NASDAQ$IPAR

Inter Parfums Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Inter Parfums reported record results for the third quarter of 2022 and raised its 2022 sales and EPS guidance.

Inter Parfums, Inc. reported record third-quarter results, with net sales increasing, driven by growth in European and U.S. operations. The company raised its 2022 net sales and diluted EPS guidance, anticipating continued strong performance despite global economic challenges.

  • Third quarter net sales increased, with a notable contribution from new brands.
  • European operations experienced sales growth in constant euro terms, although reported sales declined due to foreign exchange rates.
  • U.S. operations saw a significant increase in sales, bolstered by new brands and organic growth from established brands.
  • The company raised its 2022 net sales and diluted EPS guidance, projecting continued growth despite economic headwinds.

Headline financials

Total Revenue

$280M

Previous: $263M+6.8%
EPS (adj)

$1.30

Previous: $1.20+8.3%
Avg Dollar/Euro Rate

1.01

No prior period
Capital Expenditures

-$32.6M

Previous: $11.1M-394.7%
Free Cash Flow

$8.81M

Previous: $38.3M-77.0%
Net Income

$41.4M

Previous: $38.3M+8.1%
Operating Income

$64.5M

Previous: $67.6M-4.7%
Gross Profit

$182M

Previous: $167M+8.6%
Cash & Equivalents

$41.3M

Previous: $175M-76.4%
Total Assets

$1.11B

Previous: $1.13B-1.4%
Stock-Based Comp

$476K

Previous: $711K-33.1%

Revenue & EPS history

Inter Parfums · Revenue · Quarterly

$280M

Q3 2022+6.8%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Inter Parfums raised its 2022 guidance, expecting net sales of $1.025 billion and diluted EPS of $3.40, despite facing challenges such as inflation, COVID-19 restrictions in China, and supply chain disruptions.

Tailwinds

  • Strong year-to-date performance.
  • Healthy projections for the remainder of the year.
  • Budgeting 21% of annual net sales for advertising and promotion.
  • Optimistic about prospects for the coming year.
  • Will invest in business to continue to gain market share and long-term growth.

Headwinds

  • Confronting inflation.
  • COVID-19 restrictions in China.
  • Relentless strengthening of the U.S. dollar.
  • Supply chain disruptions.
  • Recessionary fears globally.

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 Q3 2022

Historical avgQ3 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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