Welcome to our dedicated page for Interparfums news (Ticker: IPAR), a resource for investors and traders seeking the latest updates and insights on Interparfums stock.
Interparfums Inc (IPAR) is a global leader in prestige fragrances and cosmetics, operating as the exclusive licensee for luxury brands including Coach, Jimmy Choo, and Montblanc. This page provides investors and industry professionals with centralized access to all material news and official announcements from the company.
Discover up-to-date information on IPAR's financial performance, product innovations, licensing partnerships, and global distribution developments. Our curated collection includes earnings reports, strategic initiatives, leadership updates, and regulatory filings - all essential for understanding the company's position in the luxury beauty sector.
Key updates cover fragrance launches, international market expansions, and brand portfolio changes while maintaining strict compliance with financial disclosure standards. The content is regularly updated to reflect IPAR's evolving business landscape and industry trends.
Bookmark this page for convenient access to critical information that shapes understanding of Interparfums' market performance and strategic direction. Check back frequently for the latest developments from this innovator in luxury scent creation and distribution.
Interparfums has announced that its 72% owned French subsidiary, Interparfums SA, has secured all Off-White brand names and registered trademarks for Class 3 fragrance and cosmetic products. The company will begin commercial use of the fragrance brands after an existing license expires on December 31, 2025.
Founded in 2012 by the late designer Virgil Abloh, Off-White is recognized for its high-end streetwear influences, conceptual dimension, deconstructionist aesthetic, and distinct brand symbols. The partnership aims to explore new opportunities in the luxury fragrance sector.
Interparfums (NASDAQ: IPAR) has released its initial 2025 guidance, projecting 4% growth in both net sales and earnings per share. The company expects net sales of $1.51B and diluted EPS of $5.35 for 2025. The growth will be driven by established brands and new innovations across their prestige portfolio, including extensions for Montblanc Explorer, Jimmy Choo Man, and Coach lines. Notable initiatives include launching the proprietary brand Solférino with 10 fragrances, introducing new GUESS and MCM collections, and expanding into new personal care categories.
Interparfums reported record Q3 2024 results with net sales reaching $425M, up 15% from 2023. The company achieved a gross margin of 63.9% and operating income of $106M, up 22%. Third quarter sales growth was strong across major markets: North America (+12%), Western Europe (+25%), and Asia/Pacific (+15%). The newly acquired Roberto Cavalli and Lacoste fragrance lines contributed 10% to Q3 topline performance. The company maintains its 2024 guidance of $1.45B in net sales and $5.15 earnings per diluted share. A quarterly dividend of $0.75 per share will be paid on December 31, 2024.
Interparfums, Inc. (NASDAQ GS: IPAR) reported record third-quarter net sales of $425 million, up 15% from $368 million in Q3 2023. European-based net sales increased 21% to $282 million, while U.S.-based net sales rose 9% to $146 million. The company's performance was driven by:
1. Strong global fragrance market
2. Solid performance of largest brands
3. Addition of Lacoste and Roberto Cavalli brands, contributing 10% to growth
4. Jimmy Choo and Montblanc sales growth of 17% and 10% respectively
5. GUESS sales growth of 16%
Interparfums reaffirmed its 2024 guidance of $1.45 billion in net sales and earnings per diluted share of $5.15. The company will announce its initial full-year 2025 guidance on November 12, 2024.
Inter Parfums, Inc. (NASDAQ GS: IPAR) reported record second quarter results for 2024. Key highlights include:
- Net sales increased 11% to $342 million
- Gross margin expanded 360 bps to 64.5%
- Operating income rose 18% to $65 million
- Diluted EPS grew 5% to $1.14
The company saw double-digit sales growth in major markets, with Central and South America showing exceptional 26% growth. New brands Roberto Cavalli and Lacoste performed above expectations. Inter Parfums reaffirmed its 2024 guidance of $1.45 billion in net sales and $5.15 in diluted EPS. The company also announced a quarterly dividend of $0.75 per share.
Inter Parfums, Inc. (NASDAQ GS: IPAR) reported record Q2 2024 net sales of $342 million, up 11% from $309 million in Q2 2023. European-based net sales increased 14% to $226 million, while U.S.-based net sales grew 8% to $120 million. The company reaffirmed its 2024 guidance of $1.45 billion in net sales and $5.15 earnings per diluted share.
Key brand performances include:
- Jimmy Choo: 31% sales growth
- Montblanc: Slight decline, but expecting significant increase in H2
- Coach: Flat sales for H1 2024
- GUESS and Donna Karan/DKNY: Up 8% and 14% respectively in H1 2024
The company also announced the renewal of its Van Cleef & Arpels license for an additional 9 years, starting January 1, 2025.
Inter Parfums, Inc. reported first-quarter 2024 results in line with expectations, with a 4% increase in net sales compared to the prior year. The gross margin decreased by 260 basis points, while the operating income and diluted EPS declined by 25% each. The company noted a moderation in sales growth due to inventory destocking after strong sales performance in the previous year. Despite challenges in certain regions, the fragrance market remains strong, with key brands performing well. Inter Parfums plans ambitious product launches for the rest of 2024 and remains confident in achieving substantial growth.
FAQ
What is the current stock price of Interparfums (IPAR)?
What is the market cap of Interparfums (IPAR)?
