Financial Data and Key Metrics Changes - In 2024, consolidated net sales grew by 10% to $1.452 billion, with adjusted earnings before impairment at $5.18 per diluted share, exceeding guidance of $5.15 [6][42] - Gross margin was 64.5% for Q4 and 63.9% for the full year, consistent with prior periods [42] - Operating income before impairment increased by 11% to $279 million, with an operating margin of 19.2% [44][45] - The effective tax rate improved to 24.2%, down from 24.8% in 2023 [45] Business Line Data and Key Metrics Changes - European-based operations saw a 10% sales increase for the year, with a 6% increase in Q4 [46] - US-based operations achieved a 12% sales increase for the year, with a 16% increase in Q4 [51] - Jimmy Choo sales increased by 7%, Guess by 13%, and Donna Karan generated over $100 million in sales [9][10][50] Market Data and Key Metrics Changes - North America sales grew by 6%, Western Europe by 21%, and Asia Pacific by 3% in 2024 compared to 2023 [19] - Travel retail sales increased by 20% from 2023 [19] - Direct sales to retailers, including travel retail, represented approximately 49% of net sales, up from 47% the previous year [20] Company Strategy and Development Direction - The company plans to introduce bold new fragrances in 2025, focusing on blockbusters and high-quality scents [26][29] - A new proprietary brand, Solferino, will launch with ten niche fragrances in an ultra-selective distribution channel [29] - The company aims to streamline its supply chain and transition to third-party logistics to enhance efficiency [31] Management's Comments on Operating Environment and Future Outlook - The fragrance market is expected to continue its positive trajectory, albeit at a slower pace, with potential headwinds from tariffs and currency fluctuations [32][35] - Management remains confident in achieving record sales and earnings in 2025, maintaining guidance of $1.51 billion in net sales and EPS of $5.35 [58] - The company anticipates a more competitive landscape, with many competitors experiencing eroding margins [68][70] Other Important Information - The company has discontinued the Dunhill brand and will phase out the Boucheron license by the end of 2025 [30][112] - Significant investments in advertising and promotion totaled $281 million, with a focus on brand awareness and growth [43][81] Q&A Session Summary Question: Can you discuss the destocking in the industry? - Management noted that destocking effects were moderate in Q4, with the gap between sell-in and sell-out reduced [62][64] Question: How is competition changing, and will market share be gained in 2025? - Management observed that competitors are experiencing eroding margins, but they believe their innovation will help gain market share [66][70] Question: When will the Ferragamo blockbuster launch? - The Ferragamo fragrance is expected to launch in Q2, with significant selling in the US, Italy, and Mexico [72][73] Question: What are the trends in specific markets? - The US market showed strong growth in Q1 and Q3, but moderated in Q4, with expectations of mid-single-digit growth moving forward [78][80] Question: How will top brands perform in 2025? - Significant growth is expected from brands like Guess, Ferragamo, and Lacoste, while larger brands may see more moderate growth [110][112]

Core Insights - Interparfums, Inc. (IPAR) reported strong fourth-quarter 2024 results, with earnings per share of 82 cents, exceeding the Zacks Consensus Estimate of 80 cents, and a significant increase of 156% from 32 cents in the prior year [4] - The company achieved consolidated net sales of $362 million, a 10% increase from $329 million in the previous year, driven by robust global demand for its key brands [5] Sales Performance - The top six brands, accounting for approximately 70% of total sales, experienced a 5% increase in the fourth quarter, while new brands Lacoste and Roberto Cavalli contributed 8% to quarterly sales growth [2] - Sales from Europe-based operations rose 6% to $214 million, with Jimmy Choo's sales surging 11% [6] - U.S.-based net sales reached $149 million, reflecting a 16% year-over-year increase, driven by strong performances from GUESS, Donna Karan/DKNY, and Roberto Cavalli [7] Cost and Margin Analysis - Consolidated gross profit increased by 9.6% year over year to $233 million, with a gross margin of 64.5%, slightly down from 64.7% in the previous year [9] - Selling, general and administrative expenses (SG&A) decreased by 0.4% to $193 million, with SG&A as a percentage of sales contracting 560 basis points to 53.4% [10] - Operating income rose to $36 million, up from $18.9 million in the prior year, with an operating margin expansion of 430 basis points to 10% [10] Financial Health - Interparfums ended the quarter with cash and cash equivalents of $125.4 million, long-term debt of $115.7 million, and total equity of $942.6 million [11] - The company announced a cash dividend of 80 cents per share, with a 7% increase in the annual cash dividend from $3.00 to $3.20 per share, reflecting management's confidence in financial strength [12] Future Outlook - For 2025, Interparfums anticipates net sales of $1.51 billion and EPS of $5.35, both indicating a 4% year-over-year increase [13] - The company plans to launch new products and expand brands, including the introduction of its first proprietary niche brand, Solferino, in summer 2025 [3]

