Interparfums, Inc. - IPAR STOCK NEWS

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.

Inter Parfums, Inc. (NASDAQ: IPAR) is set to release its fourth quarter financial results for the period ending December 31, 2021, on March 1, 2022, after market close. Following this, a conference call will take place on March 2, 2022, at 11:00 am ET, to discuss the results and business developments. Interested participants may join via phone or online streaming through the company's investor relations website.

Inter Parfums, Inc. (NASDAQ: IPAR) reported record net sales of $210.8 million for the fourth quarter of 2021, marking a 15% increase year-over-year. For the full year, sales reached $879.6 million, up 63% from 2020. The company raised its 2021 EPS guidance from $2.45 to $2.65 and projected 2022 net sales of $975 million with an expected EPS of $3.00. Significant growth was seen in North America, with a 50% increase compared to 2019, as well as strong performances from several brands.

Inter Parfums, Inc. (NASDAQ: IPAR) has announced a 10-year exclusive global licensing agreement with Emanuel Ungaro for fragrances and related products, effective January 1, 2022. This agreement includes a five-year renewal option and covers home fragrance, skincare, cosmetics, and travel amenities. CEO Jean Madar highlighted Ungaro's prestigious legacy and the focus on international sales, particularly with the brand’s classic scents. The company plans to introduce a new fragrance in 2023 that emphasizes creativity and sustainability.

Inter Parfums, Inc. (NASDAQ: IPAR) has raised its 2021 net sales guidance to a record $840 million, with net income of $2.45 per diluted share, up from previous forecasts of $810 million and $2.35. This marks the fourth increase since their initial guidance on December 1, 2020, driven by strong customer demand in European operations despite ongoing supply chain issues. The company has maintained its 2022 guidance of $925-$950 million in net sales and $2.80-$2.85 in net income per diluted share.

Inter Parfums, Inc. (NASDAQ: IPAR) forecasts 2022 net sales between $925 million and $950 million, with EPS projected between $2.80 and $2.85. This indicates a 16% increase in net sales and a 20% increase in diluted EPS compared to 2021. Key drivers include new brand additions, international travel recovery, and reduced supply chain disruptions. Caution is noted due to potential COVID-19 resurgence. The company plans to allocate 21% of net sales to advertising and promotion.