Inter Parfums reports Q4 adjusted EPS 14c, consensus 11c
Reports Q4 revenue $149.5M, consensus $149.6M. Gross margin was 66.1% compared to 63.7%. CEO Jean Madar says: "In 2017, we grew our footprint in all of our markets. North America became our largest market with year-over-year sales gains of 19%. Second place Western Europe grew sales by 8% as did our third largest market, Asia. Central and South America, the Middle East and Eastern Europe achieved comparable year sales growth of 16%, 21% and 20%, respectively. Regarding European based operations, our three largest brands all posted growth for the year, with Montblanc up 4%, Jimmy Choo up 20%, and Lanvin up 5%. In fact, in 2017, Jimmy Choo fragrance sales topped the $100 million mark joining Montblanc in that exclusive club. Our newer brands performed exceptionally well last year, with Coach and Rochas brand sales growing 149% and 34%, respectively, versus one year earlier. Of note, our first Coach fragrance only launched mid-2016, and today that brand is our fourth largest, which was achieved without a legacy fragrance business. As we've reported, we have several brand extensions launching this year, including Coach Floral and Lanvin Modern Princess Eau Sensuelle, both of which recently debuted, plus new extensions for Lanvin's Eclat d'Arpege and Coach for Men."