Core Insights - Interparfums, Inc. (IPAR) reported first-quarter 2025 results with earnings of $1.32 per share, a 4% increase from $1.27 in the prior year, surpassing the Zacks Consensus Estimate of $1.13 per share [3] - Consolidated net sales reached $339 million, up 5% from $324 million year-over-year, with a 7% organic growth driven by strong performance in key fragrance brands [3][4] - The company reaffirmed its 2025 guidance, projecting net sales of $1.51 billion and earnings per share of $5.35, both reflecting a 4% year-over-year increase [13] Financial Performance - The gross margin improved to 63.7%, a 120-basis point increase from 62.5% in the prior year, attributed to a favorable brand and channel mix [6] - Operating income rose 10% to $75 million, with the operating margin expanding to 22.2%, up from 21% in the previous year [10] - Selling, general and administrative (SG&A) expenses were 41.6% of net sales, a slight increase of 10 basis points year-over-year, driven by higher advertising and promotional spending [7] Regional Sales Performance - North America and Western Europe saw sales increases of 14% and 1%, respectively, while Eastern Europe rebounded with a 46% rise in sales [4] - Sales in the Asia/Pacific region declined by 3%, Central and South America decreased by 10%, and the Middle East and Africa experienced a 16% decline, largely due to macroeconomic challenges and the exit from the Dunhill license [5] Inventory and Supply Chain Management - IPAR maintained steady inventory levels while accelerating raw material conversion to finished goods in anticipation of potential supply chain constraints [2] - The company is realigning its supply chain with key markets and exploring alternative sourcing outside China, planning selective price increases of 4% to 6% in August 2025 to offset recent tariffs [2] Financial Health - At the end of the quarter, IPAR had cash and cash equivalents of $96.6 million, long-term debt of $107.4 million, and total equity of $1,007.5 million [12] - The company announced a cash dividend of 80 cents per share, payable on June 30, 2025 [12]

Group 1 - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe, rated from A to F based on value, growth, and momentum [2][9] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales to find attractive investment opportunities [3] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing projected and historical earnings and cash flow [4] - The Momentum Score assists investors in capitalizing on price trends, utilizing factors like recent price changes and earnings estimate shifts [5] - The VGM Score combines the three Style Scores to identify stocks with the best overall value, growth, and momentum characteristics [6] Group 2 - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify stock selection, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 that also possess Style Scores of A or B to maximize potential returns [9][10] - Interparfums, Inc. (IPAR) is highlighted as a company to watch, currently rated 3 (Hold) with a VGM Score of B, and a Growth Style Score of A, indicating a forecasted earnings growth of 3.1% for the current fiscal year [11][12]

Financial Data and Key Metrics Changes - The company reported net sales of $339 million, a 5% increase from the first quarter of 2024, and a 7% increase on a like-for-like basis [14][15] - Gross margin expanded by 120 basis points to 63.7% from the prior year period [15] - Operating income was $75 million for the quarter, a 10% increase from the prior year, resulting in an operating margin of 22% [15] Business Line Data and Key Metrics Changes - European operations saw net sales rise by 7% or 9% excluding foreign exchange impacts, with net income attributable to these operations growing 7% to $48 million [17] - U.S. operations experienced a 3% increase in net sales on a like-for-like basis, but reported a 1% decline due to the discontinuation of the Dunhill license [18][19] Market Data and Key Metrics Changes - The fragrance market remains strong, with the company noting that fragrance continues to grow compared to other beauty segments like makeup and skincare [30] - The U.S. market showed a slight decline of 2% for the quarter, but March and February were slightly up compared to the prior year [28][30] Company Strategy and Development Direction - The company is refining its brand portfolio to focus on high-potential brands and plans to exit some smaller or underperforming brands [8][9] - A new brand called Solferino is set to launch in July, and the company will assume full ownership of Off White brand names in 2026 [8][9] - The acquisition of the Annick Goutale brand is planned for 2026, with preparations already underway [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current macro environment, reaffirming full-year guidance for 2025 of $1.51 billion in net sales and EPS of $5.35 per share [23] - The company is actively planning to mitigate potential impacts from tariffs through adjustments in supply chain and pricing strategies [11][13] Other Important Information - The company has a strong balance sheet with $172 million in cash and cash equivalents and working capital of $600 million [19] - The company is focused on improving its MSCI score, recently achieving a BBBB rating and targeting BBBBBB in the next major update [14] Q&A Session Summary Question: Insights on U.S. Business and Retailer Destocking - Management noted that destocking at retailers has largely abated, and there is no significant disconnect between sell-in and sell-out [27][28] Question: Global Consumer Perspective on Fragrance Trends - Management indicated that while the first quarter was not as strong as last year, the fragrance business is still growing, with challenges noted in Europe [30][31] Question: Tariff Exposure and Gross Margin Progression - Management estimated a potential 300 basis point impact from tariffs but expects to mitigate this through various interventions [40][41] Question: Luxury and Premium Portfolio Strategy - Management believes the luxury category will continue to outperform, with a focus on premiumization and distinctive offerings [52][53]

