Inter Parfums-Interparfums Q4 Sales Up 10% Year Over Year, Key Brands Boost Growth

Core Viewpoint - Interparfums, Inc. (IPAR) reported strong sales results for Q4 and the full year 2024, driven by brand strength and remains optimistic about 2025 prospects [1][11]. Sales Performance - In Q4 2024, Interparfums achieved a 10% increase in net sales, reaching $362 million, marking its best-ever fourth-quarter performance [2]. - For the full year, net sales rose 10% to$ 1.452 billion, aligning with the company's predictions [2]. - The top six brands, accounting for about 70% of net sales, experienced a 5% increase in Q4 and a 4% rise for the full year [4]. Brand Contributions - GUESS is on track to become the third-largest brand with expected annual sales exceeding $200 million [3]. - Newer brands like Lacoste and Roberto Cavalli contributed significantly, accounting for 8% of quarterly sales growth and 9% of full-year growth [4]. Regional Performance - Europe-based net sales were$ 214 million in Q4, a 6% increase, and reached $953 million for the full year, up 10% from 2023 [5]. - U.S.-based net sales reached$ 149 million in Q4, indicating a robust 16% year-over-year increase, and rose 12% to $511 million for the full year [7]. Specific Brand Performance - Jimmy Choo saw an 11% sales increase in Q4 and 7% for the full year [6]. - GUESS fragrances climbed 17% in Q4 and 13% for the full year, driven by demand for legacy scents [8]. - Ferragamo fragrances achieved 13% sales growth in Q4 and remained stable for the year after a 21% increase in 2023 [9]. Growth Strategy and Outlook - Interparfums successfully achieved its sales target of$ 1.45 billion for 2024 and is positioned to meet its earnings per share target of $5.15 [10]. - Looking ahead to 2025, the company is optimistic due to growing demand for premium products, expanding e-commerce channels, and a strong pipeline of new product launches [11].