Interparfums, Inc. reported record net sales for the fourth quarter and full year ended December 31, 2024. Fourth-quarter net sales increased 10% to $362 million, contributing to full-year net sales of $1.45 billion, which also represents a 10% increase from 2023 and met the company's sales goal.
Growth was broad-based across the portfolio, with top-performing brands like GUESS on track to exceed $200 million in annual sales in the foreseeable future. The newest brands, Lacoste and Roberto Cavalli, contributed 8% to consolidated quarterly sales growth and 9% for the full year, with Lacoste achieving $85 million in net sales in its first year.
Donna Karan/DKNY became the fifth brand in the prestige portfolio to exceed $100 million in sales, with net sales increasing 10% in Q4 and 9% for the full year. The company also reaffirmed its full-year 2024 earnings per diluted share target of $5.15, excluding a non-recurring impairment charge of approximately $0.07 per diluted share.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.