Interparfums sees FY26 EPS $4.85, consensus $5.12

Sees FY26 revenue $1.48B, consensus $1.47B. Jean Madar, chairman and CEO of Interparfums (IPAR) noted, “In 2026, we will focus on consolidation and lay the foundations for long term, profitable growth. While current market dynamics largely influence a conservative outlook for 2026, we expect 2027 to be a very strong year as we ramp up the distribution of our newest brands. While we remain focused on delivering a strong pipeline of new fragrances in the coming year, broader macroeconomic challenges and ongoing inventory destocking are expected to persist into 2026. Despite these pressures, we anticipate a modest increase in net sales over our 2025 guidance, with foreign exchange gains offsetting the impact from the expiration of our license for Boucheron. We expect earnings per diluted share of $4.85 for full year 2026, representing a 5% decline from our 2025 guidance. This outlook reflects the one-time tax gains recognized in 2025, as well as the impact of tariffs and the investments we are making to develop our newest brands, Off-White and Longchamp, which are scheduled to begin distribution in 2027. We will also make incremental investments to support upcoming launches across our broader portfolio, including Solferino and Annick Goutal. While these initiatives create near-term pressure, our operational agility and proactive pricing action will help partially offset tariff-related impacts, and position us for healthy, sustainable growth as we enter 2027.”