Yesterday, Interparfums, Inc. (NASDAQ GS: IPAR) reported a strong financial performance for the fourth quarter and full year ended December 31, 2024. Net sales increased by 10% for both the quarter and the year, reaching $362 million and $1.45 billion, respectively, compared to 2023. Jean Madar, Chairman and CEO, highlighted that the final quarter achieved the company’s best-ever fourth-quarter performance, helping it meet its 2024 sales goal of $1.45 billion.
The company’s growth was broad-based, with robust demand across its portfolio. GUESS emerged as a standout, with annual sales projected to exceed $200 million, solidifying its position as the third-largest brand in the portfolio. The top six brands, which accounted for 70% of net sales, posted a 5% quarterly growth and a 4% increase for the year. Newly added brands, Lacoste and Roberto Cavalli, significantly contributed to growth, accounting for 8% of quarterly and 9% of full-year consolidated sales growth.
European operations posted a 6% and 10% sales increase for the quarter and full year, driven by the strong performance of Jimmy Choo and Lacoste, alongside the steady execution of smaller brands. Jimmy Choo, the largest brand in the portfolio, grew sales by 11% in the fourth quarter and 7% for the year, led by the success of the I Want Choo line. Montblanc and Coach maintained stable sales against high prior-year comparables. Lacoste exceeded expectations in its first year under Interparfums’ management, achieving $85 million in sales.
In the U.S., operations recorded 16% and 12% sales growth for the quarter and full year, respectively, powered by GUESS, Donna Karan/DKNY, and Roberto Cavalli. GUESS fragrances grew by 17% for the quarter and 13% for the year, supported by legacy scents and new launches like GUESS Iconic and Uomo Intenso. Donna Karan/DKNY achieved 10% quarterly and 9% annual growth, driven by the success of the Donna Karan Cashmere Collection and the launch of DKNY 24/7, which helped the brand exceed $100 million in sales.
Italian brands Ferragamo and Roberto Cavalli also performed well, with Ferragamo seeing a 13% quarterly sales increase, while Roberto Cavalli exceeded expectations with $31 million in its first year under Interparfums’ management.
Looking ahead, the company remains optimistic about 2025, citing strong demand for premium products, expanding e-commerce channels, and a robust pipeline of new launches. With 2024 earnings per diluted share expected to reach $5.15, excluding a non-recurring impairment charge, Interparfums is poised for another record-setting year in 2025.
