Sees 2025 revenue $1.51B, consensus $1.53B. The company said, “We have a strong lineup of new pillars and extensions coming to market throughout the coming year, but expect a more modest growth rate of 4% in both net sales and earnings per diluted share as compared to our 2024 guidance. As we have done historically, we are taking a conservative approach to our forecasting, while navigating the evolving dynamics of the fragrance market and considering the potential impacts of ongoing geopolitical conflicts in key markets as well as any policy changes stemming from the recent United States election. Come January, Lacoste and Roberto Cavalli fragrance sales will have been in our portfolio for a full year; therefore, our growth next year will be primarily driven by our established brands, and the latest innovation across our prestige portfolio…Our initial 2025 guidance reflects our prudent outlook, considering the various factors currently influencing the fragrance market. We are confident that 2025 is poised to be another record-setting year, and will provide updates early next year as we gain greater visibility, particularly following the performance of the 2024 holiday season and the initial orders for 2025.”
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