Interparfums, Inc. has reported financial results for the third quarter and nine months of 2024. For the three months ended September 30, net sales reached a record $425 million, representing a 15% increase from $368 million in the same quarter of 2023. In nine months of 2024, its net sales totaled $1.091 billion, up 10% compared to the previous year.
Jean Madar, Chairman and CEO of Interparfums, attributed this remarkable growth to the robust global fragrance market, the solid performance of major brands, and the successful introduction of new brands, particularly Lacoste and Roberto Cavalli, which collectively contributed 10% to the overall sales growth.
Regionally, net sales in Europe reached $282 million, an increase of 21%, driven primarily by strong performances from the Jimmy Choo and Montblanc brands, which recorded sales growth of 17% and 10%, respectively. The launch of Jimmy Choo’s “I Want Choo Le Parfum” and the ongoing success of Montblanc’s Explorer and Legend lines were significant factors in this surge.
Madar also highlighted the resilience of established brands, with Coach maintaining sales levels similar to last year, and Lacoste making a notable entry into the market with the successful debut of its Original line. Mid-sized brands, including Lanvin and Karl Lagerfeld, further bolstered quarterly growth, with Lanvin’s sales increasing by 31% and Karl Lagerfeld growing by 19% thanks to an expanded product range.
Madar stated that in the United States, the company’s net sales for the third quarter of 2024 reached $146 million, up 9%. GUESS led this performance with a 16% increase, driven by the success of both legacy scents and the new GUESS Iconic line. Meanwhile, Donna Karan/DKNY saw a 4% growth as it prepares for the global rollout of DKNY 24/7.
Despite a strong comparative base from the previous year, Ferragamo also gained traction, supported by the success of Signorina Unica. The company’s newest brand, Roberto Cavalli, made a successful debut with the “Sweet Ferocious” fragrance and is poised for further growth with the upcoming launch of the Wild Heart duo.
Madar concluded with optimism about the company’s position in the competitive marketplace, emphasizing the importance of a diverse brand portfolio and an agile operational model.
