Inter Parfums ( (IPAR) ) has released its Q4 earnings. Here is a breakdown of the information Inter Parfums presented to its investors.
Interparfums, Inc. is a global fragrance company that produces and distributes prestige fragrances and related products under various brand licenses, operating primarily in the European and United States markets.
Interparfums announced record net sales for the fourth quarter and full year of 2024, achieving a 10% increase to $1.45 billion. This growth was driven by strong demand across its brand portfolio, including significant contributions from its U.S.-based operations.
Key financial highlights include a 16% increase in U.S.-based net sales and a 6% rise in European-based sales for the fourth quarter. Notable brand performances were seen with GUESS, which is on track to become a top-three brand, and Lacoste, which exceeded expectations in its first year. Jimmy Choo also saw substantial growth, while Donna Karan/DKNY surpassed $100 million in sales.
The company continues to benefit from a diversified brand portfolio and robust demand for premium products. Despite potential geopolitical and economic challenges, Interparfums is optimistic about maintaining its growth trajectory into 2025, supported by expanding e-commerce channels and a strong pipeline of new product launches.