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<ul>
<li>IPAR reported third quarter results after having previously released preliminary sales figures. Demand for gift sets exceeded expectations in the quarter, leading to sellouts at many retailers.  </li>
<li>The strength in the quarter comes when IPAR is setting its release schedule for 2025. We are expecting momentum in IPAR’s top brands to continue. </li>
<li>The quarterly results highlighted the strength of the different brands leading to sales growth. IPAR has released a series of fragrances this year that have contributed to higher sales. </li>
</ul>


IPAR reported third quarter results after having previously released preliminary sales figures. Demand for gift sets exceeded expectations in the quarter, leading to sellouts at many retailers.  
The strength in the quarter comes when IPAR is setting its release schedule for 2025. We are expecting momentum in IPAR’s top brands to continue. 
The quarterly results highlighted the strength of the different brands leading to sales growth. IPAR has released a series of fragrances this year that have contributed to higher sales. 


IPAR: Free Cash Flow from Moderating Growth

<ul>
<li>IPAR continues to demonstrate its ability to outperform with its brand portfolio of prestige fragrances. IPAR provided preliminary third quarter 2024 sales estimate of approximately $425 million. </li>
<li>We believe the growth IPAR is reporting for the third quarter was the result of greater demand than retailers stocking more for the holidays.   </li>
<li>IPAR highlighted the growth in its top two brands, Jimmy Choo and Montblanc, as primary reasons for the sales in the quarter. Lacoste and Cavalli were an additional boost.  </li>
</ul>


IPAR continues to demonstrate its ability to outperform with its brand portfolio of prestige fragrances. IPAR provided preliminary third quarter 2024 sales estimate of approximately $425 million. 
We believe the growth IPAR is reporting for the third quarter was the result of greater demand than retailers stocking more for the holidays.   
IPAR highlighted the growth in its top two brands, Jimmy Choo and Montblanc, as primary reasons for the sales in the quarter. Lacoste and Cavalli were an additional boost.  


Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Inter Parfums' second quarter earnings for 2024 provides a comprehensive update on the company's performance and strategic direction in the fragrance market.</li><li>CEO Jean Madar discussed the strategic product launches and collaborations with notable brand ambassadors such as John Legend, Victoria Song, and Jayson Tatum, aimed at leveraging celebrity influence to enhance brand value and appeal, particularly among younger demographics.</li><li>The introduction of John Legend as the face of Montblanc Legend and the continuation of partnerships like those with Victoria Song for Jimmy Choo highlight the company's effort to marry traditional and modern advertising tactics.</li></ul>

Inter Parfums' second quarter earnings for 2024 provides a comprehensive update on the company's performance and strategic direction in the fragrance market.CEO Jean Madar discussed the strategic product launches and collaborations with notable brand ambassadors such as John Legend, Victoria Song, and Jayson Tatum, aimed at leveraging celebrity influence to enhance brand value and appeal, particularly among younger demographics.The introduction of John Legend as the face of Montblanc Legend and the continuation of partnerships like those with Victoria Song for Jimmy Choo highlight the company's effort to marry traditional and modern advertising tactics.

Inter Parfums Inc.: Will The Management's Enhanced E-commerce & Digital Strategy Yield Dividends? - Major Drivers

<ul>
<li>PAR had previously issued its quarterly sales update making the second quarter results more of an update on how the business is shaping out for the remainder of the year. </li>
<li>IPAR used the Q2 earnings call to disclose its intention to enter the luxury fragrance market with its own brand in 2025. Owning a brand is not new for IPAR.</li>
<li>The consumer continuing to purchase fragrances undisturbed should create the opportunity to grow sales in the second half of the year ahead of new launches scheduled for 2025.</li>
</ul>


PAR had previously issued its quarterly sales update making the second quarter results more of an update on how the business is shaping out for the remainder of the year. 
IPAR used the Q2 earnings call to disclose its intention to enter the luxury fragrance market with its own brand in 2025. Owning a brand is not new for IPAR.
The consumer continuing to purchase fragrances undisturbed should create the opportunity to grow sales in the second half of the year ahead of new launches scheduled for 2025.


<ul><li>Inter Parfums experienced a modest yet positive performance in the first quarter of 2024, as the company continued to navigate a challenging market landscape characterized by both opportunities and hurdles.</li><li>The reported net sales of $324 million, marking a 4% increase compared to the prior year, signify a steady growth trajectory, albeit at a slower pace than the exceptional 24% growth in the comparable quarter last year.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Inter Parfums experienced a modest yet positive performance in the first quarter of 2024, as the company continued to navigate a challenging market landscape characterized by both opportunities and hurdles.The reported net sales of $324 million, marking a 4% increase compared to the prior year, signify a steady growth trajectory, albeit at a slower pace than the exceptional 24% growth in the comparable quarter last year.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Inter Parfums Inc.: Is Its Strategic Focus on Emerging Markets and Travel Retail Paying Off? - Major Drivers

United States

Inter Parfums, Inc. manufactures, markets, and distributes a wide array of fragrances and fragrance related products. The Company's European-based operations produce and distribute prestige fragrance products primarily under license with brand owners. It's U.S.-based operations primarily produce and sell fragrance and personal care products under several specialty retail brands.

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Inter Parfums (IPAR US)

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Inter Parfums Inc.: Is Its Strategic Focus on Emerging Markets and Travel Retail Paying Off? - Major Drivers

Inter Parfums experienced a modest yet positive performance in the first quarter of 2024, as the company continued to navigate a challenging...

Baptista Research

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