Inter Parfums raises FY23 EPS view to $4.75 from $4.55, consensus $4.56

With an update on 2023 guidance, Michel Atwood, Chief Financial Officer of Inter Parfums said, “The ongoing strength in the market, coupled with our year-to-date performance, gives us confidence in the balance of the year. We are affirming our FY2023 net sales guidance of $1.3 billion, or growth of 20% from FY2022, despite geopolitical tensions and the very high fourth quarter 2022 base. We are now increasing our earnings per diluted share guidance to $4.75 (previously guided to $4.55), or growth of 26% from $3.78 for FY 2022.”