Inter Parfums Raises 2023 Sales Guidance To $1.3B Up From $1.25B Est
Portfolio Pulse from Happy Mohamed
Inter Parfums has increased its 2023 sales guidance to $1.3 billion, up from the previous estimate of $1.25 billion. The company attributes this to a healthy fragrance market and strong consumer demand. The new guidance does not include sales from recently acquired fragrance licenses, Roberto Cavalli and Lacoste. The company will revise its guidance for net income per diluted share when it releases its full second quarter results on August 8, 2023.
July 24, 2023 | 8:30 pm
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POSITIVE IMPACT
Inter Parfums' raised sales guidance for 2023 could potentially boost investor confidence and positively impact the company's stock price in the short term.
The raised sales guidance indicates that Inter Parfums is performing well and expects continued growth. This positive outlook could attract more investors, potentially driving up the stock price. The new guidance does not include sales from recently acquired fragrance licenses, suggesting further potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100