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 | Source: Interparfums, Inc.

NEW YORK, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) (“Interparfums” or the “Company”) today announced that it has entered into an exclusive, worldwide license agreement with sports company PUMA for the creation, development, production, and distribution of fragrances under the PUMA brand name.   

Interparfums plans to introduce this new signature lifestyle fragrance in 2027 under a license agreement that runs through December 31, 2037.

“PUMA is an iconic global brand that connects world-class athletic performance with culture, fashion, and everyday lifestyle,” said Jean Madar, Chairman and Chief Executive Officer of Interparfums. “Through its innovative products, deep relationships with elite athletes and teams, and disruptive collaborations across design and popular culture, PUMA has built relevance well beyond the field of play and established a formidable presence in key markets around the world. We look forward to translating this cultural significance into a new fragrance that extends the PUMA brand and engages consumers across markets, generations, and style preferences.”

“We are delighted for PUMA to join the Interparfums brand portfolio,” said Nina Jacobsen Director Licensed Business at PUMA. “Interparfums has built an exceptional reputation for translating the essence of iconic brands into distinctive fragrance experiences, supported by a proven record of execution, global reach, and deep understanding of consumers. Together, we expect to leverage PUMA’s cultural relevance, energy and global brand appeal to create a fragrance that will be embraced by consumers around the world.”

About PUMA
PUMA is one of the world’s leading sports brands, designing, developing, and selling footwear, apparel and accessories. Founded in 1948, PUMA helps the world’s best athletes and teams perform at their best with its innovative products. Known for its iconic cat logo and the Formstrip, the company offers performance products in categories such as Football, Running and Training. Its Sportstyle collections are rooted in sports and inspire consumers by celebrating sports culture. With its long history and strong heritage, PUMA is proud of having one of the strongest archives in the industry, with many iconic products such as the Suede and the Speedcat. The PUMA Group owns the brands PUMA, Cobra Golf and stichd. The company distributes its products in over 120 countries, employs around 20,000 people and is headquartered in Herzogenaurach/Germany.

About Interparfums, Inc.:
Operating in the global fragrance business since 1982, Interparfums, Inc. produces and distributes a wide array of prestige fragrance and fragrance related products under license and other agreements with brand owners. The Company manages its business in two operating segments, European based operations, through its 72% owned subsidiary, Interparfums SA, and United States based operations, through wholly owned subsidiaries in the United States and Italy.

Our licensed portfolio of prestige brands includes Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Donna Karan/DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, Longchamp, MCM, Moncler, Montblanc, Oscar de la Renta, Puma, Roberto Cavalli, and Van Cleef & Arpels, whose products are distributed in over 120 countries around the world through an extensive and diverse network of distributors. Interparfums, Inc. is also the registered owner of several trademarks including Annick Goutal, Lanvin, Off-White, Rochas, and Solférino.

Forward-Looking Statements:
Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions, or expectations will be achieved. In some cases, you can identify forward-looking statements by forward-looking words such as "anticipate,” "believe", "could", "estimate", "expect", "intend", "may", "should", "will", and "would" or similar words. You should not rely on forward-looking statements, because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Interparfums' annual report on Form 10-K for the fiscal year ended December 31, 2025, and the reports Interparfums files from time to time with the Securities and Exchange Commission. Interparfums does not intend to and undertakes no duty to update the information contained in this press release.

Contact Information:

Second Quarter Net Sales Rose to $341 Million with Diluted EPS of $0.95; First Half Net Sales Increased to $686 Million with Diluted EPS of $2.31  

Quarterly Cash Dividend of $0.80 Per Share to be Paid on September 30, 2026

NEW YORK, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) (“Interparfums” or the “Company”) today reported results for the second quarter and six months ended June 30, 2026.

Financial Highlights:
($ in millions, except per share amounts)
Three Months Ended
June 30,Six Months Ended
June 30,  2026  2025 % Change 2026  2025 % ChangeNet Sales$341 $334 +2% $686 $673 +2% Gross Margin 65.5%  66.2% (70) bps 65.3%  65.0% +30 bpsOperating Income$49 $59 (17%) $123 $134 (8%) Operating Margin 14.4%  17.7% (330) bps 17.9%  20.0% (210) bpsNet Income attributable to Interparfums, Inc.$30 $32 (5%) $74 $74 (1%) Diluted EPS$0.95 $0.99 (4%) $2.31 $2.32 (1%) The average dollar/euro exchange rate for the 2026 second quarter was 1.16 compared to 1.13 in the 2025 second quarter, while 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, leading to positive 1% and 3% foreign exchange impacts for the second quarter and first six months of 2026, respectively.
Data may not foot due to rounding.
Operational Commentary
Jean Madar, Chairman & Chief Executive Officer of Interparfums, stated, “Our results at the midpoint of the year reflect the benefits of a diversified brand portfolio, the continued strength of the global fragrance category, and steady consumer demand. Despite certain geopolitical and regional pressures, we delivered top-line growth, benefited from strong performance by several of our top brands, and further improved our robust financial position. At the same time, we continued to invest in product initiatives and advertising and promotion that position us well for the balance of the year and beyond.

“During the first half of 2026, consolidated net sales increased 2%, supported by growth in North America, Asia/Pacific and Central and South America. Sales in North America, our largest market, rose 5%, driven by ongoing market growth, new brand extensions, particularly for Coach, and effective marketing and advertising investments. Asia/Pacific sales increased 14% thanks to Coach and Montblanc brand initiatives, GUESS sales expansion in Australia/New Zealand, and strong results from our new Korean affiliate after several years of uneven performance in that market. Central and South America sales rose 15% on the success of Coach’s women’s and men’s franchises and Montblanc’s Legend line. Total growth was partially offset by a 7% decrease in Eastern Europe due to operational challenges in certain countries, which disproportionately impacted Lanvin and Lacoste, and a 24% decline in the Middle East and Africa due primarily to the ongoing war in the Middle East.  

