Interparfums, Inc. (IPAR) has seen its shares rally 19.2% in the past three months, outperforming the industry’s growth of 2%. This fragrance and fragrance-related products company has also crushed the broader Zacks Consumer Discretionary sector and the S&P 500’s respective gains of 5.5% and 3.4% in the same time frame.IPAR Price Performance vs. Industry, S&P 500 & SectorImage Source: Zacks Investment ResearchTechnical indicators also support the stock, which is trading above its 50-day and 200-day moving a ...

Core Insights - Interparfums, Inc. has acquired all Off-White brand names and registered trademarks for Class 3 fragrance and cosmetic products, with commercial use set to begin after the existing license expires on December 31, 2025 [1] - The partnership aims to establish a long-term relationship focused on strategies, category launches, and market initiatives [1] Company Overview - Interparfums, Inc. has been operating in the global fragrance business since 1982, producing and distributing a wide array of prestige fragrance products under license agreements [4] - The company manages its operations through two segments: European operations via its 72% owned subsidiary Interparfums SA, and U.S. operations through wholly owned subsidiaries [4] Brand Recognition - Off-White, founded by Virgil Abloh in 2012, is recognized for its high-end streetwear influences and artistic approach to youth luxury [2] - The brand is known for its conceptual and artistic dimension, deconstructionist aesthetic, and dedication to social and cultural causes [3] Strategic Importance - The acquisition of Off-White is seen as a significant opportunity for Interparfums, leveraging the brand's unique positioning and Virgil Abloh's creative legacy to explore new openings in the luxury fragrance sector [4]

Interparfums, Inc. (NASDAQ: IPAR ), the fragrance company with a wide range of licenses and owned brands, reported the company’s Q3 results on the 6 th of November, once again showing very solid growth momentum andI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a compan ...

Inter Parfums, Inc. (IPAR) has announced its initial financial guidance for 2025, expecting net sales of $1.51 billion and earnings per share (EPS) of $5.35, both indicating a 4% increase from 2024 estimates. This outlook implies a cautious approach, factoring in global market dynamics, potential geopolitical tensions and policy changes in the United States. The company’s growth is expected to stem from both its existing portfolio and new product innovations.Image Source: Zacks Investment ResearchIPAR’s Est ...

Financial Data and Key Metrics Changes - The third quarter of 2024 was reported as the best quarter in the company's history, with consolidated gross margin unchanged at 63.9% compared to the previous year [21] - Year-to-date consolidated gross sales expanded by 30 basis points to 63.6%, with expectations for full-year gross margins to be slightly ahead of 2023 at approximately 64% [22] - Net income was impacted by foreign exchange losses of $3.3 million in the third quarter, compared to gains of $0.7 million in the prior year, resulting in a year-over-year swing of about $4 million [25] - The company reaffirmed its 2024 guidance of net sales of $1.45 billion, implying upper single-digit growth in the fourth quarter [30] Business Line Data and Key Metrics Changes - Direct sales to retailers and travel retail represented approximately 37% of net sales for the first nine months of 2024, up from 35% a year earlier [9] - The promotional gift set program has seen growing demand, particularly in Europe and the Middle East, with retailers well-prepared for the holiday season [10] Market Data and Key Metrics Changes - Sales growth in the company's three largest markets was reported as follows: North America grew by 12%, Western Europe by 25%, and Asia Pacific by 15% [7] - Central and South America also experienced a positive trajectory with 20% growth, while Eastern Europe bounced back with a 23% increase [7] Company Strategy and Development Direction - The company is focusing on adapting to changing consumer preferences and trends, with an emphasis on premiumization in the fragrance market [6][32] - Strategic initiatives include enhancing advertising and promotional programs, particularly through social media and influencer marketing [12] - The company is developing a strategic promotional program aimed at accelerating growth in the Chinese market, with plans for entry in 2026 [8] Management's Comments on Operating Environment and Future Outlook - Management noted that while the fragrance market remains robust, growth is occurring at a more sustainable pace compared to the previous two years [6] - There is an expectation of slower growth going forward, with a more normalized growth rate anticipated compared to the high-growth periods of the past [49] - The company is optimistic about its product pipeline, with several new launches planned for 2025 [52] Other Important Information - The company is actively working on improving inventory efficiency, with finished goods making up 63% of inventory levels at the end of September [28] - The company reported a significant year-over-year improvement in net cash provided by operating activities, totaling $76 million compared to $18 million in the prior year [29] Q&A Session Summary Question: Can you talk about changes in consumer preferences? - Management noted a trend of increasing strength in the men's fragrance segment and a willingness among consumers, especially younger ones, to pay more for premium fragrances [32] Question: What are the expectations for Q4 sell-in trends? - The company is projecting double-digit growth in the fourth quarter, with sell-in being slower than sell-out across the industry [34] Question: What is the impact of selling more gift sets? - Gift sets are seen as value offers that help maintain customer loyalty, with a manageable impact on margins [40][42] Question: What is the update on the luxury line for release in 2025? - The luxury line is planned for launch in the summer of 2025, but it is expected to be a small part of the overall business initially [43] Question: When might destocking end? - Destocking has been slowing down and is now broadly in line with historical sell-out growth [51]

