Inter Parfums, Inc. Reports 2021 Second Quarter Results
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Go back to Inter Parfums, Inc. Reports 2021 Second Quarter Results
August 11, 2021 9:33 AM EDT
BWS Financial analyst Hamed Khorsand raised the price target on Inter Parfums (NASDAQ: IPAR) to $100.00 (from $80.00) while maintaining a Buy rating.
The analyst commented, "The increase in demand IPAR is experiencing should spill over into 2022 with new fragrance releases and the inclusion of... More
August 9, 2021 4:21 PM EDT
Inter Parfums (NASDAQ: IPAR) reported Q2 EPS of $0.71, $0.48 better than the analyst estimate of $0.23. Revenue for the quarter came in at $207.6 million versus the consensus estimate of $149.01 million.
Jean Madar, Chairman & CEO of Inter Parfums, Inc. noted, Once again, last years outbreak of the COVID-19 pandemic and the business conditions that ensued make comparisons with the very depressed second quarter of 2020 mostly irrelevant. Far more meaningful is a comparison with the second quarter of 2019 and the operating leverage resulting from the nearly 25% increase in net sales in 2021.
He continued, Through the first... More
