NASDAQ$IPAR

Inter Parfums Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Inter Parfums reported an increase in net sales and net income for Q2 2021, comparing results to 2019 due to the significant impact of the COVID-19 pandemic in 2020.

Inter Parfums, Inc. reported a substantial increase in net sales and net income for the second quarter of 2021, with comparisons made against 2019 figures due to the impact of the COVID-19 pandemic in 2020. Net sales rose 18% to $406.1 million for the first half of 2021 compared to the same period in 2019, and net income attributable to Inter Parfums, Inc. rose 61% to $50.3 million.

  • Net sales for the first half of 2021 increased by 18% to $406.1 million compared to 2019.
  • Net income attributable to Inter Parfums, Inc. rose by 61% to $50.3 million compared to 2019.
  • Diluted earnings per share increased by 60% to $1.58 for the first half of 2021 compared to $0.99 in 2019.
  • The company signed a transaction agreement for the exclusive worldwide license for Ferragamo brand perfumes, expected to start in October 2021.

Headline financials

Total Revenue

$208M

Previous: $49.5M+319.3%
EPS (adj)

$0.71

Previous: -$0.10+810.0%
Avg Dollar/Euro Rate

1.2

Previous: 1.1+9.1%
Gross Margin

0.7%

No prior period
Capital Expenditures

-$120M

Previous: -$1.57M-7554.6%
Free Cash Flow

-$97.6M

Previous: -$4.69M-1981.4%
Net Income

$22.7M

Previous: -$3.12M+826.7%
Operating Income

$44.7M

Previous: -$5.52M+908.5%
Gross Profit

$132M

Previous: $26.8M+393.0%
Cash & Equivalents

$150M

Previous: $127M+17.5%
Total Assets

$1.11B

Previous: $754M+47.0%
Stock-Based Comp

$715K

Previous: $1.07M-32.9%

Revenue & EPS history

Inter Parfums · Revenue · Quarterly

$208M

Q2 2021+319.3%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Inter Parfums expects 2021 net sales of approximately $750 million and diluted net income per share of $1.95.

Tailwinds

  • Based upon year-to-date results.
  • Based on current order levels for the second half
  • Guidance assumes that the average dollar/euro average exchange rate remains at current levels
  • Guidance assumes there is no significant resurgence of the COVID-19 pandemic
  • Guidance excludes potential Ferragamo fragrance sales following the closing of the pending transaction.

Headwinds

  • The uptick in COVID-19 cases and the highly transmissible Delta variant could change our expectations.
  • Potential impact from resurgence of the COVID-19 pandemic
  • Uncertainty regarding the timing and impact of the Ferragamo fragrance license
  • Dependence on average dollar/euro exchange rate remaining at current levels.
  • Global tax settlement with the French Tax Authority

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-1.1%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-1.3%

Avg return

30 days after

37%

24 / 65 earnings

Positive

+19.2%

Q3 2020

Best reaction

-13.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%+5.3%-1.0%
Q4 2025-4.5%-3.7%-12.1%
Q3 2025-4.0%-3.9%-9.3%
Q1 2025+8.8%+7.8%+23.8%
Q4 2024+3.9%-2.9%-15.7%
Q3 2024-0.5%+1.9%+7.9%
Q2 2024+3.7%+2.4%-4.4%
Q1 2024-1.1%+1.9%+0.2%
Q4 2023-4.8%-4.5%-7.8%
Q3 2023+0.1%-4.2%+3.6%
Q2 2023-9.2%-9.7%-11.1%
Q1 2023-12.0%-10.3%-11.9%
Q4 2022+9.3%+16.5%+18.2%
Q3 2022-1.7%+2.4%+15.2%
Q2 2022-5.4%-3.4%-8.7%
Q1 2022-13.1%-7.5%-10.4%
Q4 2021-1.7%-7.3%-5.2%
Q3 2021-0.9%-2.0%+0.5%
Q2 2021-2.2%-6.7%-7.4%
Q1 2021-5.7%+1.0%+2.8%
Q4 2020-1.4%-2.3%-3.1%
Q3 2020+19.2%+16.6%+21.8%
Q2 2020+0.7%+4.3%-6.5%
Q1 2020-6.3%-11.5%+6.9%
Q4 2019-4.4%-6.2%-32.9%
Q3 2019+0.2%-1.1%-8.3%
Q2 2019-1.6%-1.0%-4.9%
Q1 2019-5.2%-5.2%-10.6%
Q4 2018+4.3%+4.0%+1.3%
Q3 2018+2.1%+1.7%-1.6%
Q2 2018+3.2%-0.8%+4.4%
Q1 2018-7.3%-5.1%+5.6%
Q4 2017-0.5%+2.9%+0.2%
Q3 2017-1.3%-1.5%+0.7%
Q2 2017+0.9%-0.9%+2.5%
Q1 2017-3.1%-4.1%-8.1%
Q4 2016+3.6%+8.9%+2.0%
Q3 2016+2.1%+3.0%+13.2%
Q2 2016+0.4%+1.2%-1.7%
Q1 2016-6.3%
Q4 2015-1.5%
Q3 2015+1.2%
Q2 2015-8.3%
Q1 2015+4.7%
Q4 2014+7.3%
Q3 2014-0.3%
Q2 2014+5.2%
Q1 2014-10.1%
Q4 2013-3.1%
Q3 2013-1.7%
Q2 2013-6.6%
Q1 2013+1.2%
Q4 2012-5.9%
Q4 2009-5.9%
Q3 2012-4.5%
Q2 2012+2.8%
Q1 2011+1.1%
Q1 2012-0.6%
Q4 2011-0.6%
Q3 2010-0.4%
Q3 2011-0.4%
Q2 2010-4.5%
Q4 2010-4.5%
Q2 2011-4.5%
Q1 2010+9.1%

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