Inter Parfums ( (IPAR) ) has released its Q1 earnings. Here is a breakdown of the information Inter Parfums presented to its investors.
Inter Parfums, Inc. is a global fragrance company that produces and distributes a wide range of prestige fragrances under various brand licenses. The company operates through its European and United States segments, managing a portfolio that includes well-known brands such as Jimmy Choo, Coach, and Lacoste.
In its latest earnings report, Inter Parfums announced record first-quarter sales for 2025, with net sales reaching $339 million, a 5% increase from the previous year. The company reaffirmed its guidance for the full year, projecting net sales of $1.51 billion and earnings per diluted share of $5.35.
Key highlights from the report include a 7% increase in European-based sales, driven by strong performances from brands like Jimmy Choo and Lacoste. Despite a 1% decline in reported U.S. sales due to the discontinuation of the Dunhill license, organic sales in the U.S. rose by 3%. The company also noted significant growth in brands such as Donna Karan/DKNY and MCM.
Looking ahead, Inter Parfums remains optimistic about its performance for the rest of 2025. The company plans to implement selective price increases to manage rising costs and is confident in its ability to navigate challenges through its diversified brand portfolio and global distribution network.