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home / news releases / IPAR - Inter Parfums posts better-than-expected Q1 sales

IPAR - Inter Parfums posts better-than-expected Q1 sales

Inter Parfums Inc.

2023-04-19 16:41:47 ET

  • Inter Parfums' ( NASDAQ: IPAR ) Q1 net sales rose 24% to $312M from $251M, a year ago and beat consensus of $276.25M.
  • The company raised its 2023 guidance for net sales of $1.25B up from $1.2B and earnings per diluted share of $4.25 up from $4. Analysts estimate 2023 sales of $1.20B.
  • "Net sales for the quarter ended March 31, 2023 were not only a first quarter record but were also the highest for any quarter in our history. Our European operations grew sales by 26% in dollars or 29% in constant currency with our three largest brands generating exceptional growth," the company said.

For further details see:

Inter Parfums posts better-than-expected Q1 sales
Stock Information
Company Name: Inter Parfums Inc.
Stock Symbol: IPAR
Market: NASDAQ
Website: interparfumsinc.com
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