Inter Parfums reports record Q2 sales $342M (+11% YoY); EPS $1.14 (+5%); reaffirms FY2024 guidance

INTERPARFUMS INC

2024-Q2 EPS reported $2.41 revenue$666,192,000

Q2 net sales $342M, up 11% YoY; gross margin expanded 360bps to 64.5%.
Operating income $65M (+18%); net income $37M; diluted EPS $1.14.
Reaffirms FY2024 guidance: net sales $1.45B, EPS $5.15.
Quarterly dividend $0.75/share, payable Sept 30, 2024 to holders of record Sept 13.
Van Cleef & Arpels license renewed for 9-year term beginning Jan 1, 2025.

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