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]

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 ...

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]

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 ...

Core Viewpoint - Inter Parfums (IPAR) shows potential for significant upside, with a mean price target of $164.75 indicating a 33% increase from the current trading price of $123.91 [1] Price Targets and Analyst Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $5.12, suggesting a consensus among analysts [2] - The lowest estimate of $160 indicates a 29.1% increase, while the highest estimate predicts a 38.8% surge to $172 [2] - A low standard deviation indicates strong agreement among analysts regarding the stock's price movement [7] Earnings Estimates and Analyst Agreement - Analysts have shown increasing optimism about IPAR's earnings prospects, with a positive trend in earnings estimate revisions [9] - The Zacks Consensus Estimate for the current year has increased by 0.4% over the past month, with no negative revisions [10] - IPAR holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - Solely relying on price targets for investment decisions may not be wise, as analysts' price targets can often be overly optimistic due to business incentives [3][6] - While price targets should not be ignored, they should be approached with skepticism, as they may not accurately predict stock price movements [8]

Wall Street analysts expect Inter Parfums (IPAR) to post quarterly earnings of $1.83 per share in its upcoming report, which indicates a year-over-year increase of 10.2%. Revenues are expected to be $424.95 million, up 15.5% from the year-ago quarter.The current level reflects a downward revision of 2.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a ...

Core Insights - Inter Parfums, Inc. (IPAR) is expected to report growth in its bottom line for Q3 2024, with the Zacks Consensus Estimate for earnings rising to $1.83 per share, reflecting a 10.2% increase from the previous year [1] - The company has been benefiting from a strong fragrance market, driven by robust sales from new licenses such as Roberto Cavalli and Lacoste, alongside a focus on innovation and product launches [2] - However, IPAR has faced challenges with higher selling, general and administrative (SG&A) expenses, which may impact profits despite contributing to growth [3] Sales Performance - For the three months ending September 30, 2024, IPAR's net sales increased by 15% to $425 million, up from $368 million in the same quarter last year [5] - European operations saw a significant sales surge of 21% to $282 million, driven by strong performances from brands like Jimmy Choo and Montblanc, which grew by 17% and 10% respectively [5] - U.S. operations also reported a 9% year-over-year sales increase to $146 million, with the GUESS brand achieving a 16% rise in sales [6] Earnings Outlook - The current model does not predict a definitive earnings beat for IPAR, as it holds a Zacks Rank of 1 (Strong Buy) but has an Earnings ESP of -0.14% [7]

Core Viewpoint - Inter Parfums (IPAR) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Inter Parfums for the fiscal year ending December 2024 is projected at $5.17 per share, reflecting an 8.8% increase from the previous year's reported figure [9]. - Over the past three months, the Zacks Consensus Estimate for Inter Parfums has risen by 0.5%, indicating a trend of increasing earnings estimates [9]. Zacks Rating System - The Zacks rating system is based solely on changes in a company's earnings picture, making it a reliable tool for investors to gauge stock performance [2][3]. - The Zacks Rank system categorizes stocks into five groups, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting their superior earnings estimate revision characteristics [10][11]. Market Implications - The upgrade to Zacks Rank 1 for Inter Parfums suggests an improvement in the company's underlying business, which is expected to drive stock price appreciation [6][11]. - The correlation between earnings estimate revisions and near-term stock movements underscores the potential for significant returns when investing based on these revisions [7].