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EarningsQ2 2026 Earnings Report
IPAR Q2 2026 EPS Results
Actual EPS$0.95
Consensus EPS$0.97
Beat/MissMissed by -$0.02
One Year Ago EPS$0.99
IPAR Q2 2026 Revenue Results
Actual Revenue$341.04M
Expected Revenue$341.00M
Beat/MissBeat by +$37.00K
YoY Revenue Growth+2.13%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
IPAR Upcoming Earnings
Inter Parfums's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
IPAR Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture. Multiple core brands and key regions (Asia Pacific, South America, North America) delivered strong growth and the company showed improved cash generation, inventory reductions, and received meaningful tariff refunds that support margin outlook and reinvestment plans. Offsetting these positives were notable regional setbacks (Middle East -24%, Eastern Europe -7%, Western Europe softness), a sharp decline at Lacoste (-16%), tariff expenses and margin compression (operating margin down from 20% to 17.9%), plus reliance on nonrecurring tariff refunds to support full-year EPS. Management maintained guidance, emphasized an active blockbuster launch pipeline for 2027 and disciplined investment, but highlighted macro, FX and geopolitical risks that could impact H2 performance.Company Guidance
Modest Consolidated Sales Growth
Consolidated net sales grew 2% in Q2 and 2% in the first half of 2026; excluding war-related headwinds in the Middle East, organic sales advanced 4% in the quarter and 1% year-to-date.
Strong Regional Outperformance — Asia Pacific and South America
Asia Pacific sales rose 14% and South America increased 15% in the first half, driven by Coach, Montblanc, GUESS expansion (including stronger footprint in Australia/New Zealand) and new distributor activity in India and Korea.
U.S. Business Rebound
United States-based operations grew 18% in Q2 (17% organic) and 10% in the first half (8% organic), benefitting from a favorable 2025 comparison and strong brand momentum.
Multiple High-Performing Brands
Several major brands posted double-digit or strong growth in H1: Coach +10%, GUESS +11%, Ferragamo +17% (Q2 +41%), Jimmy Choo +8% (Q2 +23%), Donna Karan/DKNY +12% (Q2 +28%), Roberto Cavalli +8%, Montblanc +6%.
Gross Margin Expansion and Tariff Refunds
First half gross margin expanded 30 basis points to 65.3% (from 65.0%). The company received $17.6M in IEEPA tariff refunds (with $8.7M received by June 30 and $6.9M recognized in Q2) and expects total-year gross margin improvement of roughly 150 bps (about 110 bps from refunds).
Improved Cash Flow and Strong Liquidity
Cash, cash equivalents and short-term investments totaled $211M at June 30, 2026. Operating cash flow improved to $46M in H1 (49% of net income) versus $5M in the prior year; inventories declined 12% to $376M and inventory days fell 34 days to 269 days.
Portfolio Concentration and Channel Strength
The top 7 brands (81% of H1 sales) grew 6%; the expanding direct-to-retail channel (42% of H1 sales) grew 9%; the top 20 brand-region combinations (84% of sales) grew 7%, indicating core business resilience.
Maintained 2026 Guidance and Product Pipeline
Company maintained full-year guidance: ~ $1.48B sales and diluted EPS of $4.85 (includes tariff refund benefits). Management outlined a large 2027 blockbuster launch cadence across multiple $100M+ brands and new licenses (Longchamp, Off-White) with Longchamp highlighted as potential future $100M brand.
IPAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed