Inter ParfumsNASDAQ: IPAR

Achieves Best Quarterly Sales Performance in Company History; Reaffirms FY2024 Guidance 2024 Third Quarter Conference Call Scheduled for November 7, 2024

Inter Parfums is capitalizing on favorable market conditions with new fragrance licenses, strategic product launches and effective marketing investments.

IPAR is leveraging positive fragrance market trends and strong new licenses amid an elevated cost environment.

IPAR is capitalizing on positive market trends in the fragrance industry, with strong sales from new licenses and established brands.

IPAR has been reporting record sales through the first half of FY24, despite having a relatively high start in FY23. Over the last few years, IPAR has effectively raised prices to mitigate inflationary pressures, benefiting from the overall strength of the prestige beauty market and the "Lipstick Effect". The firm has experienced strong growth by expanding its prestige brand portfolio through strategic partnerships and licensing agreements, with brands like Roberto Cavalli and Lacoste outperforming expectations this quarter.

Explore how Inter Parfums' (IPAR) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

Inter Parfums' (IPAR) second-quarter 2024 results reflect higher sales and earnings on continued momentum in the fragrance market and strength in its legacy and new brands.

Although the revenue and EPS for Inter Parfums (IPAR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Inter Parfums (IPAR) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.09 per share a year ago.