Company: IPAR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001753926-25-001236
Chunk: 6

Company: INTERPARFUMS INC
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 6
---
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 in the current year.   

For European based operations, gross profit margin as a percentage of net sales was 68.3% and 66.9% for the three and six months ended June 30, 2025, respectively, as compared to 68.8% and 66.3% for the corresponding period of the prior year. European based operations were negatively impacted by brand and channel mix during the three months ended June 30, 2025 as compared to the prior year period, while brand and channel mix were favorable overall in the first half of 2025. 

Page 20

INTERPARFUMS, INC. AND SUBSIDIARIES

For United States based operations, gross profit margin as a percentage of net sales was at 60.7% and 59.7% for the three and six months ended June 30, 2025 respectively, as compared to 56.5% and 57.5% for the corresponding periods of the prior year. The increase in both periods was mainly driven by the discontinuation of Dunhill products which were sold at lower margins in 2024 as is customary during sell-off periods.  

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 goods sold.  

Selling, general and administrative expenses

Three Months Ended

Six Months Ended

     (In millions)

June 30,

June 30,

2025

2024

2025

2024

 European based operations