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Mar 31, 2021
Inter Parfums Q1 2021 Earnings Report
Inter Parfums reported first quarter results with net sales increasing 37% compared to 2020 and 11% ahead of 2019, and EPS up 172% from 2020 and 45% from 2019.
Key Takeaways
Inter Parfums, Inc. reported strong first quarter results, with sales exceeding pre-pandemic levels from 2019. Net sales increased by 37% compared to 2020 and 11% compared to 2019. EPS also saw significant growth, up 172% from 2020 and 45% from 2019. The company is actively pursuing new license agreements to further accelerate growth.
Net sales increased 37% compared to the first quarter of 2020 and 11% ahead of the first quarter of 2019.
EPS increased 172% from 2020 and 45% from 2019.
Business was especially strong in North America and Asia, with sales rising 56% and 34%, respectively.
The company affirmed its 2021 guidance, projecting net sales of approximately $700 million and diluted net income per share of $1.65.
Inter Parfums
Inter Parfums
Inter Parfums Revenue by Geographic Location
Revenue by Geographic Location
United States based net sales Revenue
CapyFin.com Forward Guidance
The company affirmed its 2021 guidance, expecting net sales of approximately $700 million and diluted net income per share of $1.65, assuming current average dollar/euro exchange rates and no significant resurgence of the COVID-19 pandemic.
Positive Outlook
- Net sales of approximately $700 million
- Diluted net income per share of $1.65
- Assumes that the average dollar/euro average exchange rate remains at current levels
- Assumes that there is no significant resurgence of the COVID-19 pandemic
- Strong first quarter performance
Challenges Ahead
- Guidance is subject to the average dollar/euro average exchange rate remaining at current levels
- Guidance is subject to no significant resurgence of the COVID-19 pandemic
- Uncertainty related to the ongoing COVID-19 pandemic
- Potential delays in product launches
- Dependence on key licenses