Interparfums, Inc. Reports Record 2024 Fourth Quarter and Full Year Net Sales
Interparfums (NASDAQ: IPAR) reported record sales for Q4 and full year 2024. Net sales increased 10% to $362 million in Q4 and 10% to $1.45 billion for the full year. European operations saw 6% Q4 growth and 10% annual growth, while US operations grew 16% in Q4 and 12% annually.
Key brand performance: Jimmy Choo, the largest brand, grew 11% in Q4 and 7% for the year. GUESS sales increased 17% in Q4 and 13% annually. New additions Lacoste and Roberto Cavalli contributed 8% to Q4 growth and 9% for the year. Lacoste achieved $85 million in 2024 sales, while Roberto Cavalli reached $31 million in its first year. Donna Karan/DKNY became the fifth brand to exceed $100 million in sales.
The company expects to meet its 2024 earnings target of $5.15 per diluted share, excluding a $0.07 impairment charge.
Interparfums (NASDAQ: IPAR) ha riportato vendite da record per il quarto trimestre e per l'intero anno 2024. Le vendite nette sono aumentate del 10% a 362 milioni di dollari nel quarto trimestre e del 10% a 1,45 miliardi di dollari per l'intero anno. Le operazioni in Europa hanno registrato una crescita del 6% nel quarto trimestre e del 10% annualmente, mentre le operazioni negli Stati Uniti sono cresciute del 16% nel quarto trimestre e del 12% annualmente.
Performance dei brand chiave: Jimmy Choo, il brand più grande, ha registrato una crescita dell'11% nel quarto trimestre e del 7% per l'anno. Le vendite di GUESS sono aumentate del 17% nel quarto trimestre e del 13% su base annua. Le nuove aggiunte, Lacoste e Roberto Cavalli, hanno contribuito con l'8% alla crescita del quarto trimestre e il 9% per l'anno. Lacoste ha raggiunto 85 milioni di dollari in vendite nel 2024, mentre Roberto Cavalli ha toccato i 31 milioni di dollari nel suo primo anno. Donna Karan/DKNY è diventato il quinto brand a superare i 100 milioni di dollari in vendite.
L'azienda si aspetta di raggiungere il target di guadagno per il 2024 di 5,15 dollari per azione diluita, escludendo un onere di svalutazione di 0,07 dollari.
Interparfums (NASDAQ: IPAR) reportó ventas récord para el cuarto trimestre y para todo el año 2024. Las ventas netas aumentaron un 10% a 362 millones de dólares en el cuarto trimestre y un 10% a 1.45 mil millones de dólares en el año completo. Las operaciones en Europa vieron un crecimiento del 6% en el cuarto trimestre y un 10% anual, mientras que las operaciones en EE. UU. crecieron un 16% en el cuarto trimestre y un 12% anualmente.
Desempeño de marcas clave: Jimmy Choo, la marca más grande, creció un 11% en el cuarto trimestre y un 7% en el año. Las ventas de GUESS aumentaron un 17% en el cuarto trimestre y un 13% anualmente. Las nuevas incorporaciones, Lacoste y Roberto Cavalli, contribuyeron con un 8% al crecimiento del cuarto trimestre y un 9% para el año. Lacoste alcanzó 85 millones de dólares en ventas en 2024, mientras que Roberto Cavalli llegó a 31 millones de dólares en su primer año. Donna Karan/DKNY se convirtió en la quinta marca en superar los 100 millones de dólares en ventas.
La empresa espera cumplir con su objetivo de ganancias de 2024 de 5.15 dólares por acción diluida, excluyendo un cargo por deterioro de 0.07 dólares.
인터파퐁(민주금거: IPAR)는 2024년 4분기 및 연간 매출 신기록을 보고했습니다. 순매출은 4분기에 10% 증가하여 3억 6200만 달러에 달했고 연간으로도 10% 성장하여 14억 5000만 달러에 이릅니다. 유럽에서의 운영은 4분기에 6% 성장하며 연간 10% 성장했으며, 미국 운영은 4분기에 16%, 연간 12% 증가했습니다.
주요 브랜드 성과: 가장 큰 브랜드인 지미 추(Jimmy Choo)는 4분기 동안 11% 성장했으며, 연간으로는 7% 성장했습니다. GUESS의 매출은 4분기에 17% 증가하고 연간으로는 13% 증가했습니다. 신규 추가된 브랜드인 라코스테(Lacoste)와 로베르토 카발리(Roberto Cavalli)는 4분기 성장의 8%와 연간 성장의 9%를 기여했습니다. 라코스테는 2024년 매출로 8500만 달러를 달성했으며, 로베르토 카발리는 첫 해에 3100만 달러에 도달했습니다. 도나 카란/DKNY는 1억 달러 이상의 매출을 기록한 다섯 번째 브랜드가 되었습니다.
