BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

IPAR: Sales Trajectory Ahead of Estimates

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul>
<li>IPAR closed out 2023 with the same momentum that has been generating sales growth the last several years.</li>
<li>The consumer has been receptive to fragrance and there has been no sign of slowing demand for the category</li>
<li>IPAR provided preliminary fourth quarter sales of $329 million versus our estimate of $316.5 million. Sales growth within IPAR’s top selling brands was through Coach and Guess</li>
</ul>


IPAR closed out 2023 with the same momentum that has been generating sales growth the last several years.
The consumer has been receptive to fragrance and there has been no sign of slowing demand for the category
IPAR provided preliminary fourth quarter sales of $329 million versus our estimate of $316.5 million. Sales growth within IPAR’s top selling brands was through Coach and Guess


Inter Parfums

IPAR: Scent of Momentum