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News Breaks
January 29, 2013
08:50 EDTIPARInter Parfums increases FY13 EPS view to 90c-92c from 86c
Company said "Based upon sales achieved in 2012 and excluding the effect of the termination of the Burberry license, we expect to beat our current 2012 guidance of approximately $35.9M or $1.17 per diluted share in net income attributable to Inter Parfums. With strong sales momentum continuing into 2013, plus the addition of Alfred Dunhill fragrances in the spring, we are increasing our guidance for the year to approximately $480M in net sales resulting in net income attributable to Inter Parfums, in range of 90c-92c per diluted share. As was the case with our previous guidance of net sales of approximately $460 million and 86c per diluted share attributable to Inter Parfums, the new guidance factors in the impact of the transition agreement with Burberry through March 31, 2013, as well as the introduction of new scents for Jimmy Choo, Lanvin, Van Cleef & Arpels, Boucheron, Repetto, Anna Sui and bebe. Guidance assumes the dollar remains at current levels." Consensus is for FY13 EPS 84c. and for revenue $460.57M.
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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