On Thursday, July 23rd Inter
Parfums declined over 10% to $29.94 per share. The decline was caused by
preliminary Q2 revenue miss expectations. The company’s US based operations
have shown solid growth but has been mitigated by continued negative market
conditions in Eastern Europe and China. For instance, the company’s Anna Sui
brand based in China saw a 24% decline in sales. These headwinds are expected
to continue throughout the remainder of 2015, which is why the company is
developing new products and global brand strategies for 2016.
As of July 25th, 2015 the
stock price of IPAR is $29.75
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