Company Performance - Interparfums reported quarterly earnings of $0.82 per share, exceeding the Zacks Consensus Estimate of $0.80 per share, and showing significant growth from $0.32 per share a year ago, representing an earnings surprise of 2.50% [1] - The company posted revenues of $361.5 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.10%, but up from $328.74 million year-over-year [2] - Over the last four quarters, Interparfums has surpassed consensus EPS estimates three times and topped consensus revenue estimates only once [2] Stock Outlook - Interparfums shares have increased approximately 4.8% since the beginning of the year, outperforming the S&P 500's gain of 1.7% [3] - The current consensus EPS estimate for the upcoming quarter is $1.32 on revenues of $341.77 million, and for the current fiscal year, it is $5.33 on revenues of $1.51 billion [7] - The estimate revisions trend for Interparfums is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Consumer Products - Discretionary industry, to which Interparfums belongs, is currently ranked in the bottom 48% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Interparfums' stock performance [5]

Financial Performance - FY2024 net sales reached $1.45 billion, a 10% increase from FY2023[2] - Q4 2024 net sales were $362 million, also reflecting a 10% growth compared to Q4 2023[3] - U.S. based net sales grew by 16% in Q4 2024 and 12% for the full year, totaling $511 million[3] - The average dollar/euro exchange rate for Q4 2024 was 1.07, resulting in a negative 0.2% foreign exchange impact[3] - The company anticipates earnings per diluted share of $5.15 for FY2024, excluding a non-recurring impairment charge[14] Brand Performance - GUESS brand sales increased by 17% in Q4 2024, with annual sales expected to exceed $200 million[5][11] - Jimmy Choo, the largest brand, saw an 11% sales increase in Q4 2024, driven by the I Want Choo franchise[7] - Lacoste achieved $85 million in net sales in its first year, contributing 8% to consolidated quarterly sales growth[9] - The top six brands accounted for approximately 70% of net sales, with a 5% increase in Q4 2024[5] Future Outlook - Management is optimistic about 2025, citing strong demand for premium products and a robust pipeline of new launches[13]

Core Insights - Interparfums, Inc. reported record results for the fourth quarter and full year ended December 31, 2024, achieving a diluted EPS of $5.12 and reaffirming its 2025 guidance with a 7% increase in cash dividend [1][9][15] Financial Performance - Fourth quarter net sales reached $362 million, a 10% increase from $329 million in 2023; full year net sales were $1.452 billion, also a 10% increase from $1.318 billion in 2023 [2] - Gross margin for the fourth quarter was 64.5%, slightly down from 64.7% in 2023; for the full year, gross margin improved to 63.9% from 63.7% [2][10] - Operating income before impairment loss was $40 million for the fourth quarter, up 112% from $19 million in 2023; for the full year, it was $279 million, an 11% increase from $251 million [2][12] - Net income attributable to Interparfums, Inc. was $24 million for the fourth quarter, a 133% increase from $10 million in 2023; for the full year, net income was $164 million, up 8% from $153 million [2] Brand Performance - The top six brands, which account for approximately 70% of net sales, saw sales growth of 5% in the fourth quarter and 4% for the full year [5] - Key markets such as North America, Western Europe, and Asia/Pacific reported sales increases of 6%, 21%, and 3% respectively for the full year [5] - The brands Lacoste and Roberto Cavalli exceeded $115 million in sales during their first year under Interparfums' management, indicating strong demand [7] Strategic Outlook - The company plans to launch new product lines and extensions in 2025, including its first proprietary niche brand, Solférino, expected to debut in summer 2025 [8] - Interparfums anticipates continued growth in the prestige and luxury fragrance market, supported by a solid level of reorders in the first half of 2025 [8] Dividend and Guidance - The Board of Directors approved a 7% increase in the annual cash dividend rate to $3.20 per share, reflecting confidence in the company's financial strength [15] - The 2025 guidance projects net sales of $1.51 billion and EPS of $5.35, representing a 4% increase for both metrics [14]

Core Viewpoint - Analysts forecast that Interparfums (IPAR) will report quarterly earnings of $0.80 per share, reflecting a year-over-year increase of 150% and anticipated revenues of $361.88 million, which is a 10.1% increase compared to the previous year [1]. Earnings Estimates - Over the last 30 days, there has been a 0.2% upward revision in the consensus EPS estimate for the quarter, indicating a collective reassessment by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions to the stock, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Estimates by Region - Analysts estimate 'Net Sales- North America' to reach $136.39 million, a decrease of 3.7% from the prior-year quarter [5]. - 'Net Sales- Western Europe' is projected at $79.89 million, showing an increase of 36.8% from the year-ago quarter [5]. - 'Net Sales- Asia/Pacific' is expected to be $54.49 million, reflecting a 1.5% increase from the previous year [5]. - 'Net Sales- United States' is forecasted to be $145.17 million, indicating a 13.1% increase from the prior-year quarter [6]. - 'Net Sales- Central and South America' is estimated at $28.73 million, a 36.8% increase from the previous year [6]. - 'Net Sales- Eastern Europe' is expected to be $21.38 million, showing a decrease of 23.1% from the prior-year quarter [6]. - The total 'Net Sales- Europe' is projected at $218.77 million, reflecting an 8.4% increase from the previous year [7]. - 'Net Sales- Middle East and Africa' is expected to reach $30.64 million, indicating a 24% increase from the prior-year quarter [7]. Gross Margin Estimates - 'Gross Margin- United States operations' is estimated at $83.41 million, compared to $74.30 million reported in the same quarter last year [8]. - 'Gross Margin- European operations' is projected to be $152.23 million, compared to $138.40 million from the previous year [8]. Stock Performance - Interparfums shares have decreased by 4.7% in the past month, contrasting with the Zacks S&P 500 composite's decline of 0.5%. The company holds a Zacks Rank 2 (Buy), suggesting it is expected to outperform the overall market in the near term [8].

