Interparfums (ITP) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 sales reached €235.5m, up 10.7% at current exchange rates and 8.8% at constant rates year-over-year.

• Growth achieved despite economic and geopolitical uncertainties since mid-March.

• Strong performance from Jimmy Choo (+40%), Lacoste (+34%), and Coach (+15%) offset a decline in Montblanc (-14%).

• Strong brand portfolio, new licensing agreements, and launches support continued confidence in sales and earnings growth.

Financial highlights

• Total Q1 2025 sales: €235.5m, up 11% year-over-year.

• Jimmy Choo contributed €62.6m (+40%), Coach €52.7m (+15%), Montblanc €46.2m (-14%), Lacoste €25m (+34%).

• Karl Lagerfeld sales surged 67% to €8.6m; Lanvin and Rochas grew 15% and 13% respectively.

• Total sales rose to €235.5m from €212.7m in Q1 2024.

• Coach, Jimmy Choo, and Lacoste growth driven by successful launches and sustained demand.

Outlook and guidance

• Strategy to continue consistent brand development and relaunch Lacoste fragrances.

• Expansion into haute parfumerie with Van Cleef & Arpels, Solférino, and Annick Goutal.

• Price increases of 6–7% in the US planned from August 1, 2025, to offset new tariffs.

• Currency hedging at $1.04/€1.00 expected to limit negative impacts.

• Management expresses confidence in continued growth, citing business model flexibility and new brand additions.