Interparfums reports Q1 revenue $345M, consensus $354.29M

Jean Madar, Chairman & Chief Executive Officer of Interparfums (IPAR), stated, “We started off the year broadly in line with expectations with consolidated sales increasing 2% on a reported basis to $345 million, reflecting solid performances from select brands and favorable foreign exchange dynamics, which partially offset less favorable results from other brands in the portfolio. Excluding the war in the Middle East, which represented an estimated 1% headwind, organic sales declined moderately by 2%. Growth continues to be more measured compared to recent years amid ongoing macroeconomic pressures and geopolitical uncertainty. Consumer interest in fragrance remains resilient, and we are actively navigating an industry that continues to normalize as consumers become more selective and retailers are managing inventory cautiously. We are encouraged by the category’s durability and remain cautiously optimistic about the future of our ever-evolving brand portfolio.”