Inter Parfums, Inc. (IPAR) is likely to see a bottom-line decline when it reports first-quarter 2024 earnings on May 7. The consensus mark for quarterly earnings has declined by 4.9% in the past 30 days to $1.56 per share. This indicates a decrease of 7.1% from the year-ago quarter’s reported figure. However, IPAR has a trailing four-quarter earnings surprise of 16.4%, on average.Factors to NoteInter Parfums has been battling elevated SG&A costs for a while. The company has been undertaking heightened inves ...

Inter Parfums (IPAR) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On ...

Inter Parfums, Inc. (IPAR) has once again demonstrated its resilience and strength in the fragrance market, reporting decent net sales for the first quarter of 2024. This producer and distributor of a wide array of prestige fragrance and fragrance-related products has delivered noteworthy results, reporting a 4% year-over-year increase in net sales for the quarter, reaching $324 million.According to Jean Madar, the chairman & chief executive officer of Inter Parfums, the decent performance in the quarter wa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or pro (Exact name of registrant as specified in its charter) | Delaware | 13-3275609 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | 551 Fifth Avenue, New York, New York | 10176 | | (Address of Principal Executi ...

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 September 30, 2023. 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 INTER PARFUMS, INC. (Exact name of registrant as specified in its charter) | Delaware | 13-3275609 | ...

Inter Parfums, Inc. (NASDAQ:IPAR) Q2 2023 Earnings Conference Call August 9, 2023 11:00 AM ET Company Participants Karin Daly - VP, Equity Group, IR Jean Madar - Chairman and CEO Michel Atwood - CFO Conference Call Participants Ashley Helgans - Jefferies Korinne Wolfmeyer - Piper Sandler Hamed Khorsand - BWS Financial Linda Bolton-Weiser - D.A. Davidson Operator Greetings and welcome to the Inter Parfums 2023 Second Quarter Earnings Conference Call and Webcast. At this time, all participants are in a listen ...

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 June 30, 2023. 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 INTER PARFUMS, INC. (Exact name of registrant as specified in its charter) Delaware 13-3275609 (State or o ...

Inter Parfums, Inc. (NASDAQ:IPAR) Q1 2023 Earnings Conference Call May 9, 2023 11:00 AM ET Company Participants Karin Daly - Vice President, Equity Group, IR Jean Madar - Chairman and CEO Michel Atwood - Chief Financial Officer Conference Call Participants Linda Bolton-Weiser - D.A. Davidson Sydney Wagner - Jefferies Korinne Wolfmeyer - Piper Sandler Hamed Khorsand - BWS Financial Operator Greetings. And welcome to the Inter Parfums First Quarter 2023 Conference Call and Webcast. At this time, all participa ...

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, 2023. 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 INTER PARFUMS, INC. (Exact name of registrant as specified in its charter) | (State or other jurisdiction ...

Financial Data and Key Metrics Changes - In 2022, net sales reached $1.087 billion, a 24% increase from $880 million in 2021, with diluted EPS of $3.78, marking a 38% increase [31][27][60] - The fourth quarter of 2022 saw net sales of $311 million, a 47% increase from $211 million in the same period in 2021, with a 57% increase at comparable foreign exchange rates [27][31] - The company reported a working capital of $443 million, with a working capital ratio of 2.3:1, indicating a strong balance sheet [4] Business Line Data and Key Metrics Changes - U.S. operations achieved a sales growth of 58% in 2022, doubling sales compared to pre-COVID levels in 2019 [29][31] - Sales in Western Europe and Asia rose by 28% and 19% respectively, while Central and South America grew by 24% and the Middle East by 44% [20] - The Donna Karan and DKNY brands are expected to emerge as the second largest brand within U.S. operations, with production taken over from the former licensee [22] Market Data and Key Metrics Changes - The strength of the dollar negatively impacted sales but boosted gross margins, with European operations growing sales in U.S. dollars by 12% but 20% in constant currency [33][38] - The U.S. market grew about 12% last year, with the company outpacing this growth [73] - The company noted that only 3% of the Chinese population wears fragrance, indicating significant growth potential in this market [25] Company Strategy and Development Direction - The company plans to continue investing in marketing, targeting 21% of net sales for promotion and advertising to ensure long-term growth [41][78] - A 15-year exclusive fragrance license agreement with Lacoste was signed, expected to significantly contribute to future sales [35] - The company is focused on expanding its brand portfolio and enhancing its supply chain management through an upgraded ERP system [24][56] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the Chinese market, noting slow recovery post-COVID and challenges in product registration [5][45] - The company anticipates 2023 to be an even better year with new product launches and brand extensions [55] - Management highlighted the ongoing demand for fragrances, particularly among younger consumers in emerging markets [77] Other Important Information - The company announced a 25% increase in its annual dividend from $2 to $2.50 per share, reflecting confidence in future business prospects [44] - Inventory levels increased by 46% from year-end 2021, with a strategy to maintain higher inventory to mitigate supply chain issues [43] Q&A Session Summary Question: Update on the situation in China post-reopening - Management noted that the start in China has been slow, with some reservations about the pace of recovery, although there was increased store traffic during the Chinese New Year [45][67] Question: Component shortages and their current status - Management acknowledged ongoing challenges with certain components but emphasized a strategy to diversify suppliers and maintain inventory levels [70] Question: Retail inventory levels in the U.S. - Management reported strong sell-through during the holiday season, leading to low inventory levels at retail partners, necessitating replenishment [51][73] Question: Durability of demand across regions - Management confirmed that demand remains strong, particularly in the U.S. and Europe, with continued growth in the fragrance category [75][88] Question: Marketing spend strategy for 2023 - Management reiterated the importance of maintaining marketing spend to support brand growth and ensure long-term shareholder returns [78][94]