Interparfums Inc - IPAR STOCK NEWS

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.

Inter Parfums, Inc. (IPAR) reported robust Q3 2021 results, showing a 37% increase in net sales compared to 2019, totaling $263 million. Gross margin improved to 64%, with an operating income surge of 85% to $68 million. Net income soared 84% year-over-year, reaching $38 million, with diluted EPS rising 82% to $1.20. The nine-month period showed a 25% increase in net sales to $669 million and a 70% rise in net income. The company anticipates a significant promotional push for 2022 product launches and projects $810 million in net sales for 2021.

Inter Parfums, Inc. (NASDAQ: IPAR) announced it will release its financial results for Q3 2021, ending September 30, on November 8, 2021, after market close. A conference call to discuss these results and business developments is scheduled for 11:00 am ET on November 9, 2021. Participants can join by calling (201) 493-6749 or via a live webcast at the company's website. Inter Parfums specializes in developing and distributing luxury fragrances, with partnerships including brands like Coach, Jimmy Choo, and Lanvin.

Inter Parfums, Inc. (NASDAQ: IPAR) raised its 2021 sales guidance to $810 million and EPS to $2.35, following a strong Q3 with net sales of $262.7 million, a 64% year-over-year increase. European sales reached $206.1 million, while US sales were $56.6 million. CEO Jean Madar noted that strong performance from brands like Jimmy Choo and Montblanc contributed to growth, despite supply chain challenges. The company plans to issue Q3 results on November 8, 2021.

Inter Parfums, Inc. (NASDAQ: IPAR) has finalized a 10-year exclusive license agreement with Salvatore Ferragamo S.p.A. for the production and distribution of Ferragamo brand perfumes, with a 5-year optional extension. The transition to a wholly-owned Italian subsidiary is aimed at leveraging brand expertise to enhance sales, particularly in China and North America. CEO Jean Madar expressed confidence in achieving near-term net sales of $1 billion, while integrating Ferragamo into its portfolio expands its market reach.

G-III Apparel Group and Inter Parfums have signed a long-term global licensing agreement to create and distribute fragrances under the Donna Karan and DKNY brands, effective July 1, 2022. Inter Parfums gains exclusive rights to these well-established brands, which include popular fragrances such as Cashmere Mist and Be Delicious. Both companies aim to leverage their market strengths to expand their fragrance portfolios and tap into a loyal consumer base worldwide. New fragrance launches under these brands are planned for 2023.

Inter Parfums, Inc. (NASDAQ GS: IPAR) reported substantial growth in the second quarter of 2021, with net sales increasing to $207.6 million, a significant rise from $49.5 million in Q2 2020. Operating income surged to $44.7 million, marking a 99% improvement year-over-year. The company achieved a net income of $22.7 million, translating to diluted EPS of $0.71. Furthermore, the firm anticipates full-year net sales of approximately $750 million, contingent upon current market conditions. A quarterly cash dividend of $0.25 per share will also be disbursed on September 30, 2021.