Loading...
•
Sep 30, 2020
Inter Parfums Q3 2020 Earnings Report
Inter Parfums reported a significant sales rally across all markets in Q3 2020, with North America, Western Europe, and Asia achieving significant gains, leading to increased net sales and a return to profitability.
Key Takeaways
Inter Parfums Inc. reported Q3 2020 results with a significant sales increase compared to the previous quarter, driven by gains in North America, Western Europe, and Asia. Net income was $23.5 million, and EPS was $0.74. The company raised its 2020 net sales guidance to between $495 million and $500 million, resulting in net income per diluted share in the range of $0.80 and $0.84.
Net sales increased significantly compared to the preceding quarter, with strong performance in North America, Western Europe, and Asia.
Gross margin rose by 630 basis points compared to the previous quarter.
Operating margin returned to a more normalized level of 19.5%.
The company achieved a solid profit in the third quarter.
Forward Guidance
The company raised its 2020 net sales guidance to between $495 million and $500 million, resulting in net income attributable to Inter Parfums, Inc. per diluted share in the range of $0.80 and $0.84. Guidance assumes that the average dollar/euro exchange rate remains at current levels.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...