Investor Relastions banner

press releases

 

INTERPARFUMS SA COMPLETES THE ACQUISITION OF ITS FUTURE HEADQUARTERS IN PARIS

New York, New York, April 12, 2021: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its majority owned Paris-based subsidiary, Interparfums SA, has completed the acquisition of its future headquarters at 10 rue de Solférino in the 7th arrondissement of Paris from the property developer, Apsys. This is an office complex combining three buildings connected by two inner courtyards, a large part of which was the French Socialist Party’s former headquarters, which consists of approximately 40,000 total sq. ft.

 

INTER PARFUMS, INC. REPORTS 2020 FOURTH QUARTER AND YEAR END RESULTS INCREASES 2021 GUIDANCE AND REINSTATES QUARTERLY CASH DIVIDEND

New York, New York, March 1, 2021: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and year ended December 31, 2020. Of note, the average dollar/euro exchange rate for the 2020 fourth quarter was 1.19 compared to 1.11 in the fourth quarter of 2019. For the full years ended December 31, 2020 and 2019, the average dollar/euro exchange rates were 1.15 and 1.12, respectively.

Fourth Quarter 2020 Compared to Fourth Quarter 2019:

 

INTER PARFUMS, INC. SCHEDULES RELEASE OF ITS 2020 FOURTH QUARTER AND FULL YEAR RESULTS ON MONDAY, MARCH 1ST AND CONFERENCE CALL ON TUESDAY, MARCH 2ND

New York, New York – February 18, 2021: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the fourth quarter and full year ended December 31, 2020 on Monday, March 1, 2021 after the close of the stock market.

 

INTER PARFUMS, INC. REPORTS UPSIDE SURPRISE IN 2020 FOURTH QUARTER AND FULL YEAR SALES Comparable Fourth Quarter Sales up 3.5% and 2020 EPS Guidance Increased

New York, New York, January 25, 2021: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended December 31, 2020, net sales were $184.0 million or 3.5% ahead of $177.8 million in the final quarter of 2019. At comparable foreign currency exchange rates, consolidated fourth quarter net sales were practically unchanged from those of 2019. For the full year, net sales declined 24.5% to $539.0 million from 2019’s record sales of $713.5 million. At comparable foreign currency exchange rates, consolidated 2020 net sales declined 25.6%. Of note, the average dollar/euro exchange rate for the 2020 fourth quarter was 1.19 compared to 1.11 in the fourth quarter of 2019. For the full years ended December 31, 2020 and 2019, the average dollar/euro exchange rates were 1.15 and 1.12, respectively. Inter Parfums plans to issue results for the 2020 fourth quarter and full year on or about, Monday, March 1, 2021.

 

INTERPARFUMS SA SIGNS A PURCHASE CONTRACT TO ACQUIRE ITS FUTURE HEADQUARTERS IN PARIS

New York, New York, January 11, 2021: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its majority owned Paris-based subsidiary, Interparfums SA, has signed a purchase contract, subject to certain conditions, to acquire an office building complex for its exclusive use as its future headquarters, located in the heart of Paris.

 

INTER PARFUMS, INC. ANNOUNCES INITIAL 2021 GUIDANCE

New York, New York, December 1, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it expects 2021 net sales to be in the range of $610 million and $625 million, resulting in net income attributable to Inter Parfums, Inc. per diluted share of between $1.20 and $1.25. Based upon the midpoint of both 2020 and 2021 guidance, this represents a 24.1% increase in net sales and a 49.1% increase in diluted earnings per share compared to 2020. Guidance assumes that the average dollar/euro exchange rate remains at current levels.

 

INTER PARFUMS, INC. REPORTS 2020 THIRD QUARTER RESULTS

New York, New York, November 9, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the third quarter ended September 30, 2020. Of note, the average dollar/euro exchange rate for the 2020 third quarter is 1.17 as compared to 1.11 in the third quarter of 2019, and 1.13 and 1.12 for the nine months ended September 30, 2020 and 2019, respectively.

