Interparfums

ITP

Equity

ISIN FR0004024222 / Valor 86977

Euronext - Euronext Paris (2024-09-18)

EUR 41.30-2.71%

Interparfums
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About company

Interparfums, Inc. has been a key player in the global fragrance business since 1982, producing and distributing a wide range of prestige fragrance and fragrance-related products under license agreements with various brand owners. The company operates in two main segments, with European operations managed through its subsidiary, Interparfums SA, and United States operations. With a portfolio of prestigious brands like Boucheron, Coach, Jimmy Choo, and Montblanc, Interparfums distributes its products in over 120 countries worldwide. The company focuses on launching new fragrance families for its brands every few years, along with seasonal and limited-edition fragrances, catering to a loyal customer base in markets where the brands are well-known.

Summarized from source with an LLMView SourceSector: Healthcare

Record Second Quarter Results

Interparfums, Inc. reported record financial results for the second quarter of 2024. The company achieved significant growth in net sales, reflecting strong market demand and successful product launches.

Net Sales Surge

For the second quarter of 2024, Interparfums, Inc. reported net sales of $350 million, marking a substantial increase compared to the same period in the previous year. This growth was driven by robust performance across all major brands.

Increased Earnings

Interparfums, Inc. saw a notable rise in earnings for the second quarter of 2024. The company's earnings per diluted share increased to $1.25, up from $0.95 in the second quarter of 2023, showcasing improved profitability.

Profit Growth

The second quarter of 2024 was highly profitable for Interparfums, Inc., with net income reaching $45 million. This represents a significant year-over-year increase, highlighting the company's effective cost management and revenue growth strategies.

Positive Outlook

Interparfums, Inc. has raised its full-year 2024 guidance following the strong second-quarter performance. The company now expects net sales to exceed $1.5 billion and earnings per diluted share to be in the range of $5.50 to $5.70, reflecting continued confidence in its growth trajectory.

Summarized from source with an LLMView Source

Key figures

-13.3%1Y

-7.63%3Y

41.9%5Y

Performance

33.1%1Y

33.5%3Y

33.0%5Y

Volatility