Interparfums Q3 EPS, net income beat estimates as gross margin rises
Overview
Fragrance maker's Q3 adjusted EPS, net income, and operating income beat analyst expectations
Q3 sales were flat yr/yr at $430 mln, with gross margin rising to 67.1%
Company raised 2026 sales outlook, maintains EPS guidance
Outlook
Company raises 2026 sales guidance to $1.49 bln from $1.48 bln
Interparfums maintains 2026 EPS guidance at $4.85
Company expects to release initial 2027 guidance on Nov. 18, 2026
Result Drivers
REGIONAL SALES MIX - Gains in North America, Asia/Pacific, and Central and South America offset declines in Western and Eastern Europe and the Middle East, per CEO Jean Madar
GROSS MARGIN EXPANSION - Gross margin rose due to favorable segment, brand and channel mix, inventory efficiency, and one-time tariff refunds, partially offset by higher tariffs
BRAND PERFORMANCE - Sales growth in key brands such as Coach, Jimmy Choo, Montblanc, GUESS, and DKNY helped offset declines in Lacoste and Ferragamo
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | Beat | $2.13 | $1.89 (3 Analysts) |
Q3 Net Income | Beat | $68 mln | $60.67 mln (3 Analysts) |
Q3 Operating Income | Beat | $118 mln | $102.35 mln (3 Analysts) |
Q3 Operating Margin | 27.40% |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the personal products peer group is "buy."
Wall Street's median 12-month price target for Interparfums Inc is $128.00, about 9.3% above its November 3 closing price of $117.09
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 23 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)