Overview
- Interparfums forecast 2026 net sales of $1.48 billion with diluted EPS of $4.85, implying about 1% sales growth and a 5% earnings decline versus its 2025 guidance.
- Shares fell roughly 9% after the company trimmed its 2025 outlook and released conservative 2026 targets.
- Interparfums SA guided to about €890 million in 2025 sales at current rates, or €900 million at constant currency, and flagged a likely €20 million negative euro–dollar effect next year plus the end of the Boucheron license.
- The company attributed muted near‑term results to one‑time 2025 tax gains, tariffs, foreign exchange pressures, and investment in newly acquired brands Off‑White and Longchamp.
- Planned rollouts include adding roughly 50 Solférino doors in the first half of 2026, restarting distribution of redesigned Goutal fragrances in 2026, and beginning Off‑White and Longchamp distribution in 2027, which management says should support a 2027 recovery.