Interparfums, Inc. Announces Initial 2026 Guidance

Rhea-AI Summary

Interparfums (NASDAQ: IPAR) issued initial guidance for fiscal 2026, forecasting net sales of $1.48B (up 1% vs. 2025) and diluted EPS of $4.85 (down 5% vs. 2025). Management cited foreign exchange gains offsetting the expiration of the Boucheron license and said macroeconomic headwinds and inventory destocking should persist into 2026. The company plans incremental investments to support new-brand development (Off-White, Longchamp) and broader portfolio launches, and expects distribution ramps and major brand launches to drive stronger results in 2027. Solférino expansion into ~50 additional doors in H1 2026 and redesigned Goutal distribution in 2026 were highlighted as partial offsets to near-term pressures.

Positive

• Net sales forecasted at $1.48B (+1% vs 2025)
• Solférino to expand into ~50 additional doors in H1 2026
• Foreign exchange gains expected to partially offset Boucheron expiration impact

Negative

• Diluted EPS guidance $4.85, down 5% vs 2025
• Boucheron licensing agreement expires end of 2025, creating revenue pressure in 2026
• Near-term earnings pressure from tariffs and brand-development investments

Insights

Equity Strategist

Guidance shows modest revenue growth but EPS pressure from one‑time items and brand investment, implying near‑term pause before expected 2027 ramp.

The company projects $1.48B in net sales for 2026, a +1% increase versus 2025, while diluted EPS is forecast at $4.85, a (5%) decline from 2025. The sales gain is described as modest and driven partly by foreign exchange, while EPS declines reflect prior one‑time tax gains, tariff impacts, and planned investments to develop new licensed brands.

Key dependencies and risks include the timing and success of new brand rollouts (Off‑White and Longchamp scheduled for distribution in 2027), continued inventory destocking, and tariff exposure that management cites. Management expects some FX benefit and plans pricing and operational actions to offset tariff effects, but those mitigations are described as partial.

Concrete items to watch: actual quarterly sales and margin trends through H1 2026, progress on the $4.85 EPS drivers versus the prior tax gain, and the start of Off‑White/Longchamp distribution in 2027. Near term (next 6–12 months) monitor inventory channels and tariff disclosures; the main inflection for growth is described for 2027.

NEW YORK, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) (“Interparfums” or the “Company”) today announced initial guidance for its fiscal year ending December 31, 2026.

Guidance	2026E		2025E		% Change
Net Sales	$1.48B		$1.47B		+1%
Diluted EPS	$4.85		$5.12		(5%)

Management Commentary
Jean Madar, Chairman & Chief Executive Officer of Interparfums noted, “In 2026, we will focus on consolidation and lay the foundations for long term, profitable growth. While current market dynamics largely influence a conservative outlook for 2026, we expect 2027 to be a very strong year as we ramp up the distribution of our newest brands.

“While we remain focused on delivering a strong pipeline of new fragrances in the coming year, broader macroeconomic challenges and ongoing inventory destocking are expected to persist into 2026. Despite these pressures, we anticipate a modest increase in net sales over our 2025 guidance, with foreign exchange gains offsetting the impact from the expiration of our license for Boucheron.

“We expect earnings per diluted share of $4.85 for full year 2026, representing a 5% decline from our 2025 guidance. This outlook reflects the one-time tax gains recognized in 2025, as well as the impact of tariffs and the investments we are making to develop our newest brands, Off-White and Longchamp, which are scheduled to begin distribution in 2027. We will also make incremental investments to support upcoming launches across our broader portfolio, including Solférino and Annick Goutal. While these initiatives create near-term pressure, our operational agility and proactive pricing action will help partially offset tariff-related impacts, and position us for healthy, sustainable growth as we enter 2027.

“For our European based operations, we plan to introduce a series of strategic extensions across our key brands. For Coach, we are introducing two offerings, one for men and one for women, that build on the brand’s signature scents. For Lacoste, we will bring fresh interpretations to market within both the Original franchise and the L.12.12 line. We are also launching a men’s extension for Jimmy Choo and expanding Montblanc’s Legend franchise. We will further strengthen the portfolios of Rochas, Karl Lagerfeld, Van Cleef & Arpels, and Lanvin with a new wave of fragrances.

