Inter Parfums Q4 results, 2024 guidance leaves much to be desired [Seeking Alpha]
Inter Parfums, Inc. (IPAR)
Last inter parfums, inc. earnings: 3/2 04:08 pm
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US:NASDAQ Investor Relations:
interparfumsinc.com/ir_press.html
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Source: Seeking Alpha
The company earned a smaller profit of $0.32 per share on a 5.8% increase in sales to $329M. This was a penny below expectations , although sales were roughly in line. While the company had strong holiday sales, the cost of sales increased by 5% while interest expense jumped 318%, driving down net income by 37%. Gross margin widened 30 basis points to 64.7% but the company's operating margin narrowed 170 basis points to 5.7%. By region, sales in North America were up 22%, +21% in Europe, and were up 17% in Asia. Sales in the Middle East increased by 22% and were up 33% in Central and South America. Sales in China remained sluggish. And while the company hopes the country will represent a larger chunk of sales, Inter Parfums' CEO Jean Madar doesn't anticipate a reopening in China in the near future. “We're putting China on the side…there's a total lack of visibility there,” Madar was quoted by The Wall Street Journal. While competitors like Estee Lauder EL ) and L'Oreal expe
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IPAR
News
- 15 Best Patchouli Perfumes That Smell Seriously Luxurious [Yahoo! Finance]Yahoo! Finance
- Inter Parfums (IPAR) Q1 Sales Advance on Brand Strength [Yahoo! Finance]Yahoo! Finance
- The Cities With The Most Billionaires 2024 [Forbes]Forbes
- Inter Parfums, Inc. (NASDAQ: IPAR) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $192.00 price target on the stock.MarketBeat
- Inter Parfums, Inc. (NASDAQ: IPAR) had its price target lowered by analysts at Piper Sandler from $176.00 to $172.00. They now have an "overweight" rating on the stock.MarketBeat
IPAR
Earnings
- 2/27/24 - Miss
IPAR
Sec Filings
- 4/24/24 - Form 8-K
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- IPAR's page on the SEC website