Interparfums, Inc. Reports Q3 Net Sales Of $425M Vs $368M YoY; Reaffirms Its Previously Announced 2024 Guidance Of Net Sales Of $1.45B, Resulting In Earnings Per Diluted Share Of $5.15
Portfolio Pulse from Benzinga Newsdesk
Interparfums, Inc. reported record Q3 net sales of $425 million, a 15% increase from the previous year, and reaffirmed its 2024 guidance of $1.45 billion in net sales. The growth was driven by strong performance in both European and US markets, with notable contributions from brands like Jimmy Choo, Montblanc, and GUESS. The company plans to announce its 2025 guidance on November 12, 2024.
October 21, 2024 | 8:19 pm
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Interparfums, Inc. achieved record Q3 sales of $425M, a 15% increase YoY, driven by strong brand performance and new product launches. The company reaffirmed its 2024 guidance, indicating confidence in continued growth.
The record sales performance and reaffirmation of guidance suggest strong operational execution and market demand, likely boosting investor confidence and positively impacting the stock price in the short term.
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