Inter Parfums, Inc. Reports 2021 Second Quarter Results
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Inter Parfums (IPAR) PT Raised to $100 at BWS Financial
August 11, 2021 9:33 AM EDTBWS 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
Inter Parfums (IPAR) Tops Q2 EPS by 48c; Reaffirms
August 9, 2021 4:21 PM EDTInter 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
