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Stock Market & Financial Investment News

News Breaks
January 29, 2013
08:47 EDTIPARInter Parfums reports Q4 revenue $176.9M, consensus $157.82M.
News For IPAR From The Last 14 Days
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November 17, 2014
16:09 EDTIPARInter Parfums sees FY15 EPS 95c-98c, consensus $1.14
Sees FY15 net sales $500M, consensus $534.5M. Sees FY15 growth in net sales of approximately 7% compared to 2014s net sales guidance on a constant currency basis. CFO Russell Greenberg said, We enter 2015 well positioned for continued growth given our aggressive launch plans for the majority of our brands, and the strong trends being exhibited by Lanvin, Jimmy Choo and Montblanc. With that said, given the uncertainty and limited visibility of some of our key Eastern European markets, such as Russia, elevated geopolitical concerns in the Middle East, as well as the more modest growth rates of China and Southeast Asia relative to 2012 and 2013, at this time, we are introducing an initial outlook for the coming year with a prudent degree of conservatism. Additionally, our 2015 guidance for net sales and net income attributable to Inter Parfums, Inc. factors in a Euro/U.S. Dollar exchange rate of approximately 1.24, which is nearly 10% lower than the average exchange rate through the first nine months of 2014. As the year progresses, with the benefit of greater visibility into both market and currency trends, we expect to update our guidance as appropriate.

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