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interparfums , inc . FOR IMMEDIATE RELEASE INTER PARFUMS , INC . REPORTS 2021 THIRD QUARTER RESULTS Compared to 2019 , 37 % Increase in Sales and 82 % Increase in EPS Exhibit 99.1 New York , New York , November 8 , 2021 : Inter Parfums , Inc. ( NASDAQ GS : IPAR ) today reported results for the third quarter ended September 30 , 2021 . Third Quarter Highlights : ( $ in millions , except per share data ) 2021 2020 2019 2021 v 2019 Net Sales $ 263 $ 161 $ 191 37 % Gross Margin 64 % 61 % 60 % 400 bps Operating Income $ 68 $ 31 $ 37 85 % Operating Margin 26 % 20 % 19 % 700 bps Net Income attributable to IP $ 38 $ 17 $ 21 84 % Diluted EPS $ 1.20 $ 0.52 $ 0.66 82 % In light of the near cessation of business in the second quarter of 2020 , the Company is comparing its current nine month results with those of 2019. For the first nine months of 2021 , net sales rose 25 % to $ 669 million from $ 536 million in the same period of 2019. Year - to - date net income attributable to Inter Parfums , Inc. rose 70 % to $ 89 million compared to 2019's $ 52 million . For the nine months ended September 30 , 2021 and 2019 , diluted earnings per share were $ 2.79 and $ 1.64 , respectively , for an increase of 70 % . Jean Madar , Chairman & CEO of Inter Parfums , Inc. noted , " As we reported last month , our largest brands , notably Montblanc , Jimmy Choo , Coach , GUESS and Lanvin performed exceptionally well in the current third quarter turning in gains of 26 % , 40 % , 98 % , 27 % , and 37 % , respectively , as compared to 2019's third quarter . Year - to - date , these brands generated sales increases of 11 % , 39 % , 56 % , 44 % and 12 % , respectively , versus the first nine months of 2019. ” Discussing year - to - date growth in the Company's major markets , Mr. Madar stated , “ North America , our largest market , leads the way with sales up 140 % and 67 % compared to the same period in 2020 and 2019 , respectively . Gains were also achieved in Western Europe where sales rose 38 % and 6 % from the first nine months of 2020 and 2019 , respectively . Thus far this year , sales in Asia are running 72 % and 10 % ahead of 2020 and 2019. Other markets including the Middle East , Central and South America and Eastern Europe achieved substantial sales gains over 2020 and only the Middle East did not surpass 2019 sales levels . " On the subject of plans for 2022 , Mr. Madar continued , “ In the coming year , an extensive new product pipeline is in the works . Our debuting scents for Moncler , Moncler Pour Homme and Moncler Pour Femme will rollout in early 2022 to thousands of doors , accompanied by a full - scale advertising and promotional campaign . We've recently previewed the scents in several hundred doors and the sell - through has been overwhelmingly positive . New men's fragrance pillars are debuting for Coach , GUESS and Boucheron . "