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Exhibit 99.1 interparfums , inc . FOR IMMEDIATE RELEASE INTER PARFUMS , INC . REPORTS 2021 FIRST QUARTER RESULTS Net Sales Increase 37 % Versus 2020 and 11 % Ahead of 2019 EPS up 172 % from 2020 and 45 % from 2019 New York , New York , May 10 , 2021 : Inter Parfums , Inc. ( NASDAQ GS : IPAR ) today reported results for the first quarter ended March 31 , 2021. The average dollar / euro ratio for the current first quarter was 1.20 compared to 1.10 in the first quarter of 2020 and 1.14 in the first quarter of 2019 . ( $ in millions , except per share data ) 2021 2021 v 2020 2020 2019 2021 v 2019 Net Sales $ 198.5 37 % $ 144.8 $ 178.2 11 % Gross Margin 63.1 % 160 bps 61.5 % 61.6 % 150 bps Operating Income $ 48.0 170 % $ 17.8 $ 33.3 44 % Operating Margin 24 % 1200 bps 12 % 19 % 500 bps Net Income ( attributable to IP ) $ 27.7 175 % $ 10.1 $ 18.9 47 % Diluted EPS $ 0.87 172 % $ 0.32 $ 0.60 45 % Jean Madar , Chairman & CEO of Inter Parfums , Inc. noted , “ Comparisons with the first quarter of last year are not especially meaningful because of the outbreak of the COVID - 19 virus and concurrent closures and restrictions imposed worldwide . As shown above , 2021 first quarter sales well exceeded those of the pre - pandemic first quarter of 2019 as did all profitability measures . Our business has been especially strong in regions where lockdowns have been lifted , stores have reopened and life has returned to near pre - pandemic standards , most notably North America and Asia , where our sales rose 56 % and 34 % , respectively . On the other hand , Western Europe has not regained its footing and restrictions and closures have again been imposed in connection with the third wave of COVID - 19 infections . We've also seen business bounce back in the Middle East , Eastern Europe and Central and South America , growing 32 % , 125 % and 22 % , respectively . " He continued , " We continue to believe that our business model , financial resources , distribution network , and talented staff could support a substantially larger business . To accelerate our pace of growth , we have been actively pursuing prospective license agreements with brands who are seeking a new partner to jumpstart their fragrance franchise . While there can be no assurance that any agreements will be finalized , adding valued brands to our portfolio is a top corporate priority . " Mr. Madar concluded , “ The rollout of products launched in the first quarter is continuing , including Alibi for Oscar de la Renta , Bella Vita for GUESS , our MCM debut scent , and Canyon Escape for Hollister . Brand extensions dominate our new product pipeline for the remainder of the year including flankers for Montblanc Explorer , Coach Dreams , Jimmy Choo Urban Hero , the Oscar de la Renta Bella family , the Hollister Wave collection , and the Anna Sui Fantasia pillar . Entirely new fragrances are planned for the coming quarters as well , including a Lanvin women's line , a new duo for Abercrombie & Fitch , Dunhill's Driven collection for men , and a men's grooming collection for GUESS . ” Inter Parfums , Inc. News Release May 10 , 2021 Page 2 Russell Greenberg , Executive Vice President and CFO , pointed out , “ The 37 % increase in first quarter sales , while welcome ,