NEW YORK — Inter Parfums Inc., after announcing an exclusive deal for bath and body products for Gap and Banana Republic, said Wednesday net sales jumped 31.5 percent in the second quarter to $61.4 million from $46.7 million a year ago.
For the first half of 2005, net sales were up 26 percent to $132.5 million. At comparable exchange rates, sales gained 24 percent. The firm said the Burberry Brit scent led the sales gain for the second quarter.
In addition to the new Gap and Banana scents, which are expected to launch in 2007 and next year, respectively, Inter Parfums will roll out Tumulte by Christian Lacroix in August, Arpège Pour Homme by Lanvin in the fall and Burberry Brit Gold in time for this holiday season. The company expects to adjust its earnings guidance for 2005 to account for the new launches.
Regarding Inter Parfums SA, the Paris-based subsidiary of U.S.-based Inter Parfums Inc., the firm said second-quarter sales shot up 43.8 percent to 44 million euros, or $56.6 million. For the first half, its sales rose 31.8 percent to 91.2 million euros, or $117.3 million. Dollar figures are at the average exchange rate. At constant exchange rates, sales in the first half spiked 35.1 percent.
Also in the half, Burberry represented 67.7 percent of the subsidiary’s business, generating 61.7 million euros, or $79.4 million, in sales, a 13.5 percent increase year-on-year. Lanvin rang up 13.2 million euros, or $17 million, representing more than 14 percent of the firm’s activity. Paul Smith, Inter Parfums SA’s third-biggest license, boasted sales of 6.5 million euros, or $8.4 million.
“Taking into account the launches planned for the fall — Tumulte by Christian Lacroix and Arpège Pour Homme by Lanvin — the firm confirms its sales objective of 192 million euros [$232 million] for 2005, representing growth of 22 percent over 2004,” Inter Parfums SA said in a statement.
The company is expected to report earnings on Aug. 8.