03.01.23
Net sales for Inter Parfums Inc. in 2022 topped $1.0 billion, a 24% rise from the prior year. Q4 net sales were $311 million, a 47% change from the prior-year quarter.
Jean Madar, chairman and CEO called 2022 a “milestone year.”
“Our largest region, North America achieved sales growth of 22%, followed by Western Europe and Asia where sales rose 28% and 19%, respectively,” said Madar. “There was also a strong performance from the Middle East and Latin America with sales up 44% and 24%, respectively. Even Eastern Europe achieved modest sales growth of 6%, despite the armed conflict in Ukraine and sanctions on Russia. With the exception of China, our travel retail business has rebounded to near pre-pandemic levels.”
According to Madar, the strength of the dollar "masked the gains made by our European operations in 2022, which grew 12% in US dollars, but 20% in constant currency.”
All major brands, including Montblanc, Jimmy Choo and Coach, grew by double digits. Sales for 2022 were also buoyed by a full year of Moncler—the company’s debut product for the brand—which was launched in late 2021.
“With sales up 58%, our US operations produced exceptional gains in 2022,” said Madar. “Guess brand sales rose by 24%, Oscar de la Renta by 19%, Abercrombie & Fitch by 28%, and Hollister by 16%. Newer brands such as Ferragamo were included for all of 2022, but only in the final quarter of 2021. Donna Karan and DKNY sales were consolidated starting in July of 2022. Removing newly added brands, like-for-like 2022 sales rose 24%.”