Inter Parfums(US:IPAR)2025-02-25 21:18Financial Performance - FY2024 net sales reached $1.45 billion, a 10% increase from FY2023[2] - Q4 2024 net sales were $362 million, also reflecting a 10% growth compared to Q4 2023[3] - U.S. based net sales grew by 16% in Q4 2024 and 12% for the full year, totaling $511 million[3] - The average dollar/euro exchange rate for Q4 2024 was 1.07, resulting in a negative 0.2% foreign exchange impact[3] - The company anticipates earnings per diluted share of $5.15 for FY2024, excluding a non-recurring impairment charge[14] Brand Performance - GUESS brand sales increased by 17% in Q4 2024, with annual sales expected to exceed $200 million[5][11] - Jimmy Choo, the largest brand, saw an 11% sales increase in Q4 2024, driven by the I Want Choo franchise[7] - Lacoste achieved $85 million in net sales in its first year, contributing 8% to consolidated quarterly sales growth[9] - The top six brands accounted for approximately 70% of net sales, with a 5% increase in Q4 2024[5] Future Outlook - Management is optimistic about 2025, citing strong demand for premium products and a robust pipeline of new launches[13]