Third Quarter 2020 Compared to Third Quarter 2019:

 

INTER PARFUMS, INC. SCHEDULES 2020 THIRD QUARTER RELEASE FOR MONDAY, NOVEMBER 9TH AND CONFERENCE CALL FOR TUESDAY, NOVEMBER 10TH

New York, New York – November 2, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the third quarter ended September 30, 2020 on Monday, November 9, 2020 after the close of the stock market.

 

INTER PARFUMS, INC. REPORTS 2020 THIRD QUARTER NET SALES REVISES 2020 GUIDANCE UPWARD

New York, New York, October 27, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended September 30, 2020, net sales declined 16.0% to $160.6 million as compared to $191.2 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated third quarter net sales declined 18.3%. Of note, the average dollar/euro exchange rate for the 2020 third quarter is 1.17 as compared to 1.11 in the third quarter of 2019, and 1.13 and 1.12 for the nine months ended September 30, 2020 and 2019, respectively. Inter Parfums plans to issue results for the 2020 third quarter on or about November 9, 2020 and initial guidance for 2021 on Tuesday, December 1, 2020 after the close of the stock market.

 

INTER PARFUMS, INC. ANNOUNCES 2020 GUIDANCE

New York, New York, September 9, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it expects 2020 net sales to approximate $442 million, resulting in net income attributable to Inter Parfums, Inc. per diluted share of $0.46. Guidance assumes that the average dollar/euro exchange rate remains at current levels.

 

INTER PARFUMS, INC. REPORTS 2020 SECOND QUARTER RESULTS

New York, New York, August 10, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter ended June 30, 2020. The average dollar/euro exchange rate for the current second quarter was 1.10 compared to 1.12 in the second quarter of 2019.

Second Quarter 2020 Compared to Second Quarter 2019:

 

INTER PARFUMS, INC. SCHEDULES 2020 SECOND QUARTER RELEASE FOR MONDAY, AUGUST 10TH AND CONFERENCE CALL FOR TUESDAY, AUGUST 11TH

New York, New York – July 30, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the second quarter ended June 30, 2020 on Monday, August 10, 2020 after the close of the stock market.

 

INTER PARFUMS, INC. REPORTS 2020 SECOND QUARTER NET SALES

New York, New York, July 22, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended June 30, 2020, net sales declined 70.2% to $49.5 million from $166.2 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated second quarter net sales declined 69.8%. Of note, the average dollar/euro exchange rate for the current second quarter is 1.10 compared to 1.12 compared in the second quarter of 2019. Inter Parfums plans to issue results for the 2020 second quarter on or about August 10, 2020.

 

INTER PARFUMS, INC. SUBSIDIARY TO ACQUIRE 25% STAKE IN WWW.ORIGINES-PARFUMS.FR

New York, New York, July 1, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its majority owned subsidiary, Interparfums SA (“IPSA”) and Divabox, owner of the Origines-parfums e-commerce platform for beauty products, signed a strategic agreement and equity investment under which IPSA will acquire 25% of Divabox’s capital through a reserved capital increase.

 

MONCLER AND INTERPARFUMS SA SIGN A LICENSE AGREEMENT FOR FRAGRANCES

New York, New York – June 11, 2020: Interparfums SA, the majority owned Paris-based subsidiary of Inter Parfums, Inc. (NASDAQ GS: IPAR) issued the following news release today.

 

INTER PARFUMS, INC. REPORTS 2020 FIRST QUARTER RESULTS PROVIDES COVID-19 BUSINESS UPDATE

New York, New York, May 11, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2020. The average dollar/euro ratio for the current first quarter was 1.10 compared to 1.14 in the first quarter of 2019.

