Inter Parfums Q1 EPS $1.27, down 24% YoY; reaffirms FY 2024 guidance of $5.15 EPS, $1.45B sales

INTERPARFUMS INC

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

Net sales $324M (+4% YoY); gross margin 62.5% vs 65.1% due to unfavorable mix and cost inflation.
Net income $41M, diluted EPS $1.27, both down 24% from Q1 2023.
Reaffirms FY 2024 guidance: net sales $1.45B, diluted EPS $5.15 (8% growth).
Quarterly dividend $0.75 per share, payable June 28, record June 14.
Advertising and promotion spend rose to 14.9% of sales (from 11.3%); full-year plan ~21%; Lacoste amortization $1.6M.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERPARFUMS INC reported first quarter ended March 31, 2024 results: revenue Net Sales $324, net income Net Income attributable to IP $41, EPS Diluted EPS $1.27. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: Net Sales $324
Net income: Net Income attributable to IP $41
EPS: Diluted EPS $1.27
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the first quarter ended March 31, 2024. First Quarter 2024 Highlights: ($ in millions, except per share amounts) Three Months Ended March 31, 2024 2023 % Change Net Sales $324 $312 4% Gross Margin 62.5% 65.1% (260 bps) Operating Income $68 $90 (25%) Operating Margin 21.0% 29.0% (800 bps) Net Income attributable to IP $41 $54 (24%) Diluted EPS

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Source: SEC EDGAR

accession 0001753926-24-000931

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