Core Viewpoint - Inter Parfums, Inc. (IPAR) is expected to show bottom-line growth in its upcoming fourth-quarter 2024 earnings report, with an estimated earnings per share (EPS) of 80 cents, up from 32 cents in the same quarter last year [1][2]. Financial Performance - The consensus estimate for 2024 earnings is $5.14 per share, reflecting an 8.2% increase from the previous year's figure [2]. - For the fourth quarter of 2024, Inter Parfums reported a 10% increase in net sales, totaling $362 million, while full-year net sales also rose by 10% to $1.452 billion [5]. - U.S.-based net sales reached $149 million in the fourth quarter, marking a robust 16% year-over-year increase, and full-year sales rose 12% to $511 million [8]. Brand Performance - The company's growth is driven by strong demand for its key brands, with GUESS being the top performer in the U.S. market [6]. - The top six brands, which account for approximately 70% of net sales, saw a 5% increase in the fourth quarter and a 4% rise for the full year [6]. - Newer brands like Lacoste and Roberto Cavalli contributed significantly, accounting for 8% of quarterly sales improvement and 9% of full-year growth [6]. Market Dynamics - Despite the global fragrance market's vibrancy, the company's sell-in has been slower than sell-out, indicating a potential weakening demand momentum due to retailers adopting a leaner inventory approach [4]. - European net sales were $214 million in the fourth quarter, a 6% increase from the prior period, driven by strong performances from brands like Jimmy Choo and Lacoste [7].

Company Overview - Interparfums (IPAR) is a perfume maker with a strong history of exceeding earnings estimates, particularly in the last two quarters, with an average surprise of 6% [2][3] - For the most recent quarter, the company reported earnings of $1.93 per share, surpassing the expected $1.83, resulting in a surprise of 5.46% [2] - In the previous quarter, Interparfums reported $1.14 per share against an estimate of $1.07, achieving a surprise of 6.54% [2] Earnings Estimates and Predictions - Estimates for Interparfums have been trending upward, influenced by its history of earnings surprises [3] - The company currently has a positive Zacks Earnings ESP (Expected Surprise Prediction) of +0.25%, indicating increased analyst optimism regarding its near-term earnings potential [6] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [6] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5] - A negative Earnings ESP can diminish predictive power but does not necessarily indicate an earnings miss [6]

Core Viewpoint - Interparfums, Inc. (IPAR) reported strong sales results for Q4 and the full year 2024, driven by brand strength and remains optimistic about 2025 prospects [1][11]. Sales Performance - In Q4 2024, Interparfums achieved a 10% increase in net sales, reaching $362 million, marking its best-ever fourth-quarter performance [2]. - For the full year, net sales rose 10% to $1.452 billion, aligning with the company's predictions [2]. - The top six brands, accounting for about 70% of net sales, experienced a 5% increase in Q4 and a 4% rise for the full year [4]. Brand Contributions - GUESS is on track to become the third-largest brand with expected annual sales exceeding $200 million [3]. - Newer brands like Lacoste and Roberto Cavalli contributed significantly, accounting for 8% of quarterly sales growth and 9% of full-year growth [4]. Regional Performance - Europe-based net sales were $214 million in Q4, a 6% increase, and reached $953 million for the full year, up 10% from 2023 [5]. - U.S.-based net sales reached $149 million in Q4, indicating a robust 16% year-over-year increase, and rose 12% to $511 million for the full year [7]. Specific Brand Performance - Jimmy Choo saw an 11% sales increase in Q4 and 7% for the full year [6]. - GUESS fragrances climbed 17% in Q4 and 13% for the full year, driven by demand for legacy scents [8]. - Ferragamo fragrances achieved 13% sales growth in Q4 and remained stable for the year after a 21% increase in 2023 [9]. Growth Strategy and Outlook - Interparfums successfully achieved its sales target of $1.45 billion for 2024 and is positioned to meet its earnings per share target of $5.15 [10]. - Looking ahead to 2025, the company is optimistic due to growing demand for premium products, expanding e-commerce channels, and a strong pipeline of new product launches [11].

Achieves FY2024 Net Sales of $1.45 Billion2024 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 10% to $362 million and 10% to $1.45 billion, from the same periods in 2023, respectively. Net Sales ($ in millions) Three Months EndedYear EndedDecember 31,December 31, 2024 20 ...