The manufacturer and distributor of fragrances said it now anticipates net sales for the whole 2022 fiscal year to reach $1.08 billion, up from its previous projection of $1.025 billion.
Diluted profits per share should be around $3.60, up from the previous forecast of $3.40, due to the rise in sales and contemporaneous operating leverage.
In light of this, the business stated that it anticipates a 23% rise in net sales and a 31% rise in diluted earnings per share over 2021.
“Both our European and American-based operations saw extraordinarily outstanding fourth-quarter performance, “said Jean Madar, Inter Parfums, Inc.’s chairman and CEO.
“Indicators and order levels indicate to a continuation of robust sales growth in 2023, allowing us to also boost our 2023 sales projection from $1.11 billion to $1.15 billion and diluted profits per share from $3.70 to $3.75,” the company said.
The business, which has licence deals for fragrances with brands including Guess, DKNY, and Coach, among others, stated that it intends to release final 2022 sales data on or around January 23 and full year statistics on or around February 28.
