Inter Parfums' Q3 Earnings Coming Up: Is There a Beat in Store?

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]