Inter Parfums (IPAR) Q1 Earnings Miss, Sales Up on Solid Brands

Inter Parfums, Inc. (IPAR) posted first-quarter 2024 results, wherein the bottom line declined year over year and fell short of the Zacks Consensus Estimate. However, sales increased due to strength in U.S.-based operations.The fragrance market stays vibrant, with major brands consistently experiencing robust sell-out rates and receiving positive feedback from retailers and consumers. Continued momentum in the fragrance market and the successful initial shipments of Lacoste and Cavalli fragrances drove resu ...