Company: IPAR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001753926-25-001236
Chunk: 7

Company: INTERPARFUMS INC
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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Selling, general and administrative expenses
 
$
115.9

$
108.1

$
211.9

$
198.5

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

48.2
%

47.8
%

43.4
%

43.4
%

United States based operations

Selling, general and administrative expenses
 
$
46.0

$
47.9

$
90.9

$
91.9

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

48.0
%

39.8
%

47.8
%

42.5
%

The Company’s selling, general and administrative expenses as a percentage of net sales was 48.5% and 45.0% for the three and six months ended June 30, 2025 as compared to 45.6% and 43.6% for the three and six months ended June 30, 2024. The increase was largely driven by increased spending on promotional and advertising activities and increased employee related costs in both the second quarter and first half of 2025 as compared to the prior year periods.   

For European based operations, selling, general and administrative expenses increased 7% for both the three and six months ended June 30, 2025 as compared to the corresponding periods of the prior year, and represented 48.2% and 43.4% of net sales for the three and six months ended June 30, 2025, as compared to 47.8% and 43.4% for the three and six months ended June 30, 2024.  The increase in selling, general and administrative expenses as a percentage of net sales in the second quarter resulted from an increase in employee related costs due to a one time adjustment resulting from the ending of the 2022 free-share plan in France. For United States based operations, selling, general and administrative expenses decreased 3.9% and 1.0% for the three and six months ended June 30, 2025 as compared to the corresponding periods of the prior year, and represented 48.0% and 47.8% of net sales for the three and six months ended June 30, 2025, as compared to 39.8% and 42.5% for the three and six months ended June 30, 2024.