Interparfums, Inc. (IPAR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to Interparfums, Inc.' 's 2025 Third Quarter Conference Call and Webcast. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference call is being recorded. At this time, I'd like to turn the call over to Karen Daly, Vice President at the Equity Group and Interparfums Investor Relations Representative. Thank you. You may begin. Thank you, Operator. Joining us on the call today will be Chairman and Chief Executive Officer Jean Madar and Chief Financial Officer Michelle Atwood. As a reminder, this conference call may contain forward-looking statements which involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from projected results. These factors may be found in the company's filings with the Securities and Exchange Commission under the headings Forward-Looking Statements and Risk Factors. Forward-looking statements speak only as of the date on which they are made, and Interparkrooms undertakes no obligation to update the information discussed. Interparkrooms' consolidated results include two business segments, European-based operations through Interparkrooms SA, the company's 72%-owned French subsidiary, and United States-based operations. It's now my pleasure to turn the call over to Jean Medard. Jean? Thank you, Karen. Good morning, everyone. Consistent with what we started to see in the second quarter, sales continued to moderate in the third quarter as macroeconomic conditions remained uncertain. We are leaning further into innovation across our portfolio, f...