Inter Parfums, Inc. Provides Earnings Guidance for the Year 2024
November 21, 2023 at 04:15 pm EST
Share
Inter Parfums, Inc. provided earnings guidance for the year 2024. The company expects 2024 net sales of $1.45 billion, resulting in earnings per diluted share of $5.15. This represents a 12% increase in net sales and an 8% increase in earnings per diluted share compared to 2023 guidance of $1.3 billion in net sales and $4.75 in earnings per diluted share.
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.