Financial Data and Key Metrics Changes - The company reported net sales of $339 million, a 5% increase from Q1 2024, and a 7% increase on a like-for-like basis [13][14] - Gross margin expanded by 120 basis points to 63.7% due to favorable brand and channel mix [14] - Operating income was $75 million, a 10% increase from the prior year, resulting in an operating margin of 22% [14][15] - Net income attributable to U.S. operations was $9 million, slightly below the $10 million from the prior year [18] Business Line Data and Key Metrics Changes - European operations saw net sales rise by 7% or 9% excluding foreign exchange impact, with net income growing by 7% to $48 million [16] - U.S. operations experienced a 3% increase in net sales on a like-for-like basis, but reported a 1% decline due to the discontinuation of the Dunhill license [17] Market Data and Key Metrics Changes - The fragrance market remains strong, with the company noting a slight decline in sales for some brands but overall resilience in the fragrance segment compared to other beauty categories [4][28] - The U.S. market showed a slight decline of 2% for the quarter, but March and February were slightly up compared to the prior year [25][28] Company Strategy and Development Direction - The company is refining its brand portfolio to focus on high-potential brands and plans to exit some underperforming licenses [7] - New product launches are planned, including a new brand called Solferino and the acquisition of Annick Goutale [8] - The company is enhancing its omnichannel capabilities and transitioning to third-party logistics to reduce overhead costs [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the global fragrance market's strength and reaffirmed full-year guidance of $1.51 billion in net sales and EPS of $5.35 [21] - The company is actively planning to mitigate potential tariff impacts through supply chain adjustments and price increases [10][12] Other Important Information - The company has a strong balance sheet with $172 million in cash and cash equivalents [18] - A quarterly cash dividend of $0.80 per share is scheduled for payment on June 30, 2025 [20] Q&A Session Summary Question: Insights on U.S. business and destocking - Management noted that destocking issues from last year have largely abated, and the U.S. business was strong despite a tight market [24][25] Question: Global consumer fragrance trends - The first quarter was positive, but Europe faced challenges, particularly in France and Germany, while Asia showed mixed results [27][28] Question: Tariff exposure and gross margin progression - Estimated tariff impact is about 300 basis points, but interventions could reduce this by two-thirds, with no significant impact expected this year due to high inventory levels [36][37] Question: Luxury market performance and consumer behavior - The luxury segment continues to grow, with consumers seeking distinctive and premium products rather than just lower prices [50][51] Question: Sales guidance and market volatility - Sales guidance remains conservative due to market volatility and uncertainties related to tariffs and foreign exchange [62][65]

Core Insights - Interparfums reported revenue of $338.82 million for Q1 2025, a year-over-year increase of 4.6% and a surprise of +0.47% over the Zacks Consensus Estimate of $337.22 million [1] - The EPS for the same period was $1.32, compared to $1.27 a year ago, with an EPS surprise of +16.81% against the consensus estimate of $1.13 [1] Revenue Performance by Region - North America: Net sales of $123 million, exceeding the average estimate of $119.03 million, with a year-over-year change of +13.8% [4] - Western Europe: Net sales of $86.20 million, above the average estimate of $74.28 million, reflecting a +1.3% year-over-year change [4] - Eastern Europe: Net sales of $25.60 million, surpassing the average estimate of $20.80 million, with a significant year-over-year increase of +46.3% [4] - Central and South America: Net sales of $31 million, slightly below the average estimate of $31.22 million, showing a year-over-year decline of -9.9% [4] - Middle East and Africa: Net sales of $22.70 million, below the average estimate of $29.97 million, with a year-over-year decrease of -16.2% [4] - Asia/Pacific: Net sales of $50.30 million, compared to the average estimate of $56.36 million, reflecting a -2.9% year-over-year change [4] - Europe: Total net sales of $247.80 million, exceeding the average estimate of $242.70 million, with a year-over-year increase of +7.3% [4] - United States: Net sales of $94.30 million, below the average estimate of $96.76 million, indicating a -1.5% year-over-year change [4] Stock Performance - Interparfums shares have returned +8.6% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - Interparfums reported quarterly earnings of $1.32 per share, exceeding the Zacks Consensus Estimate of $1.13 per share, and showing an increase from $1.27 per share a year ago, representing an earnings surprise of 16.81% [1][2] Financial Performance - The company achieved revenues of $338.82 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.47% and increasing from $323.96 million year-over-year [2] - Over the last four quarters, Interparfums has consistently surpassed consensus EPS estimates [2] Stock Performance - Interparfums shares have declined approximately 14.1% since the beginning of the year, compared to a decline of 3.3% for the S&P 500 [3] - The current Zacks Rank for Interparfums is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $1.24 on revenues of $358.05 million, and for the current fiscal year, it is $5.34 on revenues of $1.51 billion [7] - The trend of estimate revisions for Interparfums is currently mixed, which may change following the recent earnings report [6] Industry Context - The Consumer Products - Discretionary industry, to which Interparfums belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, indicating potential challenges ahead [8]

