Interparfums, Inc. announced record net sales of $425 million for the third quarter ended September 30, 2024, marking a 15% increase from the same period in 2023. This performance represents the highest quarterly sales in the company's history. The growth was attributed to the ongoing strength of the global fragrance market and solid performance across its brand portfolio.
European-based operations saw a 21% increase in net sales, primarily led by Jimmy Choo and Montblanc with 17% and 10% sales growth, respectively. The Lacoste and Roberto Cavalli brands, new additions to the portfolio, contributed 10% to the overall sales growth. U.S.-based operations also experienced a 9% sales increase compared to the prior year period.
The company reaffirmed its full-year 2024 guidance, projecting net sales of $1.45 billion and diluted earnings per share of $5.15. This reiteration of guidance signals confidence in the company's ability to maintain its growth trajectory through the end of the fiscal year.
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