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Inter Parfums' Q3 Sales Rise 15% on Strong Brand Performance
ZACKS· 2024-10-22 16:56
Inter Parfums, Inc. (IPAR) continues to benefit from strength in the fragrance market, as reflected in its stellar third-quarter 2024 sales. The results were fueled by ongoing fragrance market momentum, the strong performance of the company’s largest brands, as well as contributions from its latest brands, Lacoste and Roberto Cavalli.For the three months ended Sept. 30, 2024, net sales rose 15% to $425 million from $368 million reported in the year-ago quarter. This growth was driven by the strong performan ...
Interparfums, Inc. Reports Record 2024 Third Quarter Net Sales
GlobeNewswire News Room· 2024-10-21 20:05
Achieves Best Quarterly Sales Performance in Company History; Reaffirms FY2024 Guidance2024 Third Quarter Conference Call Scheduled for November 7, 2024 NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) (“Interparfums” or the “Company”) today announced that for the three months ended September 30, 2024, net sales rose to a record $425 million, up 15% from $368 million in the third quarter of 2023. Net Sales ($ in millions) Data may not foot due to rounding Three Months EndedNi ...
How IPAR is Benefiting From Key Trends in the Fragrance Industry
ZACKS· 2024-10-08 12:55
Inter Parfums, Inc. (IPAR) is taking advantage of favorable conditions in the fragrance market, leading to notable growth. The company is benefiting from the introduction of new fragrance licenses such as Roberto Cavalli and Lacoste, which are contributing to its impressive financial performance. In second-quarter 2024, the company saw a year-over-year increase in sales and earnings, partly owing to its broad global distribution network and a well-established lineup of brands. This success reflects IPAR's s ...
What's Ahead for Inter Parfums in the Booming Fragrance Market?
ZACKS· 2024-09-25 16:10
Inter Parfums, Inc. (IPAR) is capitalizing on positive trends in the fragrance market, with strong sales from new licenses like Roberto Cavalli and Lacoste driving its success. The company's growth strategy combines established brands with targeted marketing and a wide global distribution network. This balanced approach is proving effective, particularly as the travel retail sector experiences a resurgence due to increased leisure and business travel. As a result, Inter Parfums' second-quarter 2024 earnings ...
Why Is Inter Parfums (IPAR) Down 6.9% Since Last Earnings Report?
ZACKS· 2024-09-05 16:36
A month has gone by since the last earnings report for Inter Parfums (IPAR) . Shares have lost about 6.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Inter Parfums due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Inter Parfums Q2 Earnings Top, Sales Up on Robu ...
Inter Parfums Leverages Fragrance Market Growth Despite High Costs
ZACKS· 2024-09-05 14:15
Inter Parfums, Inc. (IPAR) seems to be thriving in the fragrance industry, benefiting from strong momentum and an expanding market share. As a leading provider of fragrances and related products, the company is making significant strides with successful brand expansions and new product launches. Management is actively pursuing growth opportunities through new licenses and strategic acquisitions. However, it's important to note that the company faces challenges from a rising cost environment. IPAR's Growth B ...
Inter Parfums: Fragrance Sales Surge To New Heights
Seeking Alpha· 2024-08-16 13:22
luza studios/E+ via Getty Images Synopsis Inter Parfums, Inc. (NASDAQ:IPAR) is a global marketer and distributor of a variety of high-end perfumes and other related products in the United States and Europe. It has demonstrated robust growth across major markets, achieving record sales and margin improvements in 2Q24, driven by strong performance in both European and U.S.-based operations. In addition, the firm has effectively leveraged price increases to offset inflationary pressures, benefiting from the re ...
Interpreting Inter Parfums (IPAR) International Revenue Trends
ZACKS· 2024-08-12 14:21
Have you assessed how the international operations of Inter Parfums (IPAR) performed in the quarter ended June 2024? For this perfume maker, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects. In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors, ...
Inter Parfums(IPAR) - 2024 Q2 - Earnings Call Transcript
2024-08-07 19:35
Inter Parfums, Inc. (NASDAQ:IPAR) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Karin Daly - VP, Equity Group & IR Representative Jean Madar - Chairman & CEO Michel Atwood - CFO Conference Call Participants Oliver Chen - TD Cowen Linda Bolton-Weiser - D.A. Davidson Ashley Helgans - Jefferies Korinne Wolfmeyer - Piper Sandler Hamed Khorsand - BWS Financial Operator Greetings. Welcome to Inter Parfums 2024 Second Quarter Earnings Call and Webcast. [Operator Instructions]. As ...
Inter Parfums (IPAR) Q2 Earnings Top, Sales Up on Robust Demand
ZACKS· 2024-08-07 16:10
Inter Parfums, Inc. (IPAR) posted impressive second-quarter 2024 results, with the bottom line increasing year over year and surpassing the Zacks Consensus Estimate. Quarterly sales increased owing to strength in U.S.- based and Europe-based operations. Sales benefited from continued momentum in the fragrance market, the strength of its legacy brands, the rapid ramp-up of its new brands, effective advertising and promotional efforts and its extensive global distribution network. IPAR's strategic approach to ...