Company: IPAR
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001753926-25-000738
Chunk: 44

Company: INTERPARFUMS INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 7
Chunk 44
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 for I Want Choo in the second half of 2025. Additionally, extensions are set to debut for Donna Karan Cashmere Collection, GUESS Bella Vita, and DKNY 24/7. While the pace of growth in the fragrance market is starting to slow down, the power of our diverse brand portfolio, in combination with our agile operating model, should help us gain market share.

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INTERPARFUMS, INC. AND SUBSIDIARIES

Net Sales to Customers by Region
 
Three Months Ended

  (In millions)

March 31,

2025

2024

North America
 
$
123.0

$
108.1

Western Europe

86.2

85.1

Asia/Pacific 

50.3

51.8

Central and South America

31.0

34.4

Middle East and Africa

22.7

27.1

Eastern Europe

25.6

17.5

$
338.8

$
324.0

In the three months ended March 31, 2025, net sales
in our largest market, North America, rose 14% as compared to the prior year
period, followed by an increase in the Western Europe of 1%. Our sales in Asia/Pacific decreased slightly by 3% driven by a higher base from 2024 in Australia. Our net sales in Eastern Europe were also robust, up 46% in the three months ended March 31, 2025 as compared to the prior year period where we faced temporary sourcing constraints. Central and South America net sales declined 10%, also off a high base in 2024 when the region grew 31%. Middle East and Africa net sales declined 16% due to macroeconomic challenges and a disproportionate impact from the exit of the Dunhill license due to its significant presence there. 

Gross Profit Margin
 
Three Months Ended 

    (in millions)

March 31, 

2025
 
2024 

European based operations

Net sales
 
$
247.8

$
231.0

Cost of sales

85.4

83.2

Gross profit margin
 
$
162.4

$
147.8

Gross profit margin as a percentage of net sales

65.5
%

64.0
% 

 United States based operations  

Net sales
 
$
94.3

$
95.8

Cost of sales

38.