Core Viewpoint - Interparfums, Inc. reported a record third quarter with consolidated sales growth of 1% for both the third quarter and year-to-date periods, driven by consumer interest in prestige and luxury fragrances despite a more selective spending environment [4]. Financial Performance - **Net Sales**: - Total net sales for the three months ended September 30, 2025, were $430 million, a 1% increase from $425 million in 2024. For the nine months ended September 30, 2025, net sales were $1,102 million, also a 1% increase from $1,091 million in 2024 [2]. - **European Operations**: - European based net sales rose 5% to $295 million for the third quarter, and 6% to $784 million for the nine months, supported by strong performance from the Jimmy Choo brand [2][5]. - **United States Operations**: - United States based net sales decreased by 6% to $137 million for the third quarter and by 10% to $327 million for the nine months, with organic net sales down 6% year-to-date, excluding the impact of the discontinued Dunhill license [2][8]. Market Dynamics - **Exchange Rate Impact**: - The average dollar/euro exchange rate for the third quarter of 2025 was 1.17, compared to 1.10 in the same period of 2024, resulting in a positive 2% foreign exchange impact [3]. - **Brand Performance**: - The Jimmy Choo brand grew 16% in the third quarter, while Lacoste fragrances are on track to achieve $100 million in sales this year [5]. - Coach brand sales increased by 6% for the quarter and 18% year-to-date, while Roberto Cavalli fragrance sales rose 44% in the quarter [6][11]. - Donna Karan/DKNY saw a decline of 14% in the third quarter, attributed to high growth levels in the previous year [10]. Management Insights - Management expressed optimism about the resilience of the overall market and the company's innovation and portfolio evolution, despite macroeconomic headwinds [4][12]. - The company is focusing on long-term strategies, innovative product development, and high service levels to expand market share as the industry evolves [12].