Inter Parfums initiates FY24 guidance; reiterates FY23 outlook (123.62 -1.26)
- Co reaffirms guidance for FY23 (Dec), sees EPS of $4.75 vs. $4.71 FactSet Consensus; sees FY23 (Dec) revs of $1.30 bln vs. $1.31 bln FactSet Consensus.
- Co issues guidance for FY24 (Dec), sees EPS of $5.15 and revs of $1.45 bln.
- Co added, "With ongoing momentum in the fragrance market, coupled with innovative blockbusters, enrichment from line extensions, and incremental sales from our newest brands, Roberto Cavalli and Lacoste, 2024 has all the attributes of another record year for us. For full-year 2024, we expect our established brands will produce approximately 5% organic growth across our global business, inclusive of travel retail."