UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 7.01. Regulation FD Disclosure.
Our press release dated December 9, 2021 relating to guidance and factors contributing to guidance, a copy of which is annexed hereto as Exhibit no. 99.1, is incorporated by reference herein, and is filed pursuant to this Item 7.01 and Regulation FD.
Item 9.01 Financial Statements and Exhibits.
99.1 | Our press release dated December 9, 2021 |
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused and authorized this report to be signed on its behalf by the undersigned.
Dated: December 9, 2021
Inter Parfums, Inc. | ||
By: | /s/ Russell Greenberg | |
Russell Greenberg, | ||
Executive Vice President and | ||
Chief Financial Officer |
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Exhibit 99.1
FOR IMMEDIATE RELEASE
INTER PARFUMS, INC. INCREASES 2021 SALES GUIDANCE TO $840 MILLION AND EPS TO $2.45
New York, New York, December 9, 2021 Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it is once again raising its 2021 guidance. The Company now looks for net sales to come in at a record $840 million, resulting in net income of $2.45 per diluted share. Previous guidance called for net sales of $810 million resulting in net income of $2.35 per diluted share.
Inter Parfums attributed this increase, its fourth since it announced initial guidance on December 1, 2020, to its European operations, where despite continuing supply chain disruptions, the pace of deliveries has remained high in recent weeks, driven by sustained customer demand.
Jean Madar, Chairman and CEO of Inter Parfums, Inc. commented, “While our growth has been stronger than expected during the last few months of this year, in light of the current lack of visibility, we have decided for the time being to maintain our 2022 guidance with net sales in the range of $925 and $950 million, resulting in net income per diluted share of between $2.80 and $2.85.”
Founded in 1982, Inter Parfums, Inc. develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Dunhill, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, MCM, Moncler, Montblanc, Oscar de la Renta, S.T. Dupont and Van Cleef & Arpels. Inter Parfums is also the owner of Lanvin fragrances and the Rochas brand. Through its global distribution network, the Company’s products are sold in over 120 countries.
Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. In some cases you can identify forward-looking statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would," or similar words. You should not rely on forward-looking statements, because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Inter Parfums' annual report on Form 10-K for the fiscal year ended December 31, 2020 and the reports Inter Parfums files from time to time with the Securities and Exchange Commission. Inter Parfums does not intend to and undertakes no duty to update the information contained in this press release.
Contact at Inter Parfums, Inc. | -or- | Investor Relations Counsel |
Russell Greenberg, Exec. VP & CFO | The Equity Group Inc. |
(212) 983-2640 | Devin Sullivan (212) 836-9608/dsullivan@equityny.com |
rgreenberg@interparfumsinc.com | Linda Latman (212) 836-9609/llatman@equityny.com |
www.interparfumsinc.com | www.theequitygroup.com |
Cover |
Dec. 08, 2021 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Dec. 09, 2021 |
Entity File Number | 0-16469 |
Entity Registrant Name | Inter Parfums, Inc. |
Entity Central Index Key | 0000822663 |
Entity Tax Identification Number | 13-3275609 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 551 Fifth Avenue |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10176 |
City Area Code | 212. |
Local Phone Number | 983.2640 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $.001 par value per share |
Trading Symbol | IPAR |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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