Reaffirms FY2025 Guidance2025 First Quarter Conference Call Scheduled for May 6, 2025
NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) ("Interparfums" or the "Company") today announced that for the three months ended March 31, 2025, net sales rose to $339 million, up 5% from $324 million in the first quarter of 2024.
| Net Sales ($ in millions) | Three Months Ended March 31, | ||
| 2025 | 2024 | % Change | |
| Total Interparfums, Inc. | $339 | $324 | 5% |
| European based net sales | $248 | $231 | 7% |
| United States based net sales* | $94 | $96 | (1%) |
| Elimination of intercompany sales | ($3) | ($3) | flat |
| *United States based organic net sales increased by 3%, excluding the impact of the discontinued Dunhill license. The average dollar/euro exchange rate for the 2025 first quarter was 1.05 compared to 1.09 in the 2024 first quarter leading to a negative 1% foreign exchange impact. | |||
Reaffirms 2025 GuidanceThe Company reaffirms its previously announced 2025 guidance of net sales of $1.51 billion and earnings per diluted share of $5.35, a 4% increase for both metrics.
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