INTER PARFUMS INC. overview

Inter Parfums, Inc. (NASDAQ GS: IPAR) (“Inter Parfums” or the “Company”) today reported its financial results for the second quarter and six months ended June 30, 2023. Second Quarter 2023 Financial Highlights ($ in millions, except per share data) 2023 2022 % Change Net Sales $309 $245 26% Gross Margin $188 $154 23% Gross Margin (as a percentage of net sales) 60.9% 62.8% (190 bps) Operating Income $55 $45 21% Operating Margin 17.8% 18.6% (80 bps) Net Income (attributable to Inter...

Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the second quarter ended June 30, 2023 on Tuesday, August 8, 2023, after the close of the stock market. Management will host a conference call to discuss financial results and business operations beginning at 11:00 am ET on Wednesday, August 9, 2023. Interested parties may participate in the live call by dialing: U.S. / Toll-free: (877) 423-9820 International: (201) 493-6749 Participants are asked to...

Inter Parfums, Inc. (NASDAQ GS: IPAR) (“Inter Parfums” or the “Company”) today announced that for the three months ended June 30, 2023, net sales rose to $309 million, up 26% from $245 million, in the second quarter of 2022. At comparable foreign currency exchange rates, consolidated 2023 second quarter net sales increased 25% compared to the second quarter of 2022. Of note, the average dollar/euro exchange rate for the current second quarter was 1.09 compared to 1.06 in the second...

Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it has entered into an exclusive worldwide fragrance license for the Roberto Cavalli brand, effective July 6, 2023. Based in Florence, Interparfums Italia, the Company’s wholly owned subsidiary, will manage the Cavalli fragrance business, in keeping with the Company’s strategy to develop an Italian brand hub. Established in 1970, Roberto Cavalli is a globally recognized Italian luxury lifestyle brand incorporating apparel for women,...

Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported record results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights: ($ in millions, except per share data) 2023 2022 % Change Net Sales $311.7 $250.7 24% Gross Margin 65.1% 63.3% 180 bps Operating Income $90.3 $61.2 47% Operating Margin 29.0% 24.4% 460 bps Net Income (attributable to IP) $54.1 $35.3 53% Diluted EPS $1.68 $1.10 52% The average dollar/euro exchange rates for the 2023 and 2022 first quarters were 1.07 and...

Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the first quarter ended March 31, 2023 on Monday, May 8, 2023, after the close of the stock market. Management will host a conference call to discuss financial results and business operations developments beginning at 11:00 am ET on Tuesday, May 9, 2023. Interested parties may participate in the live call by dialing: U.S. / Toll-free: (877) 423-9820 International: (201) 493-6749 Participants are asked...

Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended March 31, 2023, net sales rose to a record $312 million, a 24% increase from $251 million in the first quarter of 2022. At comparable foreign currency exchange rates, consolidated first quarter net sales increased 27% from the first quarter of 2022. Of note, the average dollar/euro exchange rates for the 2023 and 2022 first quarters were 1.07 and 1.12, respectively, leading to a negative 2.4% foreign exchange...

Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter & Full Year Highlights: ($ in millions, except per share data) Q4’22 Q4’21 % Change Full Year 2022 Full Year 2021 % Change Net Sales $311 $211 47% $1,087 $880 24% Gross Margin 64.4% 62.6% +180 bps 63.9% 63.3% +60 bps Operating Income (loss) $23 ($12) n.m. $194 $148 31% Operating Margin 7.5% (5.8%) +1,326 bps 17.9% 16.8% +110 bps Net Income (Loss)...