Record Q1 2023: net sales $311.7M, +24% YoY; EPS $1.68, +52%; affirms FY guidance

INTERPARFUMS INC

2023-Q1 EPS reported $1.68 revenue$311,723,000

Net sales $311.7M (record), up 24% YoY; diluted EPS $1.68 vs $1.10, net income +53%.
European ops sales +26% (29% constant currency); Jimmy Choo up 63%, Montblanc +28%, Coach +24%.
Affirms FY2023 guidance: net sales $1.25B, EPS $4.25; Q1 operating margin 29% (vs 24.4% YoY).
New Fierce distribution agreement with Abercrombie & Fitch effective Sep 2023; first phase in major markets.
Regular dividend $0.625/share payable June 30, 2023 to holders of record June 15; small share buyback initiated.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERPARFUMS INC reported the first quarter ended March 31, 2023 results: revenue $311.7, net income $54.1, EPS $1.68. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $311.7
Net income: $54.1
EPS: $1.68
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported record results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights: ($ in millions, except per share data) 2023 2022 % Change Net Sales $311.7 $250.7 24% Gross Margin 65.1% 63.3% 180 bps Operating Income $90.3 $61.2 47% Operating Margin 29.0% 24.4% 460 bps Net Income (attributable to IP) $54.1 $35.3 53% Diluted EPS $1.68 $1.10 52%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERPARFUMS INC reported fiscal year 2023 results: revenue $1.25 billion, EPS $4.25. Guidance reaffirmed.

Period: fiscal year 2023
Revenue: $1.25 billion
EPS: $4.25
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Affirming our raised guidance, as announced last month in our first quarter sales release, we believe we remain well on track to achieve net sales of $1.25 billion and earnings per diluted share of $4.25.

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Source: SEC EDGAR

accession 0001753926-23-000596

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