Inter Parfums backs FY18 EPS $1.44, consensus $1.43
Backs FY18 revenue $620M, consensus $625.87M. CFO Russell Greenberg says: "Once we purchase the GUESS inventory from the brand's former licensee and determine how long it will take to build new inventory, we plan to increase our 2018 guidance to factor in the GUESS contribution, which we anticipate will begin in the second quarter of the year. Our target date for announcing the expected increase in our sales and earnings guidance to include GUESS is when we announce 2018 first quarter results in May. Thus for the time being, we are maintaining our previously disclosed 2018 guidance which calls for net sales of approximately $620 million and net income attributable to Inter Parfums, Inc. of approximately $1.44 per diluted share."