Interparfums, Inc. reported second-quarter 2025 net income of $32 million, or $0.99 per diluted share. For the first half of 2025, consolidated net sales increased 1% to $672.8 million, or 2.5% on an organic basis. Gross margin expanded by 150 basis points to 65.0% for the first half, driven by favorable segment and brand mix.
Operating income for the first half increased 1% to $134.25 million, maintaining a healthy operating margin of 20.0%. However, net income attributable to Interparfums, Inc. decreased 4% to $74.48 million, influenced by $2.4 million in foreign exchange losses and a $3.4 million loss on marketable securities in the first half.
The company reaffirmed its 2025 guidance of $1.51 billion in net sales and $5.35 diluted EPS, citing the continued resilience of the fragrance category, anticipated tariff-driven pricing actions in the second half, and favorable foreign exchange tailwinds. Operating cash flow significantly improved, shifting from a $26.5 million consumption in H1 2024 to a $4.5 million generation in H1 2025.
Interparfums highlighted recent strategic additions, including the exclusive global license agreement with Longchamp and the acquisitions of Off-White and Goutal brands. Additionally, the company's first owned brand fragrance collection, Solférino, remains on track with a highly selective distribution and elevated merchandising strategy, preparing to open its flagship Paris boutique in September.
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