disruptions in South Korea in the current year while the overall trend remains positive in China and Japan. Our net sales in Eastern Europe were also robust, up 14% in the six months ended June 30, 2025 as compared to the prior year period when we faced temporary sourcing constraints. Central and South America net sales increased 7%. Middle East and Africa net sales declined 19% primarily due to a disproportionate impact from the exit of the Dunhill license due to its significant presence. Excluding the impact of Dunhill, Middle East and Africa net sales declined 6% due to the impacts of the conflicts in the region and a reduction in the number of doors in many markets that are now more focused on higher-end luxury fragrances. 

Gross Profit Margin
 
Three Months Ended

Six Months Ended

    (in millions)

June 30,

June 30,

2025

2024

2025

2024

European based operations

Net sales
 
$
240.5

$
226.0

$
488.4

$
457.0

Cost of sales

76.1

70.6

161.5

153.8

Gross profit margin
 
$
164.4

$
155.4

$
326.9

$
303.2

Gross profit margin as a percentage of net sales

68.3
%

68.8
%

66.9
%

66.3
%

 United States based operations 

Net sales
 
$
95.8

$
120.2

$
190.1

$
216.0

Cost of sales

37.6

52.2

76.6

91.8

Gross profit margin
 
$
58.2

$
68.0

$
113.5

$
124.2

Gross profit margin as a percentage of net sales

60.7
%

56.5
%

59.7
%

57.5
%

The Company’s gross profit margin as a percentage of net sales was 66.2% and 65.0% for the three and six months ended June 30, 2025 as compared to 64.5% and 63.5% for the corresponding period of the prior year. The increase in the three and six months ended June 30, 2025 as compared to the prior year period was driven by favorable segment and brand mix