Interparfums Q3 revenue edges past expectations on Europe strength

Interparfums

Tue 21:13

Overview
Global fragrance producer's Q3 revenue was flat yr/yr, slightly beating analyst expectations
European operations Q3 sales rose 4%, offsetting a 7% decline in U.S. sales
U.S. sales fell due to $10 mln in delayed shipments, revenue to be recognized in Q4

Outlook
Company maintains a measured but positive outlook for the rest of 2026 and 2027
Company expects 2026 holiday season and 2027 to benefit from new launches and brand additions
Company sees major developments planned for 2027 and beyond

Result Drivers
EUROPEAN GROWTH - Co said strong European sales offset weaker U.S. performance
SUPPLY CHAIN DELAYS - Co attributed U.S. sales decline to $10 mln in delayed giftset shipments
MIDDLE EAST CONFLICT - Co said ongoing war in Middle East was a 1% headwind in Q3

Company press release: ID:nGNX866K5D

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$430 mln
$426.89 mln (3 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the personal products peer group is "buy."
Wall Street's median 12-month price target for Interparfums Inc is $128.00, about 11.5% above its October 19 closing price of $114.75
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

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Oct 20 - France's EssilorLuxottica Q3 revenue rises on wearables, myopia management portfolio growth
Oct 19 - France's Virbac Q3 revenue rises on strength in Both Companion Animal, Farm Animal segments

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)