회사는 2024년 희석주당 5.15달러의 수익 목표를 달성할 것으로 예상하며, 0.07달러의 손상 차감액은 제외됩니다.
Interparfums (NASDAQ: IPAR) a annoncé des ventes record pour le quatrième trimestre et pour l'année entière 2024. Les ventes nettes ont augmenté de 10 % pour atteindre 362 millions de dollars au quatrième trimestre et de 10 % pour un total de 1,45 milliard de dollars pour l'année. Les opérations en Europe ont connu une croissance de 6 % au quatrième trimestre et de 10 % sur l'année, tandis que les opérations aux États-Unis ont augmenté de 16 % au quatrième trimestre et de 12 % sur l'année.
Performances clés des marques : Jimmy Choo, la plus grande marque, a progressé de 11 % au quatrième trimestre et de 7 % pour l'année. Les ventes de GUESS ont augmenté de 17 % au quatrième trimestre et de 13 % sur une base annuelle. Les nouvelles marques Lacoste et Roberto Cavalli ont contribué à hauteur de 8 % à la croissance du quatrième trimestre et de 9 % sur l'année. Lacoste a réalisé 85 millions de dollars de ventes en 2024, tandis que Roberto Cavalli a atteint 31 millions de dollars dès sa première année. Donna Karan/DKNY est devenue la cinquième marque à dépasser les 100 millions de dollars de ventes.
L'entreprise s'attend à atteindre son objectif de bénéfice de 2024 de 5,15 dollars par action diluée, excluant une charge de dépréciation de 0,07 dollar.
Interparfums (NASDAQ: IPAR) meldete Rekordverkäufe für das vierte Quartal und das Gesamtjahr 2024. Die Nettoumsätze stiegen im vierten Quartal um 10% auf 362 Millionen Dollar und im Gesamtjahr um 10% auf 1,45 Milliarden Dollar. Die europäischen Aktivitäten verzeichneten im vierten Quartal ein Wachstum von 6% und jährlich 10%, während die US-Aktivitäten im vierten Quartal um 16% und jährlich um 12% wuchsen.
Wichtige Markenleistung: Jimmy Choo, die größte Marke, wuchs im vierten Quartal um 11% und um 7% im Jahresvergleich. Die Umsätze von GUESS stiegen im vierten Quartal um 17% und jährlich um 13%. Die neuen Marken Lacoste und Roberto Cavalli trugen mit 8% zum Wachstum im vierten Quartal und 9% im Jahresvergleich bei. Lacoste erzielte 2024 einen Umsatz von 85 Millionen Dollar, während Roberto Cavalli im ersten Jahr 31 Millionen Dollar erreichte. Donna Karan/DKNY wurde zur fünften Marke, die die 100 Millionen Dollar Umsatzgrenze überschritt.
Das Unternehmen erwartet, sein Gewinnziel für 2024 von 5,15 Dollar pro verwässerter Aktie zu erreichen, ohne einen Wertminderungsaufwand von 0,07 Dollar.
- Record Q4 and full year sales with 10% growth to $1.45 billion
- US operations showed strong 16% Q4 growth and 12% annual growth
- Jimmy Choo sales up 11% in Q4 and 7% for the year
- GUESS sales increased 17% in Q4 and 13% annually
- Lacoste exceeded expectations with $85 million in first-year sales
- Donna Karan/DKNY reached $100+ million sales milestone
- Montblanc and Coach brands remained flat against 2023
- $0.07 per share impairment charge on trademarks
- Negative 0.2% foreign exchange impact in Q4
Insights
Interparfums has delivered a robust performance in Q4 and FY2024, with several noteworthy achievements that underscore the company's strong market position in the prestige fragrance sector. The 10% revenue growth to
Geographical performance shows particularly strong momentum in US-based operations, growing
Brand portfolio analysis reveals three key success factors:
- GUESS's trajectory toward
$200 million in annual sales represents a17% Q4 growth, indicating strong brand momentum - Lacoste's
$85 million first-year performance exceeded expectations, validating the company's acquisition strategy - Roberto Cavalli's
$31 million contribution in its first year demonstrates effective brand integration capabilities
The company's top six brands, accounting for
Looking ahead, several growth catalysts are evident: expanding e-commerce channels, premium product demand and a strong new launch pipeline. However, investors should monitor geopolitical and economic uncertainties that could impact 2025 performance. The upcoming earnings release on February 25 will be important for understanding profitability metrics and 2025 guidance.
