Welcome to our dedicated page for Inter Parfums news (Ticker: $IPAR), a resource for investors and traders seeking the latest updates and insights on Inter Parfums stock.
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Rhea-AI Summary
Inter Parfums, Inc. reported record net sales of $324 million for the first quarter of 2024, a 4% increase from the same period in 2023. European product sales remained flat, while U.S. product sales surged by 18%. The positive foreign exchange impact was 0.6% due to exchange rate fluctuations. Despite challenges in Eastern Europe and declines in some fragrance lines, the company remains optimistic about future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.58%
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Rhea-AI Summary
Inter Parfums, Inc. (NASDAQ GS: IPAR) has scheduled to release its financial results for the first quarter of 2024 on May 7, 2024. The company will host a conference call on May 8, 2024, to discuss the results and business operations. Interested parties can participate in the call and access a live webcast on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
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Rhea-AI Summary
Inter Parfums, Inc. (IPAR) reported strong financial results for Q4 and full year 2023, with net sales up 6% and 21% respectively, operating income up 29%, and diluted EPS up 26%. The company's top brands performed well, with significant growth across regions. The CFO highlighted achieving the 2023 bottom line goal despite a tax assessment. The company reaffirmed its 2024 guidance of $1.45 billion in net sales and $5.15 EPS, with a 20% increase in cash dividend. IPAR also announced a share buyback program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.48%
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Rhea-AI Summary
Inter Parfums, Inc. (NASDAQ: IPAR) will release financial results for Q4 and full year 2023 on February 27, 2024. A conference call to discuss results and operations will be held on February 28, 2024. Interested parties can join via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
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Rhea-AI Summary
Inter Parfums, Inc. (NASDAQ: IPAR) reported a 6% increase in net sales to $329 million for the three months ended December 31, 2023, and a 21% increase to $1.32 billion for the full year. European-based product sales rose 2% to $200 million for the quarter and 16% to $862 million for the year, while U.S.-based product sales grew 13% to $128 million for the quarter and 33% to $456 million for the year. The company's management expressed confidence in gaining further market share in the years ahead and delivering another record year in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.8%
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Rhea-AI Summary
Inter Parfums, Inc. (IPAR) expects 2024 net sales of $1.45 billion, resulting in earnings per diluted share of $5.15, representing a 12% increase in net sales and an 8% increase in earnings per diluted share compared to 2023. The company plans to launch new fragrances, extend existing lines, and expand into new markets, aiming for 5% organic growth in established brands globally. However, the rate of sales growth exceeds that of earnings due to launch investments, and Lacoste non-cash amortization expense is expected to reduce earnings per diluted share by approximately $0.11.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.02%
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Rhea-AI Summary
Inter Parfums, Inc. (IPAR) Affirms FY2023 Net Sales Guidance; Increases FY2023 Net Earnings Guidance by 26% to $4.75 per diluted share. Third quarter 2023 financial highlights show a 31% increase in net sales to $368 million, a 29% increase in gross profit to $235 million, and a 28% increase in net income to $53 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
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Rhea-AI Summary
Inter Parfums to release Q3 2023 financial results on November 7 and host conference call on November 8.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
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Rhea-AI Summary
Inter Parfums reports a 31% increase in net sales for the third quarter of 2023, reaching $368 million. European based product sales rose by 18% and United States based product sales increased by 64%. The company attributes the growth to strong market conditions, new product launches, brand extensions, and the popularity of their legacy scents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.44%
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Rhea-AI Summary
Inter Parfums announces new board member and retirement of two directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.93%
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Inter Parfums Inc
Nasdaq:IPAR
IPAR Rankings
IPAR Stock Data
3.80B
18.06M
43.67%
57.74%
1.18%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
United States of America
NEW YORK
About IPAR
founded in 1982, interparfums, inc. develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for abercrombie & fitch, anna sui, boucheron, coach, dkny, donna karan, dunhill, ferragamo, graff, guess, hollister, jimmy choo, karl lagerfeld, kate spade, mcm, moncler, montblanc, oscar de la renta, repetto, s.t. dupont, ungaro and van cleef & arpels. interparfums is also the owner of lanvin fragrances and the rochas brand. through its global distribution network, the company’s products are sold in over 120 countries.