Inter Parfums Posts Strong Q4 & Full-Year 2022 Results

Full-year net sales totaled $1.087 billion, a 24% increase from $800 million in the previous year period.
Full-year net sales totaled $1.087 billion, a 24% increase from $800 million in the previous year period.

Inter Parfums has reported Q4 2022 net sales of $311 million, a 47% increase from $211 million in the previous year period. Its full-year 2022 net sales totaled $1.087 billion, a 24% increase from $800 million in the previous year period.

Complete results for Q4 2022 and full-year 2022 will be announced on February 28, 2023.

According to Inter Parfums, it has affirmed its 2023 $1.15 billion net sales guidance.

Jean Madar, chairman and CEO said, “As we reported earlier this month, the fourth quarter of 2022 was exceptionally strong, ushering in the best year in our history. In the final quarter of the year, our four largest brands, Montblanc, Jimmy Choo, Coach and Guess? generated sales gains of 50%, 78%, 82% and 28%, respectively, compared to the same period one year earlier. Many of our other fragrance brands also achieved stellar comparable quarter growth. For our U.S. based operations, Oscar de la Renta and Abercrombie & Fitch grew sales by 28% and 16%, respectively, while for European operations, Moncler, Kate Spade and Boucheron generated comparable quarter gains of 34%, 140% and 25%, respectively. For 2022 as a whole, our European operations grew sales by 26% in euro or 12% in dollars. The year-over-year gains, in both euro and dollars, are all the more impressive considering our new product pipeline was dominated by flankers and extensions. However, we did bring to market several entirely new lines, including our first ever Moncler duo, Kate Spade Sparkle, Singulier by Boucheron and Open Road and Wild Rose by Coach. In addition to continued sales of established lines, the 58% increase in U.S. based sales was also driven by our newer brands, Donna Karan and DKNY, which we took over in August and contributed to 14% of our sales growth. Our like-for-like growth of 47% on the balance of the portfolio reflects the launches of Uomo by Guess and Alibi by Oscar de la Renta, plus numerous extensions across our mid-sized brands, and the continued success of Ferragamo, which entered its second year with us in the fourth quarter.”     

Madar continued, “We believe 2023 is going to be a great year, a productive year and a demanding year. For our European operations, we will be rolling out new pillars for Kate Spade, Coach and Moncler. The return of popular seasonal scents for Jimmy Choo and Lanvin; additions to multi-scent collections for Van Cleef & Arpels and Karl Lagerfeld, plus a host of special programs, extensions and flankers for established fragrance families are also in the 2023 pipeline. For our U.S. operations, we have a duo debuting for the Hollister brand and our first men’s scent for MCM, plus new flankers for the most popular DKNY Be Delicious, Ferragamo, Guess?, Oscar de la Renta, Abercrombie & Fitch and Anna Sui collections. As we have announced, we will also use all this year to prepare the takeover of the Lacoste fragrance business in January 2024, opening new avenues of growth and development thanks to its scale and unique positioning as a fashion sports brand.”     

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