IPAR - Inter Parfums Q3 revenue up 7% Y/Y

• Inter Parfums' ( NASDAQ: IPAR ) Q3 revenue rose 7% Y/Y to $280M from $263M.
• For the nine months ended Sep. 30, revenue came in at $776M, up from the year-ago $669M.
• "Our newer brands, Ferragamo, Donna Karan and DKNY, accounted for 41% of the gains while organic growth from established brands, including GUESS?, Oscar de la Renta, Hollister and Abercrombie & Fitch ( ANF ) made up much of the balance," CEO Jean Madar said.
• "Guidance assumes that the average dollar/euro exchange rate remains at current levels, and there is no significant resurgence of the COVID-19 pandemic," CFO Michel Atwood said.
• The company is set to issue its Q3 results on or about Nov. 9, and the initial 2023 guidance on Nov. 21.
• Source: Press Release

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