Core Insights - Inter Parfums, Inc. (IPAR) reported strong third-quarter 2024 results, with significant year-over-year growth in both sales and earnings, driven by a robust fragrance market and effective marketing strategies [1][5][14] Sales Performance - Quarterly net sales reached $424.6 million, reflecting a 15% increase year-over-year, with notable contributions from both established and new fragrance brands [5][14] - Sales growth was particularly strong in North America (12%), Western Europe (25%), and Asia/Pacific (15%), while Central and South America saw a 20% increase and Eastern Europe rebounded with a 23% growth [2][5] Brand Contributions - The introduction of new brands like Roberto Cavalli and Lacoste contributed 10% to quarterly sales, with expectations that sales from these brands will exceed $100 million in 2024 [3][14] - European operations saw a 21% sales surge to $282 million, driven by strong performances from Jimmy Choo (17% increase) and Montblanc (10% increase) [6] Operational Efficiency - The company's operating income rose to $106 million, up from $87.2 million in the previous year, with an operating margin expansion of 130 basis points to 25% [11] - Gross profit increased by 15.4% year-over-year to $271.2 million, maintaining a gross margin of 63.9% [9] Financial Position - Inter Parfums ended the quarter with cash and cash equivalents of $78.4 million and long-term debt of $134.6 million, alongside total equity of $985.1 million [12] Future Outlook - Management remains optimistic about the final quarter of 2024 and has reiterated its full-year guidance, anticipating net sales of $1.45 billion and earnings of $5.15 per share, representing a 10% growth in sales and an 8% increase in earnings from 2023 [4][14]

Core Insights - Interparfums reported revenue of $424.63 million for the quarter ended September 2024, marking a year-over-year increase of 15.4% and an EPS of $1.93 compared to $1.66 a year ago, with a slight revenue surprise of -0.08% against the Zacks Consensus Estimate [1] Revenue Performance by Region - North America net sales reached $167.70 million, exceeding the average estimate of $158.02 million [3] - Western Europe net sales were $110.40 million, surpassing the average estimate of $92.98 million [3] - Asia/Pacific net sales totaled $49.40 million, falling short of the average estimate of $58.82 million [3] - United States net sales were $146.10 million, representing an 8.7% increase year-over-year, but below the average estimate of $152.05 million [3] - Central and South America net sales amounted to $29.70 million, below the average estimate of $32.23 million [3] - Eastern Europe net sales reached $36.50 million, exceeding the average estimate of $26.23 million [3] - Total Europe net sales were $282.48 million, reflecting a 21% year-over-year increase and surpassing the average estimate of $264.02 million [3] - Middle East and Africa net sales were $30.90 million, below the average estimate of $36.29 million [3] Stock Performance - Interparfums shares have returned +4.1% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change, with a Zacks Rank 2 (Buy) indicating potential for further outperformance in the near term [4]

Company Performance - Interparfums reported quarterly earnings of $1.93 per share, exceeding the Zacks Consensus Estimate of $1.83 per share, and up from $1.66 per share a year ago, representing an earnings surprise of 5.46% [1] - The company posted revenues of $424.63 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.08%, compared to $367.97 million in the same quarter last year [2] - Over the last four quarters, Interparfums has surpassed consensus EPS estimates two times and topped revenue estimates just once [2] Stock Performance - Interparfums shares have declined approximately 12.2% since the beginning of the year, while the S&P 500 has gained 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.94 on revenues of $368.49 million, and for the current fiscal year, it is $5.17 on revenues of $1.46 billion [7] Industry Outlook - The Consumer Products - Discretionary industry, to which Interparfums belongs, is currently ranked in the bottom 29% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Interparfums' stock performance [5][6]

Exhibit 99.1 INTERPARFUMS, INC. FOR IMMEDIATE RELEASE INTERPARFUMS, INC. REPORTS RECORD 2024 THIRD QUARTER NET SALES Achieves Best Quarterly Sales Performance in Company History; Reaf irms FY2024 Guidance 2024 Third Quarter Conference Call Scheduled for November 7, 2024 New York, New York, October 21, 2024, Interparfums, Inc. (NASDAQ GS: IPAR) ("Interparfums" or the "Company") today announced that for the three months ended September 30, 2024, net sales rose to a record $425 million, up 15% from $368 millio ...

Delaware 13-3275609 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) (212) 983-2640 (Registrants telephone number, including area code) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.001 par value per share IPAR The Nasdaq Stock Market 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 o ...