Interparfums Q3 revenue edges past expectations on Europe strength
Overview
Global fragrance producer's Q3 revenue was flat yr/yr, slightly beating analyst expectations
European operations Q3 sales rose 4%, offsetting a 7% decline in U.S. sales
U.S. sales fell due to $10 mln in delayed shipments, revenue to be recognized in Q4
Outlook
Company maintains a measured but positive outlook for the rest of 2026 and 2027
Company expects 2026 holiday season and 2027 to benefit from new launches and brand additions
Company sees major developments planned for 2027 and beyond
Result Drivers
EUROPEAN GROWTH - Co said strong European sales offset weaker U.S. performance
SUPPLY CHAIN DELAYS - Co attributed U.S. sales decline to $10 mln in delayed giftset shipments
MIDDLE EAST CONFLICT - Co said ongoing war in Middle East was a 1% headwind in Q3
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | $430 mln | $426.89 mln (3 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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 11.5% above its October 19 closing price of $114.75
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 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.)