Company: IPAR
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001753926-25-000738
Chunk: 45

Company: INTERPARFUMS INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 7
Chunk 45
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9

39.6

Gross profit margin
 
$
55.4

$
56.2

Gross profit margin as a percentage of net sales

58.7
%

58.7
%    
 
The Company’s gross profit margin as a percentage of net sales was 63.7% for the three months ended March 31, 2025 as compared to 62.5% for the corresponding period of the prior year. The increase in the three months ended March 31, 2025 as compared to the prior year period was driven by favorable segment mix in the current year.   
 
For European based operations, gross profit margin as a percentage of net sales was 65.5% for the three months ended March 31, 2025, respectively, as compared to 64.0% for the corresponding period of the prior year. European based operations were positively impacted by brand and channel mix during the three months ended March 31, 2025 as compared to the prior year period. 

Page 20    

INTERPARFUMS, INC. AND SUBSIDIARIES
For United States based operations, gross profit margin as a percentage of net sales remained flat at 58.7% for the three months ended March 31, 2025 and 2024 due to consistent brand and channel mix. 
 
Generally, we do not bill customers for shipping and handling costs, which are included in selling, general and administrative expenses in the consolidated statements of income. As such, our Company’s gross profit may not be comparable to other companies, which may include these expenses as a component of cost of sales. 

Selling, general and administrative expenses

Three Months Ended 

     (In millions)

March 31,

2025

2024

 European based operations  

Selling, general and administrative expenses
 
$
96.0

$
90.4

Selling, general and administrative expenses as a percentage of net sales

38.7
%

39.1
% 

United States based operations

Selling, general and administrative expenses
 
$
44.9

$
44.0

Selling, general and administrative expenses as a percentage of net sales

47.6
%

46.0
%    
 
The Company’s selling, general and administrative expenses as a percentage of net sales were 41.6% for the three months ended March 31, 2025 as compared