Inter Parfums, Inc. Reaffirms Earnings Guidance for the Fourth Quarter 2022 and Full Year of 2023
January 23, 2023 at 04:05 pm
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Inter Parfums, Inc. reaffirmed earnings guidance for the fourth quarter 2022 and full year of 2023. As announced earlier this month, The company plans to issue results for the 2022 fourth quarter and full year on February 28, 2023 and look for 2022 earnings per diluted share to approximate $3.60.
Despite ongoing supply chain disruptions and geopolitical turmoil, the fragrance market continues to display strong growth momentum. Therefore, the company believes that 2023 $1.15 billion net sales guidance is achievable as is guidance for earnings per diluted share of $3.75.
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. 
