NASDAQ$IPAR

Inter Parfums Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Inter Parfums reported record results.

Inter Parfums, Inc. reported record results for the second quarter ended June 30, 2022. Sales in North America, Western Europe, and Asia rose 8%, 40% and 39%, respectively.

  • The average dollar/euro exchange rate for the current second quarter was 1.06 compared to 1.20 in the second quarter of 2021.
  • All regions outperformed last year with the understandable exception of Eastern Europe.
  • Largest brands, Montblanc, Jimmy Choo, Coach and GUESS have performed exceptionally well with sales up 14%, 6%, 17% and 37%, respectively.
  • Effective July 1, 2022, the Donna Karan and DKNY fragrance business, joins our portfolio.

Headline financials

Total Revenue

$245M

Previous: $208M+17.9%
EPS (adj)

$0.86

Previous: $0.71+21.1%
Avg Dollar/Euro Rate

1.06

Previous: 1.2-11.7%
Capital Expenditures

-$30.3M

Previous: -$120M+74.8%
Free Cash Flow

-$2.69M

Previous: -$97.6M+97.2%
Net Income

$27.6M

Previous: $22.7M+21.9%
Operating Income

$45.4M

Previous: $44.7M+1.7%
Gross Profit

$154M

Previous: $132M+16.2%
Cash & Equivalents

$52.2M

Previous: $150M-65.1%
Total Assets

$1.1B

Previous: $1.11B-0.5%
Stock-Based Comp

$1.22M

Previous: $715K+71.0%

Revenue & EPS history

Inter Parfums · Revenue · Quarterly

$245M

Q2 2022+17.9%vs Q2 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

2022 net sales of approximately $1 billion, resulting in diluted net income per share of $3.25.

Tailwinds

  • Record year-to-date sales
  • Orders scheduled for shipment in the second half of the year
  • Net sales of approximately $1 billion
  • Diluted net income per share of $3.25
  • Guidance assumes that the average dollar/euro exchange rate remains at current levels

Headwinds

  • Guidance assumes there is no significant resurgence of the COVID-19 pandemic.
  • A strong U.S. dollar has a negative impact on our net sales.
  • Shipping related issues following a change in the distribution software
  • The risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Inter Parfums' annual report on Form 10-K for the fiscal year ended December 31, 2021
  • actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors

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 2022

Historical avgQ2 2022

-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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