Interparfums, Inc. Reports Record 2025 First Quarter Sales

Core Insights - Interparfums, Inc. reported a 5% increase in net sales for Q1 2025, reaching $339 million compared to $324 million in Q1 2024 [2][5] - The company reaffirmed its 2025 guidance, projecting net sales of $1.51 billion and earnings per diluted share of $5.35, both reflecting a 4% increase [9] Sales Performance - European based net sales increased by 7% to $248 million, driven by strong performances from brands such as Jimmy Choo (up 36%), Coach (up 11%), and Lacoste (up 30%) [3][6] - United States based net sales saw a slight decline of 1% to $94 million, although organic sales increased by 3% when excluding the impact of the discontinued Dunhill license [3][7] Market Dynamics - The average dollar/euro exchange rate for Q1 2025 was 1.05, compared to 1.09 in Q1 2024, resulting in a negative 1% foreign exchange impact [4] - The company is addressing new tariffs through supply chain adjustments and plans selective price increases in August 2025 to mitigate rising costs [8] Brand Performance - Donna Karan/DKNY fragrance sales rose by 5%, while MCM sales grew by 17% due to the Park Collection rollout [8] - Roberto Cavalli experienced a 28% increase in net sales following the start of its fragrance distribution in February 2024 [8] Future Outlook - The company is optimistic about the fragrance market's strength and expects Montblanc fragrance sales to increase with the upcoming launch of Montblanc Explorer Extreme [6][8] - Management emphasized the importance of a diversified brand portfolio and robust innovation pipeline for strong performance throughout 2025 [5][8]