Company: IPAR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001753926-25-001703
Chunk: 51

Company: INTERPARFUMS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 7
Chunk 51
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090.8

In the nine months ended September 30, 2025, net sales in our largest market, North America, rose 4% as compared to the prior year period, followed by an increase in Western Europe of 3%. Our sales in Asia/Pacific decreased by 9% driven by distribution disruptions in South Korea and India in the current year. Our net sales in Eastern Europe were also robust, up 6% in the nine months ended September 30, 2025 as compared to the prior year period when we faced temporary sourcing constraints. Central and South America net sales increased 12%. Middle East and Africa net sales declined 16% primarily related 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 7% 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

Nine Months Ended

    (in millions)

September 30,

September 30,

2025

2024

2025

2024

European based operations

Net sales
 
$
295.3

$
282.4

$
783.6

$
739.4

Cost of sales

100.5

95.5

262.0

249.3

Gross profit margin
 
$
194.8

$
186.9

$
521.6

$
490.1

Gross profit margin as a percentage of net sales

66.0
%

66.2
%

66.6
%

66.3
%

 United States based operations 

Net sales
 
$
137.1

$
146.1

$
327.2

$
362.1

Cost of sales

57.4

59.6

134.0

151.4

Gross profit margin
 
$
79.7

$
86.5

$
193.2

$
210.7

Gross profit margin as a percentage of net sales

58.1
%

59.2
%

59.0
%

58.2
%

The Company’s gross profit margin as a percentage of net sales was 63.5% and 64.4% for the three and nine months ended September 30, 2025 as compared to 63.9% and