The Donna Karan, Jimmy Choo and MCM fragrance licence holder saw a 47% net sales uptick in Q4 2022
For the three months ended 31 December 2021 Inter Parfums' net sales hit USD311m
For the three months ended 31 December 2021 net sales rose to US$311m, up from $211m in Q4 2021.
At comparable foreign currency exchange rates, consolidated fourth quarter net sales increased 57%.
“The fourth quarter of 2022 was exceptionally strong, ushering in the best year in our history,” commented Jean Madar, Chairman & CEO of Inter Parfums.
“In the final quarter of the year, our four largest brands, Montblanc, Jimmy Choo, Coach and Guess?, generated sales gains of 50%, 78%, 82% and 28%, respectively, compared to the same period one year earlier.”
For the full year 2022, Inter Parfum’s net sales hit $1.087bn, up 24% on 2021.
“For 2022 as a whole, our European operations grew sales by 26% in euros or 12% in dollars,” added Madar.
“The year-over-year gains, in both euro and dollars, are all the more impressive considering our new product pipeline was dominated by flankers and extensions.
“However, we did bring to market several entirely new lines, including our first ever Moncler duo, Kate Spade Sparkle, Singulier by Boucheron and Open Road and Wild Rose by Coach. “
Inter Parfums further benefitted from its licence win for Donna Karan and DKNY in August last year.
According to Madar, Donna Karan and DKNY contributed to 14% of the company’s US-based sales growth in 2022.
The company believes 2023 will be “a great year, a productive year and a demanding year”, added Madar.
“For our European operations, we will be rolling out new pillars for Kate Spade, Coach and Moncler,” he said.
“For our US operations, we have a duo debuting for the Hollister brand and our first men’s scent for MCM.”
He added that Inter Parfums also plans to use this year to prepare the takeover of the Lacoste fragrance business in January 2024.
The signing of the 15-year perfume deal followed Lacoste’s buyback of its fragrance licence from Coty.
According to Madar, the deal will open “new avenues of growth and development thanks to its scale and unique positioning as a fashion sports brand”.