Interparfums Inc Stock Price, News & Analysis

Inter Parfums, Inc. (NASDAQ: IPAR) reported a robust 37.1% increase in net sales for Q1 2021, reaching $198.5 million, compared to $144.8 million in Q1 2020. Under identical foreign exchange conditions, sales grew by 32.7%. Prominent brands like Montblanc and Jimmy Choo saw significant growth, with sales up 27.4% and 66.7%, respectively. The company raised its 2021 sales guidance to approximately $700 million, projecting a diluted net income per share of $1.65.

Inter Parfums, Inc. (NASDAQ GS: IPAR) has successfully acquired its future headquarters in Paris for €125 million (approximately $149 million). The purchase involves a complex of three buildings, with renovations to promote energy efficiency and comfort, pursuing certifications such as BREEAM and HQE. A 10-year €120 million (approximately $143 million) bank loan finances the acquisition. The new headquarters will enable a unified team environment and enhance operational flexibility, contributing positively to future business development.

Inter Parfums, Inc. (IPAR) reported a 3.5% increase in fourth-quarter net sales to $184 million, despite a 24.5% decline for the full year to $539 million due to COVID-19 impacts. Operating income surged 115% to $26.5 million, with a strengthened operating margin of 14.4%. The company reinstated a quarterly dividend of $0.25 per share, totaling an annual rate of $1.00, payable on March 31, 2021. 2021 guidance anticipates net sales of $650-$660 million, with diluted earnings per share projected at $1.40-$1.45, factoring in stable currency rates and minimal travel retail sales.

Inter Parfums, Inc. (NASDAQ GS: IPAR) announced it will release its financial results for Q4 and full year ended December 31, 2020, on March 1, 2021, after market close. A conference call will follow on March 2, 2021, at 11:00 am ET, where management will discuss the results and business developments. Interested parties can join the call by dialing (201) 493-6749 or listening live at www.interparfumsinc.com. The company has a diverse portfolio of fragrance brands sold in over 120 countries.

Inter Parfums (NASDAQ: IPAR) reported a fourth-quarter net sales increase of 3.5% to $184.0 million compared to $177.8 million in Q4 2019. However, annual net sales fell 24.5% to $539.0 million from a record $713.5 million in 2019. The company attributes the fourth-quarter growth to strong brand performance, with notable increases from Montblanc, Jimmy Choo, and Coach. For 2021, they anticipate sales between $610 million and $625 million and adjusted their 2020 earnings forecast to $1.15-$1.20 per share.

Inter Parfums, Inc. (NASDAQ GS: IPAR) announced that its subsidiary, Interparfums SA, is set to acquire an office building complex in Paris for €125 million. The acquisition aims to establish a dedicated headquarters, with approximately 90% of the purchase price financed through a bank loan. The move is anticipated to be completed in spring 2021, with relocation planned for late 2021 or early 2022. CEO Jean Madar highlights the strategic importance of owning a prestigious property to enhance the company's reputation and operations in Europe.

Inter Parfums, Inc. (NASDAQ GS: IPAR) anticipates 2021 net sales between $610 million and $625 million, resulting in diluted earnings per share between $1.20 and $1.25. This guidance indicates a 24.1% increase in sales and a 49.1% rise in earnings per share compared to 2020. Major product launches are set for 2021 including Kate Spade's fragrance on various platforms and additional scents from brands like Jimmy Choo and Oscar de la Renta. The company aims to leverage its advertising strategy to boost growth following a challenging 2020.

Inter Parfums, Inc. (NASDAQ GS: IPAR) announced it will release its financial results for the third quarter ended September 30, 2020, on November 9, 2020, after market closure. A conference call to discuss these results and business developments will take place on November 10, 2020, at 11:00 am ET. Interested parties can join by calling (201) 493-6749 or tuning into the live broadcast via the company's website. Inter Parfums develops and distributes prestige perfumes, holding licenses for various renowned brands and selling products in over 120 countries.

Inter Parfums, Inc. (NASDAQ: IPAR) reported a 16% decline in net sales for Q3 2020, totaling $160.6 million, compared to $191.2 million in Q3 2019. The decline was 18.3% at constant exchange rates. Despite this drop, the company anticipates continued sales growth due to recovering markets and a robust e-commerce presence. As a result, Inter Parfums is raising its 2020 sales guidance to between $495 million and $500 million. The CEO emphasized optimism for 2021 driven by new product launches for several key brands.