Inter Parfums Expects 2024 Net Sales Of $1.45B, Resulting In EPS Of $5.15; Expects Established Brands To Produce Approximately 5% Organic Growth
Portfolio Pulse from Benzinga Newsdesk
Inter Parfums forecasts a 12% increase in net sales to $1.45B and an 8% rise in EPS to $5.15 for 2024, compared to 2023 guidance of $1.3B in sales and $4.75 EPS. The growth is expected to be driven by a 5% organic growth in established brands.
November 21, 2023 | 9:17 pm
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Inter Parfums anticipates a 12% increase in 2024 net sales to $1.45B and an 8% increase in EPS to $5.15, signaling strong financial performance and growth.
The positive guidance for 2024 with expected increases in both net sales and EPS indicates a strong outlook for Inter Parfums, which is likely to be well-received by investors and could lead to a short-term increase in the stock price. The anticipated organic growth of established brands further reinforces the company's solid position in the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100