Inter Parfums sees FY18 EPS below consensus and revs slightly above consensus
- Co issues guidance for FY18 (Dec), sees EPS of $1.40 vs. $1.45 Capital IQ Consensus Estimate; sees FY18 (Dec) revs of $620 mln vs. $618.30 mln Capital IQ Consensus Estimate.
- "In the absence of blockbuster launches by our leading brands in 2018, we are looking for a more modest year-over-year growth rate primarily driven by brand extensions, geographic rollouts of 2017 launches, and recurring sales of our perennial best sellers that are to be supported by well-executed advertising and promotion programs and strategic distribution. We expect this to be followed in 2019 and 2020 by renewed acceleration in growth driven by major initiatives by the portfolio's largest brands, Montblanc, Jimmy Choo, Coach and Rochas.