Inter Parfums Q3 net sales $368M (+31% YoY); raises FY EPS guidance to $4.75

INTERPARFUMS INC

2023-Q3 EPS reported $4.42 revenue$988,936,000

Q3 net sales $368M (+31% YoY); diluted EPS $1.66 (+28% from $1.30).
Gross margin 63.9% (down 100 bps); operating margin 23.7% (up 70 bps).
Raises FY2023 EPS guidance to $4.75 from $4.55; reaffirms net sales guidance of $1.3B.
Quarterly dividend of $0.625/share payable Dec 31; repurchased 85,060 shares in 9 months.
Roberto Cavalli fragrances shipping Jan 2024; Lacoste license takes effect Jan 2024.

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 three months and nine months ended September 30, 2023 results: revenue $368 $280 31% Net Sales $368 $280 31%, net income $53 $41 28% Net Income (attributable to Inter Parfums, Inc.) $53 $41 28%, EPS $1.66 $1.30 28% Earnings Per Diluted Share $1.66 $1.30 28%. Guidance raised.

Period: three months and nine months ended September 30, 2023
Revenue: $368 $280 31% Net Sales $368 $280 31%
Net income: $53 $41 28% Net Income (attributable to Inter Parfums, Inc.) $53 $41 28%
EPS: $1.66 $1.30 28% Earnings Per Diluted Share $1.66 $1.30 28%
Guidance: raised
Result: reported results

Exact text from the filing

Inter Parfums, Inc. (NASDAQ GS: IPAR) (“Inter Parfums” or the “Company”) today reported its financial results for the three months and nine months ended September 30, 2023. Third Quarter Financial Highlights ($ in millions, except per share data) 2023 2022 % Change Net Sales $368 $280 31% Gross Profit $235 $182 29% Gross Margin (as a percentage of net sales) 63.9% 64.9% (100 bps) Operating Income $87 $64 35% Operating Margin 23.7% 23.0% 70 bps Net Income (attributable to Inter Parfums, Inc.) $53 $41 28% Earnings Per Diluted Share $1.66 $1.30 28%

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Source: SEC EDGAR

accession 0001753926-23-001434

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