IPAR - 3 Reasons Inter Parfums May Come Up Smelling Like Roses in 2021
Scent and cosmetics maker Inter Parfums (NASDAQ: IPAR) reported its first-quarter results on May 10. At first glance, it may have appeared the latest report disappointed investors as shares declined immediately following its release, but in fact, broad swathes of the market are reeling as multiple government policies and economic trends converge to drive both inflation and inflationary fears.
Inter Parfums actually looks energized and ready to punch above its weight, and there are several reasons investors interested in consumer-discretionary stocks should take a bullish view of its prospects. Here are three key factors working in the company's favor.
Topping the catastrophic results of early 2020 when COVID-19 was spreading rapidly and lockdowns started to disrupt the economy isn't necessarily a strong argument for a bull case. However, the company's first quarter grew from the same period in 2019 as well, showing a multi-year positive trend.
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3 Reasons Inter Parfums May Come Up Smelling Like Roses in 2021