Net Sales for Inter Parfums, Inc. Rise to a Record $311 Million

Net sales for Inter Parfums, Inc. for the three months ended December 31, 2022, rose to a record $311 million, a 47% increase from $211 million in the fourth quarter of 2021. 

 

At comparable foreign currency exchange rates, consolidated fourth quarter net sales increased 57% from the fourth quarter of 2021. The average dollar/euro exchange rates for the 2022 and 2021 fourth quarters were 1.02 and 1.14, respectively, leading to a negative 10% foreign exchange impact.

 

For the full year, 2022 net sales rose to $1.087 billion, up 24% from $880 million in 2021 and slightly above the company’s latest guidance of $1.08 billion. At comparable foreign currency exchange rates, consolidated 2022 net sales increased 30% from 2021. The average dollar/euro exchange rates for 2022 and 2021 were 1.05 and 1.18, respectively, for a negative 7% foreign exchange impact.

 

“As we reported earlier this month, the fourth quarter of 2022 was exceptionally strong, ushering in the best year in our history,” said Jean Madar, chairman & CEO of Inter Parfums. “In the final quarter of the year, our four largest brands, Montblanc, Jimmy Choo, Coach and Guess generated sales gains of 50%, 78%, 82% and 28%, respectively, compared to the same period one year earlier. Many of our other fragrance brands also achieved stellar comparable quarter growth. For our US-based operations, Oscar de la Renta and Abercrombie & Fitch grew sales by 28% and 16%, respectively, while for European operations, Moncler, Kate Spade and Boucheron generated comparable quarter gains of 34%, 140% and 25%, respectively.”