Interparfums reports Q4 revenue $386M, consensus $366.76M

Jean Madar, chairman and CEO of Interparfums (IPAR) stated, “Consolidated fourth quarter sales rose 7% on a reported basis and 3% on an organic basis to $386 million – our best ever fourth quarter performance. Our targeted marketing and high service levels across our global distribution network captured the interest of consumers during a robust holiday sales season, enabling us to finish the year on a high note and offsetting some of the softness we had seen in the previous quarters. Our annual sales reached a record $1.49 billion thanks to favorable foreign exchange and the multiple engines of growth enabled by our broad portfolio of prestige and luxury fragrance brands.