Inter Parfums issues initial 2024 guidance: sales $1.45B, EPS $5.15, up 12% and 8% YoY

INTERPARFUMS INC

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

2024 net sales guided at $1.45B, earnings per diluted share $5.15, representing 12% and 8% increases over 2023 guidance.
2023 guidance reaffirmed at $1.3B sales and $4.75 EPS; average dollar/euro exchange rate assumed constant.
Cavalli and Lacoste fragrance shipments to begin January 2024, adding ~7% to top-line growth.
Lacoste non-cash amortization expense expected to reduce 2024 EPS by approximately $0.11.
Established brands expected to produce ~5% organic growth including travel retail; launch investments weigh on margin.

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