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 ...

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]

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]