Interparfums, Inc. reported diluted earnings per share (EPS) of $1.32 for the first quarter ended March 31, 2025, a 4% year-over-year increase. This performance exceeded analyst estimates, underscoring the strength of the company's business model. Consolidated gross margin for the quarter improved by 120 basis points to 63.7% from 62.5% in the prior period.
Operating income increased 10% to $75 million, resulting in an operating margin of 22.2%, up from 21.0% in the first quarter of 2024. The company's operating cash flow significantly improved by $45 million, reducing cash used in operating activities from $52 million in the prior year period to $7 million in the first quarter 2025.
Interparfums reaffirmed its 2025 guidance of $1.51 billion in net sales and $5.35 diluted EPS, a 4% increase for both metrics. The company also announced plans for 4% to 6% price increases on select brands and regions in August 2025 to mitigate potential impacts from recent tariffs, alongside efforts to align its supply chain footprint to the countries where products are sold.
The company highlighted the upcoming launch of its proprietary Solférino collection in summer 2025 and the commercialization of Off-White and Annick Goutal brands in 2026. These initiatives are part of a broader strategy to expand its portfolio of high-end fragrance brands and strengthen its market position.
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