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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 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:
Net sales were $160.6 million, down 16.0% from $191.2 million; at comparable foreign currency exchange rates, net sales declined 18.3%;
Net sales by European based operations declined 9.6% to $129.7 million from $143.6 million;
Net sales by U.S. based operations dropped 35.1% to $30.9 million from $47.6 million;
Gross margin rose to 60.5% compared to 59.8%
S,G&A expenses as a percentage of net sales were 41.0% compared to 40.7%;
Operating income declined 14.4% to $31.4 million from $36.6 million;
Operating margin was 19.5% compared to 19.2%;
The effective income tax rate was 28.8% compared to 27.4%;
Net income attributable to Inter Parfums, Inc. declined 20.7% to $16.5 million from $20.8 million; and,
Net income attributable to Inter Parfums, Inc. per diluted share declined 21.2% to $0.52 from $0.66.
DUNHILL FRAGRANCE LICENSE TO EXPIRE
New York, New York, April 14, 2022: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its Dunhill fragrance license will expire on September 30, 2023 and will not be renewed.
Definitive proxy statement (DEF 14A)
G-III APPAREL GROUP AND INTER PARFUMS, INC. SIGN GLOBAL FRAGRANCE LICENSE FOR DONNA KARAN AND DKNY
New York, New York, September 30, 2021: G-III Apparel Group, Ltd. (NASDAQ GS: GIII) and Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that they have entered into a long-term global licensing agreement for the creation, development and distribution of fragrances and fragrance-related products under the iconic Donna Karan and DKNY brands. Inter Parfums, Inc. will take on the exclusive license, effective July 1, 2022.
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. 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. 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. ANNOUNCES INITIAL 2022 GUIDANCE WITH SALES IN THE $925 MILLION AND $950 MILLION RANGE AND EPS BETWEEN $2.80 AND $2.85
New York, New York, November 15, 2021: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it expects 2022 net sales to be in the range of $925 and $950 million, resulting in net income per diluted share of between $2.80 and $2.85. Based upon the midrange of 2022 guidance, this represents a 16% increase in net sales and a 20% increase in diluted earnings per share compared to 2021 guidance of $810 million in net sales and $2.35 in net income per diluted share. Guidance assumes that the average dollar/euro average exchange rate remains at current levels and there is no significant resurgence of the COVID-19 pandemic.
INTER PARFUMS, INC. ANNOUNCES INITIAL 2023 GUIDANCE
New York, New York, November 21, 2022: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it expects 2023 net sales of $1.11 billion, resulting in earnings per diluted share of $3.70. This represents an 8% increase in net sales and a 9% increase in earnings per diluted share compared to 2022 guidance of $1.025 billion in net sales and $3.40 in earnings per diluted share. Guidance assumes that the average dollar/euro exchange rate remains at current levels and there is no significant resurgence of the COVID-19 pandemic
INTER PARFUMS, INC. ANNOUNCES INITIAL 2024 GUIDANCE
Net Sales of $1.45 Billion and Earnings Per Diluted Share of $5.15
NEW YORK – November 21, 2023: Inter Parfums, Inc. (NASDAQ GS: IPAR) (“Inter Parfums” or the “Company”) today announced that it 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. Guidance for 2023 and 2024 assumes that the average dollar/euro exchange rate remains at current levels.
INTER PARFUMS, INC. ANNOUNCES RETIREMENT OF RUSSELL GREENBERG TO BE SUCCEEDED BY MICHEL ATWOOD AS CHIEF FINANCIAL OFFICER
New York, New York, June 1, 2022: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that Russell Greenberg, Executive Vice President and Chief Financial Officer, will retire on September 6, 2022, and will be succeeded by Michel Atwood, a seasoned fragrance and finance executive, as Chief Financial Officer. Mr. Greenberg will stay with the company full time until September 30, 2022 to assist with the transition