Interparfums (FR:ITP) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Interparfums reports a robust second quarter in 2024 with sales up by 16%, achieving €210m and reinforcing its positive outlook with H1 consolidated sales rising to €422.6m. The success is attributed to the strong performance of Montblanc and Coach fragrances, exceptional growth of Jimmy Choo fragrances, and the successful relaunch of Lacoste. Despite challenges in the beauty market, the company is poised to meet its full-year targets, with the Lacoste takeover surpassing expectations and high gross margins maintained through strategic pricing and cost containment.
For further insights into FR:ITP stock, check out TipRanks’ Stock Analysis page.
