secwatch.observer — SEC 8-K summary
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Issuer:     INTERPARFUMS INC (IPAR)
CIK:        0000822663
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001753926-24-000931
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822663/000175392624000931/0001753926-24-000931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822663/000175392624000931/g084229_8k.htm
  HTML page:      https://secwatch.observer/filing/0001753926-24-000931

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer