Interparfums | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 341 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 341 M, beating the estimate of USD 334.97 M.
Net Sales Overview
Interparfums, Inc. reported total net sales of $341 million for the three months ended June 30, 2026, a 2% increase compared to $334 million in the prior year period. For the six months ended June 30, 2026, total net sales were $686 million, also up 2% from $673 million in the same period of 2025.
Segment Revenue
European Based Operations
Net sales from European based operations were $231 million for the second quarter of 2026, a -4% decrease from $241 million in the second quarter of 2025. For the first half of 2026, European based net sales were $483 million, a -1% decrease from $488 million in the first half of 2025. The second quarter decline reflected an organic decrease of 5%, partially offset by a 1% positive foreign exchange impact, while first half sales were down 1% despite a 3% positive foreign exchange contribution.
United States Based Operations
Net sales from United States based operations increased by 18% to $113 million in the second quarter of 2026, up from $96 million in the prior year period. For the first half of 2026, United States based net sales grew 10% to $209 million, from $190 million in the first half of 2025. This growth included 17% organic growth and a 1% positive foreign exchange impact for the second quarter, and 8% organic growth with a 2% favorable foreign exchange impact for the first half.
Eliminations of Intercompany Sales
Eliminations of intercompany sales were - $3 million for the second quarter of 2026, compared to - $2 million in the second quarter of 2025. For the first six months of 2026, eliminations were - $6 million, consistent with - $6 million in the first six months of 2025.
Operational Metrics
Foreign Exchange Impact
The average dollar/euro exchange rate for the second quarter of 2026 was 1.16, compared to 1.13 in the second quarter of 2025, leading to a positive 1% foreign exchange impact. For the first six months of 2026, the average dollar/euro exchange rate was 1.17, compared to 1.09 in the first six months of 2025, resulting in a positive 3% foreign exchange impact.
Impact of Geopolitical Events
The war in the Middle East represented a headwind of 3% in the second quarter and 2% for the first six months of the year. Excluding this effect, organic sales increased 4% in the second quarter and 1% for the first six months of the year.
Brand Performance
- Jimmy Choo fragrance sales rebounded 23% in the second quarter, leading to 8% growth in the first half of 2026.
- Coach fragrance sales declined 8% in the second quarter but rose 10% in the first half of 2026.
- Montblanc fragrance sales were essentially flat in the second quarter and increased 6% in the first half of the year.
- Lacoste fragrance sales declined 19% and 16% during the second quarter and first half of 2026, respectively.
- GUESS fragrance sales rose 10% in the second quarter and 11% in the first half of 2026.
- Donna Karan/DKNY fragrance sales increased 28% in the second quarter and 12% in the first half of 2026.
- Ferragamo fragrance sales increased 41% in the second quarter and 17% in the first half of 2026.
- Roberto Cavalli fragrance sales declined 9% in the second quarter but increased 8% in the first half of 2026.
Outlook/Guidance
Interparfums, Inc. management expressed cautious optimism, highlighting planned fragrance extensions for the second half of 2026 and blockbuster launches for 2027 and 2028, including a third Montblanc franchise. The company believes it is well-positioned for continued growth due to its business model, innovation pipeline, and disciplined execution, despite a dynamic operating environment. Future launch plans are also in place for Lacoste’s marketing and innovation for 2027 and 2028.