European-Based Operations Growth
European-based operations reported net sales growth of 6% in the second quarter and 7% in the first half of the year, with robust performance in the U.S. led by Jimmy Choo fragrances.
Solid Growth in Key Markets
North America sales rose 7%, and Western Europe sales increased by 3% during the first half, with Central and South America sales up 7%, driven by Lacoste and Coach fragrances.
New Fragrance Launches and License Agreements
Interparfums plans to launch new products for brands such as Jimmy Choo, Montblanc, Karl Lagerfeld, and Lacoste. Additionally, Interparfums was selected as the exclusive fragrance licensee for Longchamp.
E-commerce Expansion
Strong momentum in e-commerce channels, especially on Amazon, with platforms like TikTok Shop and Divabox gaining traction.
Tariff Agreement and Sourcing Strategy
Agreement to keep tariffs on goods from Europe at 15% and eliminate tariffs on U.S. exports to Europe. Transitioning to alternative sourcing options outside of China to minimize impacts.
Gross Margin Improvement
Gross margin expanded by 170 basis points to 66.2% in the second quarter, driven by favorable brand and channel mix.