and morning, and call. Russ' is rolling. the you of say our want to CFO, started Good conference everyone, participating dedicated Russ take loyal to I thank Board in this ball In behalf Russ for call final you today's the Parfums. staff But And for will Directors, because our thank Inter today, XX I service. on the and years for past, of entire of our lead Greenberg,
has Russ and the deserved most you time family to his been well As to enjoys. announced devote and retiring it will next activities He earned that know, more has month. be he
not X. we and over the September officially in Inter June, take As reins on Parfums Michel will CFO announced Atwood strangers. are Michel
oversight proxy than ELC's finance Global XXXX. spearheading a of capacities team to is final of our fill Board X, Also, key Russ vacating a senior XX the We Estée a was division the strategic where September also to the have at in in most XX and title fragrance of people the years have Lauder Finance Prestige at led Shareholders at recently category CFO across his Gamble, on team. he of as in worked for our finance spent ultimately, with Michel Michel the of team included & Meeting divestiture we globe him Coty. material providing member Annual that seat and, more various of Strategy, at was leading companies where Fragrances, various Procter past. Divisional He professionals Vice leadership as President,
all thank So again, with this time you, Russ, us. for
For owned while when we anyone XX% our is Fragrance called operations, mind new refer Interparfums French our we Atlantic, in subsidiaries. to U.S.-based European-based the products. talking subsidiary wholly business keep are operations about refer Prestige our In SA, Parfums, to sides our domestic our owned both primarily and related to of that Inter
we approximately I First, net which sales raised address billion to $X.XX. $X XXXX want to month and in our guidance, of EPS last diluted
any that for time, cautious. we know traditionally Parfums Inter of length know you you are If
the we inpredictability strongest is solid, international But who by are are third among visibility the quarter, is of and While be. crisis where the through knows halfway newsworthy will Europe, China clouded and our tomorrow, Taiwan Eastern quarter, the most turmoil. our today. historically business
into try orders. currency forecasting to the to guidance imperfect and the of is in book While adjust factor regional fluctuations, prefer after we we implications resurgence guidance our COVID-XX and we
sales around compared U.S. of by growth Moving despite been has for the IT upward so on, achieved largest the Year-to-date, the to European-based the the and distribution Euro. Dollar our North trajectory world our of an problems industry fragrance on has strength business. subsidiary products our market, America, and X% the
XX%, our For Europe half, grew respectively. second and by the sales Asia-Pacific, Western XX% first third markets and and largest
XX%. and Our by Central XX%. sales in this sales East South our thus far sales in Eastern Middle in XX% Understandably, Europe rose and the America year declined increased by
first products and sales Incremental in were I sales Choo our sales the our a good also Kate big Wild in retail. Moncler. Fortunately, Jimmy progress in we factored XX% strength Six And Rose dollars. and and MCM debut renaissance X% launched year our Take a XX% in roll in talked out last with in-flight line enjoying into shoppers In dollar continuing release brands. and but second a products to largest of the masked Red, how Legend of dollars. we Euro months are were rose packed the just about are and just Fragrances sales and do what our deal travel of Sparkle, month, Ferragamo, for the eager last see three in half Montblanc see continued Euro, figures duty-free first are notably Euro, our Uomo. I ahead travel second, success top in flies as to but jewel quarter half been stores. in Coach Spade GUESS dollars. sales we XX% in Ungaro growth. the in first confounding. have of only from Coach under XX% up quarter. European-based Montblanc's at XX%
share brand, fourth XX%, and have growth year among and collection last year, Our Uomo fragrance largest the GUESS Effect half market first grooming products sales experienced men. of with GUESS captured this
Take Europe. business, midsized things too. & very percolate. to starting small sales with are are with last travel a ahead of Abercrombie amenities infusion of Still half coming good are brands sales first part happening from Some large XX% our year of Fitch, a our
in of to I looking opened are Turkish to and has selected Kempinski, found accessory Ferragamo the its be the have as as many travel ever we most may The We Atlantis partner. the be Lungarno hotels continued supplier those Dubai, deluxe double chain. in year. Graff encountered this sales such be Airlines. Sofitel Lanvin and which can amenities hotel recently just
Karan pleased very our DKNY We are welcome to and to Donna portfolio.
inventory licensee, for scents from have assembled legacy also year-end. will pros a for producing be through We of former us and real team who brands these the acquired
upon to of build the So fully these prepared are names. appeal we
but brand in new I product pipeline for the most them We could than year, launches coming have the many pillars. rather new as describe of extensions
major grow. Fortunately, to to for launches business our not we need do continue
around Some of decades. even best for have sellers our years, been
rather in works until next all But We also of and are Ungaro launches major product new hold to year. DKNY them. XXXX have than decided Karan, for Donna the flankers Ferragamo, and on off for extensions
will the names. new more discuss able our on are And our about next to for call. XXXX plans lookout conference We still yes, we be on
with two have targets. for and with great types brands Those potential. established fragrance We aspirational offering of businesses
We for are brands A of profiles. of one those partners on fit that the now fragrance list
competitors. on However, CEO of XX-year-old a we there ahead. this of anticipated eager sometimes the cusp of the Parfums is To growth for no is prepare see an like Inter shortage expected growth, surge. I feel start-up.
of space on course, taken at York headquarters. Florence, We are have and we City Geneva. And Paris New in established our more
are undergoing the is finish programs warehouse resource ERP functions. and system and The scanning related third-party move, using an Our New encompassing closer line. is enterprise refurbishment. Jersey a And and management, ERP distribution implementation getting systems ambitious to our assist It in planning, inventory overall. moving management forward, systems we and warehouse inventory to also, cloud-based is
Wall We XX expect seen the transition issue operations. have for of from may which quoted the in to Journal the away I complete topic, related sourcing by fully July move U.S. about was our you in On year-end. a Street China somewhat our
We of that shifting the we products lessons reopened became made-in-China and China components the task. of outweighed COVID come that factory to logistics are U.S. needed the back in matter, access where Shanghai One impossible ocean. an often getting and from and rates learned labor aftermath on to are in them was for the were shipping too labor is cheaper, cheap shipping China, because countries decided have our past, of they cost where, still down, has operations dependence other capacity even far impossible. the across Even the reducing the the now though
nearly XX% suppliers U.S. U.S. and have being of the We engaged by produced parts are the companies.
and operation XXXX, filling Our nearly in and is assembly Europe plan is and have in the company-wide. U.S. all to that by
While less are China fragrance important big becoming its market spenders a and important growing, has in it us it to Chinese as is is shoppers is market. infancy. a penetration becoming been increasingly still but supplier, as fine
sorts, engaged advertising, groups, key up-and-coming that much Lanvin, stepped K-Pop have popular We Anna extraordinarily including course all up of of leaders, effort. occupy of Ferragamo China. celebrities are in and which Sui opinion our
regular learning average and depending proficient coming of costs at two Fall. our moderate another the becoming the between adapt to adapting this region, projecting increase prices price inflation on norm. are we and means X% upon more years the X%, where of is increase start the are At to We raised That becoming future. and X% and XXXX, into price pricing
Now review. I financial will turn the of the to Russ call for some over
