On November 12, 2024, Interparfums Inc. announced its initial guidance for the upcoming fiscal year ending December 31, 2025. The company is projecting to earn $1.45 billion by the end of 2024 and $1.51 billion by the end of 2025.
Jean Madar, chairman and chief executive officer, stated, “We have a strong lineup of new pillars and extensions coming to market throughout the coming year, but expect a more modest growth rate of 4% in both net sales and earnings per diluted share as compared to our 2024 guidance. As we have done historically, we are taking a conservative approach to our forecasting, while navigating the evolving dynamics of the fragrance market and considering the potential impacts of ongoing geopolitical conflicts in key markets as well as any policy changes from the recent United States election.”
Madar continued, “Come January, Lacoste and Roberto Cavalli fragrance sales will have been in our portfolio for a full year. Therefore, our growth next year will be primarily driven by our established brands and the latest innovation across our prestige portfolio. 2025 will also stand out for the creation of the proprietary brand Solférino, a collection of 10 fragrances developed by star perfumers and intended for the niche fragrance market. This high-luxury collection will initially launch through an ultra-selective distribution channel and our first-ever boutique, entirely dedicated to the brand, which should be up and running by the end of next year.”
Commenting on operations in the United States, Madar said, “We will introduce a new men’s blockbuster for GUESS, Iconic, plus extensions for several GUESS fragrance families to leverage the strong momentum we have achieved for this brand. For MCM, we plan to unveil a new four-scent collection and a new look and scent for the backpack pillar, MCM Diamond, in the first half of 2025. Furthermore, we will be expanding Ferragamo through the development of a new pillar, Fiamma, as well as an extension for Ferragamo Men later in the year.”
Madar concluded, “Our initial 2025 guidance reflects our prudent outlook, considering the various factors currently influencing the fragrance market. We are confident that 2025 is poised to be another record-setting year, and will provide updates early next year as we gain greater. visibility, particularly following the performance of the 2024 holiday season and the initial orders for 2025.”