Achieves FY2024 Net Sales of
2024 Fourth Quarter& Full Year Conference Call Scheduled for February 26, 2025
NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) (“Interparfums” or the “Company”) today announced that for the three months and full year ended December 31, 2024, net sales rose
| Net Sales ($ in millions) | Three Months Ended | Year Ended | ||||||||||||||
| December 31, | December 31, | |||||||||||||||
| 2024 | 2023 | % Change | 2024 | 2023 | % Change | |||||||||||
| Total Interparfums, Inc. | $ | 362 | $ | 329 | 10 | % | $ | 1,452 | $ | 1,318 | 10 | % | ||||
| European based net sales | $ | 214 | $ | 202 | 6 | % | $ | 953 | $ | 863 | 10 | % | ||||
| United States based net sales | $ | 149 | $ | 128 | 16 | % | $ | 511 | $ | 456 | 12 | % | ||||
| Eliminations of intercompany sales | $ | (1 | ) | $ | (1 | ) | n/a | $ | (12 | ) | $ | (1 | ) | n/a | ||
| - The average dollar/euro exchange rate for the 2024 fourth quarter was 1.07 compared to 1.08 in the 2023 fourth quarter leading to a negative - Eliminations of intercompany sales relate to European based operations product sales to United States based operations. | ||||||||||||||||
Management Commentary:
Jean Madar, Chairman & Chief Executive Officer of Interparfums, stated, “Our net sales in the final quarter of 2024 marked our best-ever fourth quarter performance, with quarterly sales growth of
“Our growth was broad-based across our portfolio, reflecting strong demand for our key brands. Notably, our top-performing United States based brand, GUESS, is well on its way to becoming our third largest with annual sales expected to exceed
“Our European based operations sales rose by
“Jimmy Choo, our largest brand, increased sales by
“Lacoste, our newest brand for our European based operations, exceeded our expectations for its first year under our expertise, achieving
“Also, the brands we own performed well during the fourth quarter. Despite the absence of major launches in 2024, Lanvin fragrance sales returned to growth as activities continued to normalize in Eastern Europe. Rochas fragrance sales increased primarily driven by the Citron Soleil and Orange Horizon lines, which are the first installments of the Eau de Rochas collection.”
Mr. Madar continued, “Our United States based operations sales grew by
“GUESS fragrance sales rose by
“For Donna Karan/DKNY, net sales increased by
“With regard to our Italian brands, which are managed by our United States based operations, Ferragamo and Roberto Cavalli, performed well during the fourth quarter of 2024. Ferragamo fragrance sales grew by
Mr. Madar concluded, “While potential geopolitical and economic concerns continue to limit our 2025 visibility, thanks to the increasing demand for premium products, expanding e-commerce channels, and strong pipeline of new launches across our prestige portfolio, we are poised for 2025 to be another record-setting year.”
Guidance
Achieving the sales goal of
Interparfums will address its full year 2025 guidance alongside the release of its 2024 fourth quarter and full year consolidated financial results.
2024 Fourth Quarter and Full Year Results and Conference Call Details
The Company will issue financial results for the three months and full year ended December 31, 2024, on Tuesday, February 25, 2025, after the close of the stock market. Management will host a conference call to discuss financial results and business operations beginning at 11:00 am ET on Wednesday, February 26, 2025.
Interested parties may participate in the live call by dialing:
U.S. / Toll-free: (877) 423-9820
International: (201) 493-6749
Participants are asked to dial-in approximately 10 minutes before the conference call is scheduled to begin.
A live audio webcast will also be available in the “Events” tab within the Investor Relations section of the Company’s website at www.interparfumsinc.com, or by clicking here. The conference call will be available for webcast replay for approximately 90 days following the live event.
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 agreements with brand owners. The Company manages its business in two operating segments, European based operations, through its
The 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, 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 and Rochas.
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, 2023, 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. Michel Atwood Chief Financial Officer (212) 983-2640 www.interparfumsinc.com | or | The Equity Group Inc. Karin Daly Investor Relations Counsel (212) 836-9623 / kdaly@equityny.com www.theequitygroup.com | ||
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