Interparfums Q3 Sales Flat at $430M as US Giftset Delays Shift $10M Into Q4
IPAR sits 50% above its 52-week low of $77.21.
Summary
Q3 net sales came in flat at $430M versus a year ago, with nine-month sales up 1% to $1,115M. Europe did the heavy lifting, up 4% to $306M on Coach (+23%) and a Montblanc rebound (+12%), while US based operations fell 7% to $127M. Management pinned the US decline on supply chain disruptions that delayed roughly $10M of giftset shipments into Q4 — excluding that, US sales would have been flat. The Middle East war cost about 1% of Q3 sales, and the company kept a measured but positive outlook. This follows the Q2 print in late July that showed 2% growth and a 4% EPS decline, so the flat top line marks a deceleration. Full financials and the conference call land November 4-5, which will show whether the delayed shipments actually land in Q4 and what they cost in margin.
At the time of this announcement, IPAR was trading at $115.90 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $77.21 to $129.29. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.