Interparfums Reports $345M Q1 Sales, 2% Growth and $1.35 EPS

IPARIPAR

Interparfums posted Q1 net sales of $345 million, a 2% increase, with diluted EPS of $1.35 and gross margin expanding 140 basis points to 65.1%. The company reaffirmed full-year guidance and declared a quarterly dividend payable June 30, 2026.

1. Q1 Financial Results

Interparfums generated net sales of $345 million in the first quarter, up 2% from $339 million a year ago, with gross margin expanding 140 basis points to 65.1%. Operating income was $74 million with a 21.5% margin, net income reached $43 million, and diluted EPS rose 2% to $1.35. Foreign exchange added a 4.6% tailwind to sales.

2. Regional Operations

Sales from European operations totaled $252 million and U.S. operations $96 million, each reflecting a 2% year-over-year increase with respective foreign exchange benefits of 5.5% and 2.5%. North American sales grew 7%, Central and South America surged 23%, while Western Europe was flat. Sales declined in Eastern Europe, Middle East & Africa and in Asia/Pacific markets due to regional volatility and prior distribution changes.

3. Brand Performance and Product Innovation

Top brand results included Coach up 30%, Roberto Cavalli up 32%, Montblanc up 14% and GUESS up 11%, while Jimmy Choo sales dipped 4% overall. Lacoste and Donna Karan/DKNY net sales declined 12% and 3% respectively, though Be Delicious Core rebounded 16%. The company launched new extensions across key franchises including Coach Cherry and Platinum, Montblanc Legend Elixir and Roberto Cavalli Uomo Verde Assoluto.

4. Dividend, Guidance and ESG

Interparfums reaffirmed its full-year 2026 guidance and declared a quarterly cash dividend payable on June 30, 2026. The company secured its third consecutive MSCI ESG rating upgrade to BBB, driven by enhanced environmental and social risk management. Management highlighted continued investment in brand development and upcoming blockbuster launches planned for 2027.

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