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home / news releases / IPAR - Inter Parfums sets guidance below expectations

IPAR - Inter Parfums sets guidance below expectations

Inter Parfums Inc.
Inter Parfums (IPAR) announced that it expects 2021 sales to be in the range of $610M and $625M vs. $670M consensus and EPS of between $1.20 and $1.25 vs. $1.60 consensus.The company notes that based upon the midpoint of both 2020 and 2021 guidance, the above marks represent a 24.1% increase in net sales and a 49.1% increase in diluted earnings per share compared to 2020. CEO outlook: "After a near suspension of new product introductions in 2020, we are jumpstarting our 2021 launch schedule with our Kate Spade signature scent, which previewed on Ulta's online platform in mid-November, followed by Macys.com and katespade.com in mid-December."Source: Press Release

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Inter Parfums sets guidance below expectations
Stock Information
Company Name: Inter Parfums Inc.
Stock Symbol: IPAR
Market: NASDAQ
Website: interparfumsinc.com
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