Company: IPAR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001753926-25-001703
Chunk: 5

Company: INTERPARFUMS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 5
---
, the power of our diverse brand portfolio, in combination with our agile operating model, should help us gain market share.

Page 19

INTERPARFUMS, INC. AND SUBSIDIARIES

Net Sales to Customers by Region
 
Nine Months Ended

  (In millions)

September 30,

2025

2024

North America
 
$
414.8

$
397.4

Western Europe

288.5

281.0

Asia/Pacific 

140.8

154.2

Central and South America

99.6

88.9

Eastern Europe

81.1

76.8

Middle East and Africa

77.5

92.5

$
1,102.3

$
1,090.8

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