Financial News

2024 Is ‘Best Year Ever’ for Interparfums

Nets sales soared 10% for the fine fragrance company in Q4 2024 and full year, respectively.

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By: Lianna Albrizio

Associate Editor

Interparfums is having its “best year ever,” per company Chairman and CEO Jean Madar.

Net sales for Q4, for the three months ended Dec. 31, were $362 million up 10% from the prior-year quarter of $329.

For the year ended Dec. 31, net sales were $1.4 billion, also a 10% change from the prior-year, which was $1.3 billion.

“2024 was our best year ever,” said Madar in a news release, adding that highlights were included record sales and profits, successful product launches and brand extensions, plus a better-than-expected first year managing Lacoste and Roberto Cavalli brand fragrances.

“Our sales growth of 10% for both the fourth quarter and the full year was broad-based across our portfolio, reflecting strong demand for our key brands worldwide,” he noted.

The company’s current top six brands – representing approximately 70% of the company’s net sales – increased 5% and 4% during the fourth quarter and full year, respectively. All of its key markets strengthened with its largest markets, North America, Western Europe and Asia/Pacific, achieving gains of 6%, 21% and 3%, respectively, compared to 2023 for the full year.

“The Middle East and Africa, Eastern Europe and Central and South America also achieved top line growth of 5%, 14% and 17%, respectively, compared to 2023 for the full year,” he said. “Furthermore, travel retail continued to strengthen, driven by the increase of travel frequency, distribution expansion, and enhanced consumer experience with our brands.”

Jimmy Choo, the largest brand in the company’s portfolio, increased sales by 7% for the year, largely driven by the ongoing success of the I Want Choo franchise. Guess grew 13% as a result of the continued robust performance of its legacy scents, plus the initial success of its new pillar, Guess Iconic (women).

Lacoste and Cavalli combined exceeded $115 million in sales behind healthy demand. The company said it expects further growth in the coming years.

Interparfums’ 2025 guidance calls for net sales of $1.51 billion.

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