Interparfums reports Q2 revenue $334M, consensus $357.58M

Jean Madar, chairman and CEO of Interparfums (IPAR) stated, “Consolidated sales on an organic basis for the first six months grew 3% while sales for the second quarter declined moderately as a result of a shift in order timing into the first quarter, as previously shared. While the current macroeconomic environment created headwinds in certain geographies, we view the impacts on our business as transitory as we mitigate the near-term pressures and fuel our longer-term strategy with our retail and distribution partners. We are adapting to the evolving landscape and remain confident in the strength of the market, particularly in the United States, and the resilience of our brand portfolio.”