[Form 8-K Current Report](index=1&type=section&id=Form%208-K%20Current%20Report) [Results of Operations and Financial Conditions](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Conditions) The company announced its first quarter 2025 financial results by incorporating specific sections of its April 23, 2025 press release (Exhibit 99.1) - The company filed its Q1 2025 operational and financial results by referencing its press release (Exhibit 99.1)[4](index=4&type=chunk) [Regulation FD Disclosure](index=2&type=section&id=Item%207.01%20Regulation%20FD%20Disclosure) The company is publicly disclosing certain information from its press release (Exhibit 99.1) under Regulation FD - Certain information from the press release (Exhibit 99.1) is filed under Regulation FD to ensure fair disclosure[4](index=4&type=chunk) [Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the filed exhibit, a press release dated April 23, 2025 (Exhibit 99.1), specifying relevant paragraphs for financial results and disclosures [Summary of Press Release (Exhibit 99.1)](index=2&type=section&id=Exhibit%2099.1%20Press%20Release%20Summary) The press release details Q1 2025 net sales, reaffirms full-year 2025 guidance, and outlines future plans and challenges including product launches, tariffs, and price increases - The press release contains information on net sales for the first quarter ended March 31, 2025[5](index=5&type=chunk) - The company reaffirmed its previously announced guidance for the full year 2025[5](index=5&type=chunk) - Identified business challenges for 2025 include tariffs and price increases on certain lines planned for August 2025[5](index=5&type=chunk) - Future plans include a new product launch for Montblanc and potential future sales growth for the brand[5](index=5&type=chunk) - The company will release full Q1 2025 results on May 5, 2025, and host a conference call for investors on May 6, 2025[5](index=5&type=chunk)

(Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2025. OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ___________to ________. Commission File No. 0-16469 INTERPARFUMS, INC. (State or other jurisdiction of ...

Core Insights - Interparfums, Inc. reported a 5% increase in net sales for Q1 2025, reaching $339 million compared to $324 million in Q1 2024, reaffirming its sales and earnings guidance for 2025 [1][2][15] Financial Performance - Net sales for Q1 2025 were $339 million, a 5% increase from $324 million in Q1 2024 [2] - Gross margin improved to 63.7% from 62.5%, reflecting a 120 basis point increase [2][8] - Operating income rose by 10% to $75 million, with an operating margin of 22.2%, up from 21.0% [2][12] - Net income attributable to Interparfums, Inc. was $42 million, a 4% increase from $41 million in the previous year [2][28] - Diluted earnings per share (EPS) increased by 4% to $1.32 from $1.27 [2][28] Market Performance - Organic sales growth, excluding foreign exchange impacts and the Dunhill license discontinuation, was 7% [4] - North America and Western Europe saw sales increases of 14% and 1%, respectively, while Eastern Europe experienced a significant rebound with a 46% increase [5] - Asia/Pacific sales declined by 3%, and Central and South America saw a 10% decline, attributed to high prior year bases [5] Strategic Initiatives - The company renewed its partnership with Coach for an additional five years, extending the license until June 30, 2031 [6] - Interparfums is expanding its portfolio with the launch of the Solférino collection and acquisitions of Off-White and Annick Goutal, set for commercialization in 2026 [7] Financial Position - As of March 31, 2025, the company had $172 million in cash and cash equivalents, with working capital of $605 million [13] - SG&A expenses as a percentage of net sales were 41.6%, reflecting a slight increase due to higher advertising and promotional spending [9][11] - The company invested $52 million in A&P initiatives, representing 15.2% of net sales, a 7% increase from the prior year [11] Guidance - Interparfums reaffirms its 2025 guidance of net sales of $1.51 billion and earnings per diluted share of $5.35, both reflecting a 4% increase [15]

Inter Parfums, Inc. (IPAR) is likely to register a bottom-line decline when it reports first-quarter 2025 earnings on May 5. The Zacks Consensus Estimate for quarterly earnings has remained unchanged in the past 30 days at $1.13 per share, indicating an 11% decrease from $1.27 per share reported in the year-ago quarter. IPAR has a trailing four-quarter negative earnings surprise of 1%, on average. (Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.)Things to Know Ahead of IPAR’s Q1 Ea ...