Inter Parfums, Inc. has announced that in raising its 2021 guidance, looking for net sales to come in at a record $840 million, resulting in a net income of $2.45 per diluted share. The previous guidance looked for net sales of $810 million, leading to a net income of $2.35 per diluted share.
Related: Inter Parfums, Inc. Announces 2022 Guidance
Inter Parfums attributed this increase, its fourth since it announced initial guidance on December 1, 2020, to its European operations, where despite continuing supply chain disruptions, the pace of deliveries has remained high in recent weeks, driven by sustained customer demand.
Jean Madar, chairman and CEO of Inter Parfums, Inc. commented, “While our growth has been stronger than expected during the last few months of this year, in light of the current lack of visibility, we have decided for the time being to maintain our 2022 guidance with net sales in the range of $925 and $950 million, resulting in net income per diluted share of between $2.80 and $2.85.”
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