Interparfums issues initial 2026 guidance: net sales +1% to $1.48B, EPS -5% to $4.85

INTERPARFUMS INC

2025-Q3 EPS reported $4.36 vs consensus $2.00 ▲ beat (+118.5%)

2026E net sales $1.48B vs 2025E $1.47B (+1%); diluted EPS $4.85 vs $5.12 (-5%).
Cites macroeconomic headwinds, destocking, Boucheron license expiration, and tariff impacts.
Investments in Off-White, Longchamp, Solférino, and Annick Goutal brands pressure near-term earnings.
Expects 2027 to be 'very strong' as new brand distribution ramps up; FX gains partially offset Boucheron loss.
Plans launches for Coach, Lacoste, Jimmy Choo, Montblanc, GUESS, Ferragamo, and anniversary collection for MCM.

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