Interparfums Inc Stock Price, News & Analysis

Inter Parfums, Inc. (NASDAQ: IPAR) will release its second quarter financial results for the period ending June 30, 2022, on August 9, 2022, after market close. A conference call to discuss these results will take place on August 10, 2022, at 11:00 AM ET. Interested participants can join by calling (201) 493-6749 and are encouraged to dial in 10 minutes early. The call will also be available for live streaming on the company's website and archived for 90 days for those unable to attend live.

Inter Parfums Inc. (IPAR) reported a strong Q2 2022 with $244.7 million in net sales, an 18% increase from $207.6 million in Q2 2021. The company raised its 2022 guidance to $1 billion in net sales and $3.25 EPS, reflecting robust performance despite challenges like supply chain issues and inflation. Sales growth was notable in both U.S. and Europe, with certain brands like GUESS? and Abercrombie & Fitch showing remarkable increases. The firm is set to release detailed results on August 9, 2022.

Inter Parfums, Inc. (NASDAQ: IPAR) has finalized an agreement with G-III Apparel Group to become the exclusive global licensee for the Donna Karan and DKNY fragrance brands, effective July 1, 2022. CEO Jean Madar expressed enthusiasm about the strong legacy and award-winning fragrances associated with both brands. The deal includes plans for new fragrance launches in 2023. G-III's CEO Morris Goldfarb highlighted the potential for global expansion in partnership with Inter Parfums, aided by their distribution capabilities.

Inter Parfums, Inc. (NASDAQ: IPAR) announced the retirement of Executive VP and CFO Russell Greenberg, effective September 6, 2022, succeeded by Michel Atwood, an experienced executive from Estée Lauder. Greenberg will assist in the transition until September 30, 2022. CEO Jean Madar praised Greenberg's 30 years of contributions to the company's growth. Atwood brings significant industry experience, having previously managed global finance strategies at Estée Lauder and Procter & Gamble, where he oversaw substantial sales volumes. The transition aims to ensure continuity and growth.

Inter Parfums, Inc. (NASDAQ GS: IPAR) reported a record first quarter for 2022, achieving net sales of $250.7 million, a 26% increase from $198.5 million in Q1 2021. Operating income grew by 28% to $61.2 million, with a diluted EPS of $1.10, up 26%. The company noted strong performances from its brands despite a challenging environment, including supply chain issues and geopolitical tensions. Management affirmed a 2022 guidance of $975 million in net sales and $3.00 EPS. A quarterly dividend of $0.50 per share will be paid on June 30, 2022.

Inter Parfums, Inc. (NASDAQ: IPAR) will release its first-quarter financial results on May 10, 2022, after market close. A conference call to discuss these results is scheduled for May 11, 2022, at 11:00 am ET. Participants can join the call by dialing (201) 493-6749 or by accessing it live on the company's website. Inter Parfums is known for developing prestige perfumes and cosmetics, holding licenses for brands such as Abercrombie & Fitch, Coach, and Jimmy Choo, and distributing products in over 120 countries worldwide.

Inter Parfums, Inc. (NASDAQ: IPAR) reported a significant 26% increase in net sales for Q1 2022, reaching a record $250.7 million compared to $198.5 million in Q1 2021. Sales in North America rose 12%, while Western Europe and Asia/Pacific saw increases of 41%. Major brands like Montblanc and GUESS contributed to these gains. The company has affirmed its 2022 net sales guidance at approximately $975 million. However, shipping issues and currency fluctuations have affected reported sales from European brands.

Inter Parfums, Inc. (NASDAQ: IPAR) announced the expiration of its Dunhill fragrance license on September 30, 2023, which will not be renewed. During the remaining period, the company will continue to produce Dunhill fragrances under previous conditions and has the right to sell off remaining inventory post-license. CEO Jean Madar expressed pride in the Dunhill brand's achievement since April 2013 and emphasized the company's focus on expanding larger brands and reinvigorating licensed brands going forward.

Inter Parfums reported a 23% increase in 2021 sales to $879.5 million compared to 2019, with a 45% rise in EPS to $2.75. The company achieved record earnings from continuing operations and significant product launches, including new fragrances for brands like Kate Spade and Abercrombie & Fitch. The Board approved a 100% increase in the cash dividend to $2.00 per share, signaling confidence in future prospects. Despite challenges, including a weaker dollar and geopolitical uncertainties, the company anticipates 2022 net sales of approximately $975 million.