IPAR - Inter Parfums reports Q2 revenue $244.7M consensus $215.78M
- Inter Parfums ( NASDAQ: IPAR ) has announced its Q2 2022 net sales rose to $244.7M, up 18% Y/Y and at comparable foreign currency exchange rates, consolidated net sales increased 24% Y/Y.
- Q2 sales by U.S. operations were outstanding, with substantial comparable quarterly gains by GUESS?, Abercrombie & Fitch, Oscar de la Renta, and MCM, increasing 39%, 40%, 35%, and 56%, respectively.
- Inter Parfums and Repetto decided, by mutual agreement, to terminate the perfume license agreement effective September 28, 2022.
- The Co. increases 2022 guidance to $1B in net sales beating consensus of $979.9M and EPS to $3.25 vs. consensus of $3.00.
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Inter Parfums reports Q2 revenue $244.7M, consensus $215.78M