Interparfums Inc Stock Price, News & Analysis

Inter Parfums, Inc. (NASDAQ GS: IPAR) reported a strong performance for the fourth quarter and full year ended December 31, 2022. Net sales for Q4 increased by 47% to $311 million, while full-year sales rose 24% to $1.087 billion. The gross margin improved, reaching 64.4% in Q4. The company raised its 2023 guidance, estimating net sales at approximately $1.2 billion and diluted EPS at $4.00, up 6% from 2022. A 25% increase in the cash dividend to $2.50 per share was also announced. This reflects confidence in future growth and investment opportunities. The company's strong performance was bolstered by sales growth across all regions, particularly in North America and Europe.

Inter Parfums, Inc. (NASDAQ: IPAR) will release its financial results for Q4 2022 on February 28, 2023, after market close. A conference call is scheduled for March 1, 2023, at 11:00 AM ET, allowing stakeholders to discuss results and business developments. Interested participants can join via phone or listen to the live webcast on the company's website. Founded in 1982, Inter Parfums develops, manufactures, and distributes prestige perfumes and cosmetics globally, with a robust portfolio of licensed brands.

Inter Parfums, Inc. (NASDAQ: IPAR) celebrated its 35th anniversary of listing on the Nasdaq with a bell-ringing ceremony led by CEO Jean Madar and co-founder Philippe Benacin. The event acknowledges the company's successful history, especially a record-setting 2022. Madar expressed gratitude to the team, distributors, and licensors for their contributions. He emphasized the company’s resilience amid unpredictable challenges and highlighted ongoing strategic initiatives aimed at sustaining long-term shareholder value. The ceremony was broadcast live from New York City and included participation from board members and staff.

Inter Parfums, Inc. (NASDAQ: IPAR) announced record net sales of $311 million for Q4 2022, a 47% increase from $211 million in Q4 2021. Full-year sales rose to $1.087 billion, up 24% from $880 million in 2021. Notably, European operations experienced strong growth at 26% in euros and 12% in dollars. Major brands like Montblanc and Jimmy Choo reported substantial sales gains. The company affirmed its 2023 guidance with expected net sales of $1.15 billion and earnings per share of approximately $3.75, despite challenges from supply chain disruptions.

Inter Parfums, Inc. (NASDAQ: IPAR) raised its sales guidance for 2022, expecting net sales of $1.08 billion, an increase from $1.025 billion. The company also predicts diluted earnings per share to reach $3.60, up from $3.40, marking a 23% increase in net sales and a 31% rise in diluted EPS year-over-year. For 2023, sales guidance is increased from $1.11 billion to $1.15 billion, and diluted EPS from $3.70 to $3.75 due to strong sales growth in the final quarter of 2022.

Inter Parfums, Inc. (NASDAQ: IPAR) has announced a 15-year exclusive fragrance license agreement with Lacoste, effective January 1, 2024. This agreement includes an entrance fee of €90 million and grants Interparfums the rights to develop and market all Lacoste perfume and cosmetics lines. The first new perfume line is set to launch in 2024. Lacoste President Thierry Guibert emphasized the potential of the fragrance category for the brand, while Inter Parfums' CEO Jean Madar highlighted the strategic importance of this partnership for the company.

Inter Parfums reported record third-quarter results for 2022, with net sales of $280 million, up 7% year-over-year. The gross margin improved to 64.9%, while diluted EPS rose 8% to $1.30. U.S. operations saw a notable sales increase of 45%, primarily from new brand contributions. Year-to-date net sales reached $776 million, a 16% increase, with net income rising 18%. The company raised its 2022 guidance, projecting net sales of $1.025 billion and diluted EPS of $3.40. A quarterly dividend of $0.50 per share is scheduled for December 30, 2022.

Inter Parfums, Inc. (NASDAQ: IPAR) will announce its third-quarter financial results for the period ending September 30, 2022 on November 9, 2022, post-market. A conference call for discussing these results is scheduled for November 10, 2022, at 11:00 am ET. Participants can join via phone or listen live on the company's website. Inter Parfums, established in 1982, specializes in developing, manufacturing, and distributing prestige perfumes and cosmetics globally.

Inter Parfums, Inc. reported record net sales of $280 million for Q3 2022, marking a 7% increase from $263 million in Q3 2021, with a year-to-date growth of 16%. The company expects to release its Q3 2022 results on November 9 and provide initial guidance for 2023 on November 21. Despite a 5% negative impact from foreign exchange, new brands contributed significantly to sales growth, with established brands also showing strong performance.