Inter Parfums up as Q4 sales top estimates

Interparfums

23/01/2023 22:36

** Shares of perfumes and cosmetics maker Inter Parfums Inc
 IPAR.O  up ~1% at $115 in extended trading 
    ** IPAR beats Q4 revenue estimates on strong sales growth at
its four largest brands - Montblanc, Jimmy Choo, Guess? and
Coach 
    ** Reports Q4 net sales of $311 mln, up 47% from a year
earlier, and above estimates of $290.7 mln, according to
Refinitiv IBES
    ** Co maintains its FY 2023 guidance
    ** Stock has gained ~15% in the past 12 months
 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com))