Published on 6 May 2024 on Zacks via Yahoo Finance
Inter Parfums (IPAR) Q1 Earnings Coming Up: What's in Store?
Inter Parfums, Inc. IPAR is likely to see a bottom-line decline when it reports first-quarter 2024 earnings on May 7. The consensus mark for quarterly earnings has declined by 4.9% in the past 30 days to $1.56 per share. This indicates a decrease of 7.1% from the year-ago quarter’s reported figure. However, IPAR has a trailing four-quarter earnings surprise of 16.4%, on average.
Factors to Note
Inter Parfums has been battling elevated SG&A costs for a while. The company has been undertaking heightened investments in advertising and promotion to support its brand. For 2024, the company remains dedicated to crafting compelling omnichannel advertising and promotional initiatives aimed at re-engaging loyal brand followers and captivating influential fragrance enthusiasts with its latest additions to the fragrance portfolio. Although such investments are likely to contribute to growth, they might have put pressure on profits in the quarter under review.Additionally, management’s guidance for 2024 includes expectations of uncertainty associated with the political environment in the Middle East and Eastern Europe, which also raises concerns for the impending quarter. That said, the company has been benefiting from the strength of its brands and favorable fragrance market trends. Inter Parfums’ focus on bolstering brands through innovation, licensing deals and product launches has been working well.