First Quarter 2020 Compared to First Quarter 2019:

 

INTER PARFUMS, INC. SCHEDULES 2020 FIRST QUARTER RELEASE FOR MONDAY, MAY 11TH AND CONFERENCE CALL FOR TUESDAY, MAY 12TH

New York, New York – April 30, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the first quarter ended March 31, 2020 on Monday, May 11, 2020 after the close of the stock market.

 

INTER PARFUMS, INC. REPORTS 2020 FIRST QUARTER SALES

New York, New York, April 22, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported that for the three months ended March 31, 2020, net sales declined 18.7% to $144.8 million from $178.2 million in the first quarter of 2019. At comparable foreign currency exchange rates, consolidated first quarter net sales declined 17.8%. The average dollar/euro exchange rate for the current and prior year’s first quarter was 1.10 and 1.14, respectively. Inter Parfums plans to issue results for the 2020 first quarter on or about May 11, 2020.

 

INTER PARFUMS, INC. PROVIDES BUSINESS UPDATE IN CONNECTION WITH CORONAVIRUS PANDEMIC

New York, New York, March 23, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today provided a business update in connection with the evolving global health and business situation resulting from the COVID-19 pandemic.

 

INTER PARFUMS, INC. REPORTS 2019 FOURTH QUARTER AND YEAR END RESULTS

New York, New York, March 2, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and year ended December 31, 2019.  Of note, the average dollar/euro exchange rate for the 2019 fourth quarter was 1.11 compared to 1.14 in the fourth quarter of 2018.  For the full years ended December 31, 2019 and 2018, the average dollar/euro exchange rates were 1.12 and 1.18, respectively. 

Fourth Quarter 2019 Compared to Fourth Quarter 2018:

ˇ  
Net sales were $177.8 million, up 0.3% from $177.2 million; at comparable foreign currency exchange rates, net sales increased 1.5%;
ˇ  
Net sales by European based operations decreased 4.2% to $129.1 million from $134.8 million;
ˇ  
Net sales by U.S. based operations were $48.7 million, up 14.7% compared to $42.4 million;
ˇ  
Gross margin was 64.5% compared to 66.1%;
ˇ  
S,G&A expenses as a percentage of net sales were 57.6% compared to 60.1%;
ˇ  
Operating income rose 16.5% to $12.3 million as compared to $10.6 million;
ˇ  
Operating margin was 6.9% compared to 6.0%;
ˇ  
Net income attributable to Inter Parfums, Inc. increased 1.8% to $8.2 million compared to $8.0 million; and,
ˇ  
Net income attributable to Inter Parfums, Inc. per diluted share was $0.26 for both periods.

 

INTER PARFUMS, INC. SCHEDULES RELEASE OF ITS 2019 FOURTH QUARTER AND FULL YEAR RESULTS ON MONDAY, MARCH 2ND AND CONFERENCE CALL ON TUESDAY, MARCH 3RD

New York, New York – February 24, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the fourth quarter and full year ended December 31, 2019 on Monday, March 2, 2020 after the close of the stock market.

 

INTER PARFUMS, INC. REPORTS 2019 FOURTH QUARTER AND FULL YEAR SALES

New York, New York, January 27, 2020: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended December 31, 2019, net sales were $177.8 million, up 0.3% from $177.2 million in the final quarter of 2018. At comparable foreign currency exchange rates, consolidated fourth quarter net sales increased 1.5%. For the full year, net sales rose 5.6% to a record $713.5 million from $675.6 million in 2018. At comparable foreign currency exchange rates, consolidated 2019 net sales increased 7.8%. Of note, the average dollar/euro exchange rate for the 2019 fourth quarter is 1.11 compared to 1.14 in the fourth quarter of 2018. For the full years ended December 31, 2019 and 2018 the average dollar/euro exchange rates were 1.12 and 1.18, respectively. Inter Parfums plans to issue results for the 2019 fourth quarter and full year on or about Monday, March 2, 2020.

