Inter Parfums Reveals 2018 Guidance

Inter Parfums, Inc. reported initial 2018 guidance, which calls for net sales of approximately $620 million, resulting in net income attributable to Inter Parfums, Inc. of approximately $1.40 per diluted share. Guidance assumes the dollar remains at current levels.

Russell Greenberg, executive vice president & chief financial officer of Inter Parfums, stated, “Our initial 2018 guidance range implies a year-over-year increase in net sales of approximately 7%, based upon the high end of our 2017 net sales guidance of $580 million. Similarly, we are looking for 2018 net income per diluted share attributable to Inter Parfums, Inc. to increase approximately 8.5% using $1.29 per diluted share, the high end of our 2017 earnings guidance, as a base. We will, if appropriate, affirm or update our guidance as the year progresses.”

The Q3 also showed gains, as reported here in Happi.