“Our owned brand, Solférino, has made a very encouraging start, and we expect to expand into an additional 50 doors in the first half of 2026. We will also begin distribution of the redesigned Goutal fragrances in 2026. These should partially offset the impact of Boucheron's expiration, as its licensing agreement concludes at the end of 2025, with the remaining fragrances being sold off through the following year.”

He continued, “For our United States based operations, we are set to debut captivating extensions across our largest brands, including GUESS Iconic, featuring a new male scent, plus an addition to the Cashmere Collection, named Cashmere & Rose Absolu. We also plan to bring to market alluring duos within Roberto Cavalli’s Just Cavalli and Marbleous fragrance lines. For Ferragamo, a new collection is in the works, plus extensions for Signorina and Fiamma, following the debut of this new pillar earlier this year. Additionally, we will introduce special edition fragrances, including the 50th Anniversary collection for MCM, as well as a new creation for MCM Eau de Parfum line. Lastly, we will launch new extensions for the Oscar de la Renta Esprit and New York lines to maintain the momentum achieved for this brand.”

Mr. Madar concluded, “The investments we are making in 2026 will set our future brands up for success and serve our core brands with a strong pipeline of blockbuster launches in 2027, namely Montblanc, GUESS, Ferragamo, and Cavalli, setting the stage for us to accelerate our profitable growth. We also anticipate that the current macroeconomic headwinds will moderate by late 2026, providing a more favorable environment and positioning us for a stronger outlook in 2027 and beyond.”

About Interparfums, Inc.:
Operating in the global fragrance business since 1982, Interparfums, Inc. produces and distributes a wide array of prestige fragrance and fragrance related products under license and other agreements with brand owners. The Company manages its business in two operating segments, European based operations, through its 72% owned subsidiary, Interparfums SA, and United States based operations, through wholly owned subsidiaries in the United States and Italy.

Our portfolio of prestige brands includes Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Donna Karan/DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, Longchamp, MCM, Moncler, Montblanc, Oscar de la Renta, Roberto Cavalli, and Van Cleef & Arpels, whose products are distributed in over 120 countries around the world through an extensive and diverse network of distributors. Interparfums, Inc. is also the registered owner of several trademarks including Lanvin, Rochas, and Solférino. Goutal and Off-White will join the Company’s fragrance portfolio in 2026.

Forward-Looking Statements:
Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions, or expectations will be achieved. In some cases, you can identify forward-looking statements by forward-looking words such as "anticipate, "believe", "could", "estimate", "expect", "intend", "may", "should", "will", and "would" or similar words. You should not rely on forward-looking statements, because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Interparfums' annual report on Form 10-K for the fiscal year ended December 31, 2024, and the reports Interparfums files from time to time with the Securities and Exchange Commission. Interparfums does not intend to and undertakes no duty to update the information contained in this press release.

Contact Information:
Interparfums, Inc.	or	The Equity Group Inc.
Michel Atwood		Karin Daly
Chief Financial Officer		Investor Relations Counsel
(212) 983-2640		(212) 836-9623 / kdaly@theequitygroup.com
www.interparfumsinc.com		www.theequitygroup.com

FAQ

What is Interparfums (IPAR) 2026 revenue guidance?

Interparfums guided to $1.48 billion in net sales for fiscal 2026, a 1% increase versus 2025 guidance.

What 2026 EPS did Interparfums (IPAR) forecast and why is it down?

Interparfums forecasted $4.85 diluted EPS for 2026, a 5% decline versus 2025, citing one-time 2025 tax gains, tariffs, and investments in new brands.

How will the expiration of the Boucheron license affect Interparfums in 2026?

The Boucheron license concludes at end of 2025; management said remaining fragrances will sell through 2026 and the expiration partly pressures 2026 results.

When will Interparfums begin distribution of Off-White and Longchamp fragrances?

Distribution for Off-White and Longchamp is scheduled to begin in 2027, per company guidance.

What operational actions is Interparfums taking to support growth after 2026?

Interparfums plans portfolio extensions, brand launches, pricing actions, and investment in new-brand distribution to position for stronger growth in 2027.