 

INTER PARFUMS, INC. PROVIDES INITIAL 2020 GUIDANCE

New York, New York, November 20, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced initial 2020 guidance, which calls for record net sales of approximately $742 million, resulting in net income of approximately $2.00 per diluted share. Guidance assumes that the average dollar/euro average exchange rate remains at current levels.

 

INTER PARFUMS, INC. AND MCM SIGN AN EXCLUSIVE FRAGRANCE LICENSE AGREEMENT THROUGH 2030

New York, New York, November 19, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it has entered into an exclusive, 10-year worldwide license agreement with German luxury fashion house MCM for the creation, development and distribution of fragrances under the MCM brand.

 

INTER PARFUMS, INC. REPORTS 2019 THIRD QUARTER RESULTS Third Quarter Net Sales up 7.9% and Diluted EPS up 10.0% Raises 2019 Full Year Diluted EPS Guidance to $1.90 and Increases Dividend 20%

New York, New York, November 5, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the third quarter ended September 30, 2019. Of note, the average dollar/euro exchange rate for the 2019 third quarter is 1.11 compared to 1.16 in the third quarter of 2018, and 1.12 and 1.19 for the nine months ended September 30, 2019 and 2018, respectively

Third Quarter 2019 Compared to Third Quarter 2018:

 

INTER PARFUMS, INC. SCHEDULES 2019 THIRD QUARTER RELEASE FOR TUESDAY, NOVEMBER 5TH AND CONFERENCE CALL FOR WEDNESDAY, NOVEMBER 6TH

New York, New York – October 30, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the third quarter ended September 30, 2019 on Tuesday, November 5, 2019 after the close of the stock market

 

INTER PARFUMS, INC. REPORTS 7.9% INCREASE IN 2019 THIRD QUARTER NET SALES Affirms 2019 Guidance and Schedules November 20, 2019 for Release of Initial 2020 Guidance

New York, New York, October 28, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended September 30, 2019, net sales increased 7.9% to $191.2 million as compared to $177.2 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated third quarter net sales increased 9.7%. Of note, the average dollar/euro exchange rate for the 2019 third quarter is 1.11 compared to 1.16 in the third quarter of 2018, and 1.12 and 1.19 for the nine months ended September 30, 2019 and 2018, respectively. Inter Parfums plans to issue results for the 2019 third quarter on or about November 5, 2019 and initial guidance for 2020 on Wednesday, November 20, 2019 after the close of the stock market.

 

INTER PARFUMS, INC. AND OSCAR DE LA RENTA EXTEND LICENSE AGREEMENT THROUGH 2031. Long-Term Agreement Reflects Success of Partnership Over Past Several Years

New York, New York, September 9, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) and Oscar de la Renta LLC today announced that they have entered into an amended license agreement extending their partnership through December 31, 2031, with an additional five-year extension option through December 31, 2036. The original license agreement, signed in October 2013, would have expired on December 31, 2025.

 

INTER PARFUMS, INC. REPORTS 2019 SECOND QUARTER RESULTS Net Sales up 11.3%, Operating Income up 19.7%

New York, New York, August 5, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the second quarter ended June 30, 2019. The average dollar/euro exchange rate for the current second quarter was 1.12 compared to 1.19 in the second quarter of 2018.

 

Second Quarter 2019 Compared to Second Quarter 2018:

 

INTER PARFUMS, INC. SCHEDULES 2019 SECOND QUARTER RELEASE FOR MONDAY, AUGUST 5TH AND CONFERENCE CALL FOR TUESDAY, AUGUST 6TH

New York, New York – July 26, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the second quarter ended June 30, 2019 on Monday, August 5, 2019 after the close of the stock market.

 

INTER PARFUMS, INC. REPORTS 11.3% INCREASE IN 2019 SECOND QUARTER NET SALES Affirms 2019 Guidance

New York, New York, July 23, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended June 30, 2019, net sales increased 11.3% to $166.2 million as compared to $149.4 million for the corresponding period of the prior year. At comparable foreign currency exchange rates, consolidated second quarter net sales increased 13.7%. Of note, the average dollar/euro exchange rate for the current second quarter is 1.12 compared to 1.19 in the second quarter of 2018. Inter Parfums plans to issue results for the 2019 second quarter on or about August 5, 2019.

