Inter Parfums posts record Q2; raises FY EPS view to $4.55 from $4.25

INTERPARFUMS INC

2023-Q2 EPS reported $2.77 revenue$620,967,000

Q2 net sales $309M (+26% YoY); diluted EPS $1.09 vs $0.86; gross margin 60.9% vs 62.8%.
One-time $7M inventory reserve for underperforming European brands; excluding it, margins expanded YoY.
Raises FY 2023 EPS guidance to $4.55 from $4.25; reaffirms net sales at ~$1.3B (+20% YoY).
Quarterly dividend $0.625/share paid Sep 30 to holders of record Sep 15; $11.3M share buyback in H1.

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 0.95

INTERPARFUMS INC reported second quarter ended June 30, 2023 results: revenue $309, net income $35, EPS $1.09. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $309
Net income: $35
EPS: $1.09
Guidance: raised
Result: reported results

Exact text from the filing

for the second quarter and six months ended June 30, 2023. Second Quarter 2023 Financial Highlights ($ in millions, except per share data) 2023 2022 % Change Net Sales $309 $245 26% Gross Margin $188 $154 23% Gross Margin (as a percentage of net sales) 60.9% 62.8% (190 bps) Operating Income $55 $45 21% Operating Margin 17.8% 18.6% (80 bps) Net

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Source: SEC EDGAR

accession 0001753926-23-001019

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