Inter Parfums' fiscal year 2022 net sales increased 24% year-over-year to $1.087 billion.
Fourth quarter 2022 net sales also increased 47% year-over year to $311 million.
2023 net sales are projected to reach $1.2 billion, 10% ahead of 2022 net sales.
The former 2023 guidance called for net sales of $1.15 billion.
Jean Madar, chairman and CEO of InterParfums, Inc. said, “2022 was a milestone year, as we crossed $1 billion in net sales, with all regions contributing to our growth. Our largest region, North America achieved sales growth of 22%. All major brands (Montblanc, Jimmy Choo, Coach) grew by double digits. 2022 net sales were also buoyed by a full year of Moncler; our debut product for the brand launched late in 2021. With sales up 58%, our U.S. operations produced exceptional gains in 2022. GUESS brand sales rose by 24%, Oscar de la Renta by 19%, Abercrombie & Fitch by 28%, and Hollister by 16%. Newer brands such as Ferragamo were included for all of 2022, but only in the final quarter of 2021. Donna Karan and DKNY sales were consolidated starting in July of 2022. Removing newly added brands, like-for-like 2022 sales rose 24%.”