Interparfums Inc

NASDAQ:IPAR

Sales: Interparfums reported 2% sales growth in both the second quarter and first half of 2026, helped by a rebound in its U.S. business and strong growth in Asia Pacific and North America.

Outlook: Management kept full-year 2026 guidance unchanged at about $1.48 billion in sales and $4.85 in diluted EPS, while saying it remains cautiously optimistic about the second half.

Margins: First-half gross margin improved to 65.3%, supported by mix, lower destruction costs and tariff refunds, though tariffs still pressured costs.

Brand momentum: Coach, Montblanc, Jimmy Choo, GUESS, Ferragamo and Donna Karan all posted solid growth, while Middle East exposure and softer Europe held back the overall result.

2027 pipeline: Management said 2027 should be a major launch year, with blockbuster launches planned across Coach, Montblanc, GUESS and Jimmy Choo, plus new brands Longchamp and Off-White.

Capital use: The board authorized a share repurchase program and a related line of credit of up to $250 million, adding flexibility while the company continues to prioritize reinvestment in growth.