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Dec 31, 2019
Inter Parfums Q4 2019 Earnings Report
Inter Parfums reported an increase in net sales and diluted EPS.
Key Takeaways
Inter Parfums, Inc. reported a 5.6% increase in net sales and an 11.1% increase in diluted EPS for the fourth quarter of 2019. Net income attributable to Inter Parfums, Inc. increased by 12.0%.
Net sales increased by 5.6% to $713.5 million.
Net income attributable to Inter Parfums, Inc. increased 12.0% to $60.2 million.
Net income per diluted share rose 11.1% to $1.90.
North America sales increased by 11.4%.
Inter Parfums
Inter Parfums
Forward Guidance
The company expects 2020 net sales and net income attributable to Inter Parfums, Inc. to be in line with 2019 results if the impact of the coronavirus is limited to the first few months of the year.
Positive Outlook
- Fundamentals of the business remain strong.
- Geographic rollouts of products debuted at the end of last year continued during the first quarter.
- 2020 launch program has begun.
- New women’s scent for Montblanc coming to market later this spring.
- First fragrance collection under the Graff label debuts in Harrod’s for a six-month exclusive starting in the spring.
Challenges Ahead
- Business is being impacted by the coronavirus.
- Significant decline in air travel and consumer traffic in key shopping and tourist areas.
- Delay of certain launches to later in the year.
- Many unknowns as to the duration and severity of the coronavirus situation.
- Business challenges change daily, as the track of the virus is unknown, making it very difficult to precisely estimate the impact.