Inter Parfums Sees FY15 Sales, Earnings Below Consensus

(RTTNews) - Inter Parfums, Inc. (IPAR) on Monday announced preliminary 2015 guidance which calls for growth in net sales of about 7% compared to 2014's net sales guidance on a constant currency basis.

Based on current foreign currency exchange rates, the company expects net sales for 2015 of about $500 million.

Preliminary guidance for 2015 earnings is in the range of $0.95 to $0.98 per share compared to the 2014 guidance range of $0.93 to $0.95.

The guidance assumes the dollar remains at current levels.

Analysts polled by Thomson Reuters currently expect the company to earn $1.14 per share on revenue of $534.50 million for the full year 2015.