Inter Parfums reports record Q1 net sales of $324M; reaffirms 2024 guidance of $1.45B

INTERPARFUMS INC

2024-Q1 EPS reported $1.27 revenue$323,963,000

Record Q1 net sales of $324M, up 4% YoY from $312M.
European-based sales flat at $231M; US-based sales up 18% to $96M.
Coach sales up 5%; Montblanc down 5%; Jimmy Choo down 23% due to high prior-year comps.
Donna Karan/DKNY up 44%, GUESS up 21% driving US segment growth.
Management reaffirms full-year 2024 net sales guidance of $1.45B.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERPARFUMS INC reported the three months ended March 31, 2024 results: revenue $324 million. Guidance reaffirmed.

Period: the three months ended March 31, 2024
Revenue: $324 million
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

Inter Parfums, Inc. (NASDAQ GS: IPAR) (“Inter Parfums” or the “Company”) today announced that for the three months ended March 31, 2024, net sales rose to $324 million, up 4% from $312 million, in the first quarter of 2023.

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Source: SEC EDGAR

accession 0001753926-24-000820

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