Inter Parfums, Inc. Revises Earnings Guidance for the Year 2021 and 2022
January 24, 2022 at 04:05 pm EST
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Inter Parfums, Inc. revised earnings guidance for the year 2021 and 2022. The company increased its guidance for 2021 net income per diluted share from $2.45 to $2.65.
The company also raising its 2022 guidance and now look for net sales of $975 million resulting in net income per diluted share of $3.00.
Inter Parfums, Inc. manufactures, markets and distributes a range of fragrance and fragrance related products. The Company has two segments. The Company produces and distributes its fragrance products under license agreements with brand owners, and fragrance product sales through its European based operations segment. It has built a portfolio of brands, which include Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T. Dupont, and Van Cleef & Arpels, whose products are distributed in approximately 120 countries around the world. Its brand fragrance products are also produced and marketed through its United States based operations. These fragrance products are sold under trademarks owned by the Company or pursuant to license or other agreements with the owners of brands, which include Abercrombie & Fitch, Anna Sui, Donna Karan, DKNY, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, and Ungaro.
INTER PARFUMS, INC. 
