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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.
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