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Jun 30, 2022
Inter Parfums Q2 2022 Earnings Report
Inter Parfums reported record results.
Key Takeaways
Inter Parfums, Inc. reported record results for the second quarter ended June 30, 2022. Sales in North America, Western Europe, and Asia rose 8%, 40% and 39%, respectively.
The average dollar/euro exchange rate for the current second quarter was 1.06 compared to 1.20 in the second quarter of 2021.
All regions outperformed last year with the understandable exception of Eastern Europe.
Largest brands, Montblanc, Jimmy Choo, Coach and GUESS have performed exceptionally well with sales up 14%, 6%, 17% and 37%, respectively.
Effective July 1, 2022, the Donna Karan and DKNY fragrance business, joins our portfolio.
Inter Parfums
Inter Parfums
Forward Guidance
2022 net sales of approximately $1 billion, resulting in diluted net income per share of $3.25.
Positive Outlook
- Record year-to-date sales
- Orders scheduled for shipment in the second half of the year
- Net sales of approximately $1 billion
- Diluted net income per share of $3.25
- Guidance assumes that the average dollar/euro exchange rate remains at current levels
Challenges Ahead
- Guidance assumes there is no significant resurgence of the COVID-19 pandemic.
- A strong U.S. dollar has a negative impact on our net sales.
- Shipping related issues following a change in the distribution software
- The risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Inter Parfums' annual report on Form 10-K for the fiscal year ended December 31, 2021
- actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors