Inter Parfums, Inc., through its various subsidiaries, is engaged in the global development, marketing, and distribution of perfumes and related scented merchandise. ...
Inter Parfums, Inc. was founded in 1982 (originally as Jean Philippe Fragrances) and is headquartered in New York City. The company develops, manufactures, and distributes prestige perfumes and cosmetic products through its subsidiaries in Europe and the United States. Its business model centers on exclusive worldwide licenses with luxury and ...Inter Parfums, Inc. was founded in 1982 (originally as Jean Philippe Fragrances) and is headquartered in New York City. The company develops, manufactures, and distributes prestige perfumes and cosmetic products through its subsidiaries in Europe and the United States. Its business model centers on exclusive worldwide licenses with luxury and fashion brands, offering a wide array of fragrances under names such as Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Moncler, Montblanc, Rochas, Van Cleef & Arpels, and many more. In addition, it owns proprietary brands like Intimate and Aziza. Products are sold through department stores, specialty retailers, travel retail (duty-free), beauty chains, wholesale partners, and an expanding e-commerce platform. As of the latest data, the company has approximately 662 full-time employees. Its leadership includes co-founders Jean Madar (Chairman) and Philippe Benacin (CEO), with Russell Greenberg as CFO. Financially, Inter Parfums demonstrates strong performance with a market cap of about $3.94 billion, revenue per share of $46.89, and a net profit margin of 11.2%. It maintains a solid balance sheet with low debt (debt-to-equity ratio of 0.189) and a healthy current ratio of 3.31. The company returns value to shareholders via a dividend yield of 2.6% and a payout ratio of 76.4%. With a focus on innovation and brand partnerships, Inter Parfums continues to expand its global footprint, including a growing online presence, while maintaining high gross margins of 63.8% and efficient capital allocation.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.5B
+2.5%
-1.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$168.4M
+2.5%
-29.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+63.6%
-0.3%
+0.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+18.2%
-4.0%
-33.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+11.3%
-0.0%
-28.9%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$190.5M
+4.1%
+3586.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+12.8%
+1.6%
+3625.7%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
25.4%
-1.6%
-8.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.99x
+8.5%
+1.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Greetings, and welcome to Interparfums 2026 Conference Call and Webcast. I would now like to turn the conference over to your host, Mr. Devin Sullivan. Thank you. You may begin. Devin Sullivan Thank you, Rob, and good morning, everyone. Joining us on the call today will be Chairman and Chief Executive Officer, Jean Madar; and Chief Financial Officer, Michel Atwood. As a reminder, this conference call may contain forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from projected results. These factors may be found in the company's filings with the Securities and Exchange Commission under the headings Forward-Looking Statements and Risk Factors. Forward-looking statements speak only as of the date on which they are made, and Interparfums undertakes no obligation to update the information discussed. Interparfums' consolidated results include 2 business segments, European-based operations through Interparfums SA, the company's 72% owned French subsidiary and United States-based operations. It is now my pleasure to turn the call over to Jean Madar. Jean, please go ahead.
Jean Madar: Thank you, Devin, and good morning, everyone, and thank you for joining us on today's call. We are pleased -- very pleased with our performance at the midpoint of the year, which reflects the appeal of our global brand portfolio and the strength of our underlying business and also the disciplined execution and also the continued dedication of our team. Despite the challenges that persist in our business and industry, these results gives me confidence in our ability to deliver on our full year objectives and continue on the path towards creating long-term value for our shareholders. So we delivered 2% sales growth in both the second quarter and first half of 2026, supported by strong performance from several of our leading brands and a strong rebound in our United States-based operation of an admittedly weak comparison. Excluding the war-related headwinds in the Middle East, organic sales advanced 4% in the quarter and 1% year-to-date. And we maintained a robust financial position while continuing to invest in product initiatives that position us well for the balance of the year and beyond. Consolidated sales growth in the first half of the year reflects strong brand execution and solid performance in select regions, partially offset by macro and regional headwinds. North America, our largest market, was up 5%, propelled by a healthy category, a steady cadence of new extensions, most notably from Coach and marketing investments that are clearly paying off. Asia Pacific was a highlight, up 14% as initiatives supporting Coach and Montblanc took hold. GUESS extended its footprint in Australia and New Zealand and our new Korean affiliate got off to an excellent start after several years of uneven results in the region. We are also encouraged that consumers across …