Welcome to our dedicated page for Interparfums news (Ticker: IPAR), a resource for investors and traders seeking the latest updates and insights on Interparfums stock.
Interparfums Inc (IPAR) is a global leader in prestige fragrances and cosmetics, operating as the exclusive licensee for luxury brands including Coach, Jimmy Choo, and Montblanc. This page provides investors and industry professionals with centralized access to all material news and official announcements from the company.
Discover up-to-date information on IPAR's financial performance, product innovations, licensing partnerships, and global distribution developments. Our curated collection includes earnings reports, strategic initiatives, leadership updates, and regulatory filings - all essential for understanding the company's position in the luxury beauty sector.
Key updates cover fragrance launches, international market expansions, and brand portfolio changes while maintaining strict compliance with financial disclosure standards. The content is regularly updated to reflect IPAR's evolving business landscape and industry trends.
Bookmark this page for convenient access to critical information that shapes understanding of Interparfums' market performance and strategic direction. Check back frequently for the latest developments from this innovator in luxury scent creation and distribution.
Inter Parfums, Inc. (NASDAQ GS: IPAR) will release its financial results for Q2 2021 on August 9, 2021, post-market close. A conference call to discuss these results and business developments is scheduled for August 10, 2021, at 11:00 am ET. Participants can join via phone or listen online at www.interparfumsinc.com. The call will be archived for 90 days for those unable to attend live.
Founded in 1982, Inter Parfums is a prominent developer and distributor of prestige fragrances and cosmetics, operating as an exclusive licensee for various renowned brands.
Inter Parfums (NASDAQ: IPAR) reported a net sales increase to $207.6 million for Q2 2021, reflecting a 24.9% growth vs. Q2 2019 and a 22.7% rise at constant exchange rates. European sales reached $161.2 million, with a 27.3% rise for Montblanc, while U.S. sales rose 14.2%, driven by the GUESS brand. The company raised its 2021 guidance to $750 million in sales and $1.95 in diluted EPS, up from previous forecasts. A worldwide agreement with Salvatore Ferragamo is set to close in October, enhancing growth prospects.
Inter Parfums announced a 10-year exclusive license agreement with Salvatore Ferragamo for the production and distribution of Ferragamo brand perfumes, starting from October 2021. An optional 5-year extension is available under certain conditions. The operations will be managed through a new wholly-owned Italian company in Florence, ensuring production in Italy. This partnership aims to enhance Ferragamo's fragrance business while showcasing Inter Parfums' expertise in the luxury sector.
Inter Parfums, Inc. (NASDAQ GS: IPAR) is in exclusive negotiations with Salvatore Ferragamo S.p.A. to become the worldwide licensing partner for the Ferragamo perfume brand. This transaction aims to enhance the fragrance business while maintaining the brand’s heritage and positioning. The deal is contingent on the signing of definitive agreements.
Inter Parfums, Inc. (IPAR) reported a strong first quarter for 2021, with net sales reaching $198.5 million, a 37% increase compared to $144.8 million in 2020. Gross margin improved to 63.1%, and net income attributable to the company soared 175% to $27.7 million, or $0.87 per share. The company affirmed its annual guidance of $700 million in net sales. Despite COVID-19 challenges, business thrived in North America and Asia, while Europe struggled. The company is pursuing new brand partnerships to accelerate growth.
Inter Parfums, Inc. (NASDAQ GS: IPAR) announced it will release its Q1 financial results for the period ending March 31, 2021, on May 10, 2021, after market close. A conference call to discuss these results will take place on May 11, 2021, at 11:00 am ET, with participation details available for interested parties. The company, founded in 1982, is a leading developer of prestige perfumes and cosmetics, holding exclusive licenses for major brands such as Abercrombie & Fitch and Jimmy Choo, distributing products in over 120 countries worldwide.
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.
