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Interparfums, Inc. Reports 2025 First Quarter Results
Reaffirms 2025 Sales and Earnings Guidance NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) today reported results for the
About this update from Interparfums, Inc.
[{"type":"text","content":"Reaffirms 2025 Sales and Earnings Guidance\nNEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2025. First Quarter Highlights: ($ in millions, except per share amounts)Three Months EndedMarch 31,20252024% ChangeNet Sales$339$3245%Gross Margin63.7%62.5%+120 bpsOperating Income$75$6810%Operating Margin22.2%21.0%+120 bpsNet Income attributable to Interparfums, Inc.$42$414%Diluted EPS$1.32$1.274%The average dollar/euro exchange rate for the 2025 first quarter was 1.05 compared to 1.09 in the 2024 first quarter leading to a negative 1% foreign exchange impact on sales. Operational CommentaryJean Madar, Chairman & Chief Executive Officer of Interparfums noted, “We started the year with strong momentum, driven by continued demand for our key brands and a dynamic lineup of new fragrance innovation, leading to sales growth of 5% for the quarter. “On an organic basis, excluding the impact of foreign exchange and the discontinuation of the Dunhill license, net sales rose by 7%, due in large part to gains by our Jimmy Choo, Coach, and Lacoste fragrances for European based operations and Donna Karan/DKNY, MCM, and Roberto Cavalli fragrances for United States based operations. “Our largest markets, North America and Western Europe achieved gains of 14% and 1%, respectively. Eastern Europe posted a 46% increase in sales, rebounding from a 22% decline in last year’s first quarter, which was driven by temporary sourcing constraints that have been resolved. Asia/Pacific sales declined by 3% largely due to the high bar set in the prior year period when sales rose 13% with exceptional sales in Australia. Central and South America declined 10%, also off a very high base in 2024 when the region grew 31%. Middle East and Africa sales declined 16% due to macroeconomic challenges and a disproportionate impact from the exit of the Dunhill license due to its significant presence there. “We remain dedicated to sustaining the current momentum of our existing fragrance lines, while simultaneously executing a robust innovation pipeline that introduces fragrance blockbusters and extensions to further elevate our brands. As a testament to our success and as previously announced, we renewed our partnership with Coach for another five-year period, extending the license until...