 

KATE SPADE NEW YORK AND INTER PARFUMS SIGN GLOBAL LICENSE AGREEMENT FOR KATE SPADE FRAGRANCE

New York, New York – June 7, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its majority owned Paris-based subsidiary, Interparfums SA, has entered into an 11-year exclusive worldwide fragrance license agreement with Kate Spade New York.

 

INTER PARFUMS, INC. REPORTS 2019 FIRST QUARTER RESULTS

New York, New York, May 6, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the first quarter ended March 31, 2019.  The average dollar/euro ratio for the current first quarter was 1.14 compared to 1.23 in the first quarter of 2018.

First Quarter 2019 Compared to First Quarter 2018:

ˇ      Net sales were $178.2 million, up 3.8% from $171.8 million; at comparable foreign currency exchange rates, net sales increased 7.4%;

ˇ      Sales by European based operations declined 3.8% to $143.7 million from $149.5 million;

ˇ      Sales by U.S. based operations rose 54.8% to $34.5 million from $22.3 million;

ˇ      Gross margin was 61.6% of net sales compared to 61.5% of net sales;

ˇ      S,G&A expense as a percentage of net sales was 42.9% compared to 43.8%;

ˇ      Operating income increased 9.5% to $33.3 million from $30.4 million;

ˇ      Operating margin was 18.7% compared to 17.7%;

ˇ      The effective income tax rate was 27.4% compared to 30.5%;

ˇ      Net income attributable to Inter Parfums, Inc. increased to $18.9 million, up 18.8% from $15.9; and,

ˇ      Net income attributable to Inter Parfums, Inc. per diluted share rose 17.6% to $0.60 from $0.51.

 

INTER PARFUMS, INC. SCHEDULES 2019 FIRST QUARTER RELEASE FOR MONDAY, MAY 6TH AND CONFERENCE CALL FOR TUESDAY, MAY 7TH

New York, New York – April 26, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the first quarter ended March 31, 2019 on Monday, May 6, 2019 after the close of the stock market

INTER PARFUMS, INC. REPORTS 3.8% INCREASE IN 2019 FIRST QUARTER SALES And Raises 2019 Earnings Guidance

New York, New York, April 24, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported that for the three months ended March 31, 2019, net sales increased 3.8% to $178.2 million from $171.8 million in the first quarter of 2018. At comparable foreign currency exchange rates, first quarter sales increased 7.4%. The average dollar/euro exchange rate for the current first quarter was 1.14, compared to 1.23 in the first quarter of 2018. Inter Parfums plans to issue results for the 2019 first quarter on or about May 6, 2019

 

INTER PARFUMS, INC. REPORTS 2018 FOURTH QUARTER AND YEAR END RESULTS 2018 Net Sales and Diluted EPS Increase by 14.3% and 28.6%, Respectively Increases 2019 Sales & Earnings Guidance

New York, New York, March 4, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and year ended December 31, 2018.

 

Fourth Quarter 2018 Compared to Fourth Quarter 2017:

 

 

 

INTER PARFUMS, INC. SCHEDULES 2018 FOURTH QUARTER NEWS RELEASE AND CONFERENCE CALL FOR MONDAY, MARCH 4TH

New York, New York – February 21, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it will issue financial results for the fourth quarter and year ended December 31, 2018 on Monday, March 4, 2019 before the financial markets open.

 

INTER PARFUMS, INC. REPORTS BETTER THAN EXPECTED 2018 FOURTH QUARTER AND FULL YEAR SALES

New York, New York, January 28, 2019: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that for the three months ended December 31, 2018, net sales were $177.2 million, up 18.5% from the final quarter of 2017.