Interparfums, Inc. - IPAR STOCK NEWS

Inter Parfums, Inc. (NASDAQ: IPAR) will release its first quarter financial results for the period ended March 31, 2023, on May 8, 2023, after market close. Following this, management will host a conference call on May 9, 2023, at 11:00 am ET to discuss the results and business developments. Participants can join the call by dialing the toll-free number (877) 423-9820 in the U.S., or (201) 493-6749 internationally. A live webcast of the call will also be accessible through the Investor Relations section of the company's website. Inter Parfums operates in the global fragrance market, producing and distributing prestige fragrances under various renowned brand licenses, and manages operations through its 72% owned subsidiary, Interparfums SA.

Inter Parfums, Inc. (NASDAQ: IPAR) reported record net sales of $312 million for the three months ending March 31, 2023, a 24% increase from $251 million in 2022. At constant foreign currency rates, sales rose 27%. European sales surged 26% in dollars, driven by top brands including Jimmy Choo, Montblanc, and Coach, experiencing growth of 63%, 28%, and 24%, respectively. U.S. operations grew 19%, spurred by additions to the portfolio like Donna Karan and DKNY. The company has revised its 2023 guidance, projecting net sales of $1.25 billion and earnings per diluted share of $4.25, up from $1.2 billion and $4.00. Factors contributing to growth include strong demand in the fragrance market and the reopening of China.

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.