Inter Parfums, Inc. Revises Earnings Guidance for the Year 2023
November 08, 2023 at 02:45 am IST
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Inter Parfums, Inc. revised earnings guidance for the year 2023. For the year, the company expects net sales to be $1.3 billion, or growth of 20% from the fiscal year 2022, despite geopolitical tensions and the very high fourth quarter 2022 base. Earnings per diluted share to be $4.75 against previous guidance of $4.55, or growth of 26% from $3.78 for the fiscal year 2022.
Guidance assumes that the dollar/euro average exchange rate remains at current levels; only modest sales from China are included, and newly acquired fragrance licenses, Roberto Cavalli and Lacoste, are not included.
Inter Parfums, Inc. manufactures, markets and distributes a range of fragrance and fragrance related products. The Company has two segments. The Company produces and distributes its fragrance products under license agreements with brand owners, and fragrance product sales through its European based operations segment. It has built a portfolio of brands, which include Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T. Dupont, and Van Cleef & Arpels, whose products are distributed in approximately 120 countries around the world. Its brand fragrance products are also produced and marketed through its United States based operations. These fragrance products are sold under trademarks owned by the Company or pursuant to license or other agreements with the owners of brands, which include Abercrombie & Fitch, Anna Sui, Donna Karan, DKNY, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, and Ungaro.
INTER PARFUMS, INC. 
