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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.
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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