Interparfums Inc is a prominent global manufacturer and distributor of fragrances and related products
The company specializes in creating and marketing a diverse range of luxury perfumes, often in partnership with well-known fashion brands and designers. Interparfums focuses on innovation and high-quality production, offering both men’s and women’s fragrances that cater to various consumer preferences. With a strong emphasis on brand identity and market trends, the company continues to expand its portfolio, making a significant impact in the fragrance industry worldwide.
Fragrance and perfume company Inter Parfums (NASDAQIPAR) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 10% year on year to $361.5 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.51 billion at the midpoint. Its GAAP profit of $0.75 per share was 5.7% below analysts’ consensus estimates.
Fragrance and perfume company Inter Parfums (NASDAQIPAR)
will be announcing earnings results tomorrow after market close. Here’s what you need to know.
Over the past six months, Inter Parfums has been a great trade, beating the S&P 500 by 6.3%. Its stock price has climbed to $128.70, representing a healthy 12.6% increase. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Regarded as defensive investments, consumer staples stocks are generally safe bets in choppy markets. On the other hand, they usually underperform during bull runs,
but the sector has bucked this trend lately as its six-month return of 6.9% has closely followed the S&P 500.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Inter Parfums (NASDAQIPAR) and the rest of the personal care stocks fared in Q3.
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Fragrance and perfume company Inter Parfums (NASDAQIPAR) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 15.4% year on year to $424.6 million. The company expects the full year’s revenue to be around $1.45 billion, close to analysts’ estimates. Its GAAP profit of $1.93 per share was also 4% above analysts’ consensus estimates.