Net Sales Rise to a Record $210.8 Million for Inter Parfums, Inc. for 2021 Fourth Quarter

Inter Parfums, Inc. today announced that net sales rose to a record $210.8 million for the three months ended Dec. 31, 2021— a 15% increase from the fourth quarter of 2020, and 19% ahead of the fourth quarter of 2019. 
 
For the 2021 full year, net sales rose to $879.6 million, up 63% and 23% compared to $539.0 million in 2020 and $713.5 million in 2019. 
 
Inter Parfums, Inc. Chairman and CEO Jean Madar said 2021 was the company’s best year in its history with sales at an “all-time high.” Guess became its fourth brand with sales in excess of $100 million joining Montblanc, Jimmy Choo and Coach. As compared to 2019, Guess grew by 41%, Jimmy Choo by 34% and Montblanc’s by 7%. Its mid-sized brands—Abercrombie & Fitch, Hollister, Oscar de la Renta, Van Cleef & Arpels and Karl Lagerfeld—also achieved significant gains. First-time sales were welcomed by the company’s newest brands, notably Kate Spade, MCM, Ferragamo and Moncler.
 
North America, its largest market, achieved sales growth of 50% compared to 2019, while Western Europe and Asia grew sales by 9% and 15%, respectively, compared to 2019. Latin America and Eastern Europe also achieved top-line growth of 22% and 26%, respectively. The Middle East was the sole market to have a decline in sales compared to 2019. 
 
“With better-than-expected sales in the final quarter of the year, we’ve increased our guidance for 2021 net income per diluted share from $2.45 to $2.65,” noted Chief Financial Officer Russell Greenberg. “We are also raising our 2022 guidance and now look for net sales of $975 million resulting in net income per diluted share of $3.00. Our 2022 guidance assumes that the average dollar/euro average exchange rate remains at current levels and there is no significant resurgence of the COVID-19 pandemic.”
 
2022 is off to a solid start with the company’s integration of the Ferragamo and Ungaro brands and its new Italian subsidiary is now staffed and fully operational. In addition, a line-up of new product launches are in the works for several of its other brands, which include the rollout of the first Moncler fragrance line in a series of selective points of sale that serve Inter Parfums, Inc.’s image. 
 
A new men’s collection for Guess is scheduled for introduction in the spring. Extensions of the Montblanc Legend, Jimmy Choo Man and Jimmy Choo’s I Want Choo, debut in the first, second and third quarters, in addition to the new men’s lines for Coach and Boucheron in the third. Brand extensions and flankers are in the works for MCM, Abercrombie & Fitch, Hollister, Anna Sui, and Oscar de la Renta, in addition to the Donna Karan and DKNY fragrance brands to its portfolio this summer. 

“2022 has all the earmarks of another superb year as the growth catalysts currently far outweigh the headwinds, most notably limited travel retail business and supply chain disruptions,” said Madar.