“By brand, first half 2026 sales grew across several of our key franchises and geographies. For brands managed by our European based operations, Coach increased 10%, Jimmy Choo rose 8%, and Montblanc grew 6%. In contrast, Lacoste declined 16%, reflecting a high sales comparison in the prior year period and ongoing challenges in Eastern Europe.   For brands managed by our United States-based operations, GUESS grew 11%, Donna Karan/DKNY rose 12%, Ferragamo increased 17%, and Roberto Cavalli grew 8%.”

Continued Portfolio-Wide Innovation
Mr. Madar continued, “We've continued to introduce new line extensions across our brand portfolio, expanding our market reach and broadening our appeal to new audiences. During the second quarter, these included: GUESS, Iconic Blue for men; Lacoste, L.12.12 Bleu for men; Ferragamo, Fiamma Assoluta for women; Rochas, Audace Le Parfum for women; MCM, Cozy Cat for men and women, and Roberto Cavalli, Marbleous Cypress for men and women.

“Looking ahead, we have an extensive lineup of additional extensions and collections scheduled for launch in the second half of this year, which should enable us to maintain the same momentum we had in the first half. We also remain on track with major initiatives that will lay the groundwork for a series of blockbuster launches across our brand portfolio in 2027 and 2028.”

Closing Remarks
Mr. Madar concluded, “We believe our strategy and proven expertise position us to navigate near-term uncertainty while building durable, long-term success. Our customers, brand partners, and consumers remain at the center of every decision we make. By maintaining operational discipline and executing smartly, we are positioning the business to fully capitalize on the opportunities ahead.”

Financial Commentary
Michel Atwood, Chief Financial Officer of Interparfums, noted, “We delivered measured top-line growth in the second quarter and first half of 2026, while improving cash conversion, and strengthening inventory efficiency. We have improved our strong financial position and continue to return capital to shareholders through our disciplined cash management and capital allocation strategy.”

Consolidated sales rose 2% in both the second quarter and first half of 2026. Organic sales rose 1%, but declined 1% in second quarter and first half, respectively. Excluding headwinds due to the war in the Middle East, organic sales for these periods rose 4% in the second quarter and 1% in the first half.

The effect of prior-year performance dynamics impacted 2026 period comparisons. United States based operations in the second quarter of 2025 were adversely impacted by a weak innovation program and tariff-related supply chain disruptions, creating a favorable comparison base for the current second quarter. Conversely, European based operations sales in the second quarter of 2026 competed against high growth comparison in the prior year period.

Sales from European based operations declined 4% in the second quarter of 2026, as a 5% organic decline was partially offset by foreign exchange. First half sales declined 1% which included a 5% organic decline partially offset by a foreign exchange tailwind. Sales from our United States based operations grew 18% in the 2026 second quarter, driven by 17% organic growth off a soft 2025 base. This performance lifted first half 2026 sales by 10%, of which 8% was organic growth.

Consolidated gross margin in the first half of 2026 rose 30-basis points to 65.3% from 65.0% for the same prior year period. The increase was the result of favorable segment, brand and channel mix as well as lower than expected destruction costs driven by our inventory efficiency programs, which were partially offset by higher net tariff expense.

Selling, General and Administrative (“SG&A”) expenses as a percentage of sales rose to 51.2% and 47.4% in the second quarter and first half of 2026, respectively, compared to 48.5% and 45.0% during the prior year periods. The increases were primarily due to higher brand marketing spending, royalty costs growing ahead of sales driven by unfavorable brand mix, as well as higher logistics costs related to supply chain transitions and channel mix.

Advertising and promotional (“A&P”) expenses in the second quarter and first half of 2026 rose to $77 million and $129 million, representing 22.6% and 18.8% of sales, compared to 20.6% and 17.9% of sales during the respective prior year periods. We are reinvesting the tariff refunds to protect our top-line growth and position the Company for a successful 2027; as such, we anticipate that on a full year basis, our 2026 A&P expenditures will approach our long-term target of approximately 21% of net sales.

Operating margins in the second quarter and first half of 2026 declined to 14.4% and 17.9%, as compared to 17.7% and 20.0% for the corresponding periods of 2025.

Consolidated effective tax rate for the first half of 2026 was stable at 24.2% compared to 24.3% in the prior year period.

Q2 2026 net income was $30 million, or $0.95 per diluted share, compared to $32 million or $0.99 in the prior year, while first half net income held stable at $74 million, or $2.31 per diluted share, compared to $2.32 a year ago. As a percentage of sales, net income declined to 8.9% in Q2 2026 and 10.8% in the first half of 2026.

Strong Financial Position, Favorable Cash Conversion Dynamics, and Efficient Operations
Mr. Atwood continued, “As of June 30, 2026, we reported $211 million in cash, cash equivalents and short-term investments, and working capital of $664 million. We continued to enhance our cash conversion cycle in the first half of 2026, with operating cash flow reaching $46 million, or 49% of net income, up from $5 million, or 5% of net income, in the prior year period. We made further progress on enhancing our inventory productivity, reducing total inventory levels by 12% compared to the prior year period, translating to a reduction of 34 days inventory on hand to 269 days as we continue to drive inventory efficiencies and work to increase conversion of raw materials into finished goods. Long-term debt approximated $143 million.”

Reaffirms 2026 Guidance

Mr. Atwood concluded, “We are maintaining our 2026 outlook of $1.48 billion in sales and EPS of $4.85. Our EPS guidance includes the expected benefits of the $17.6 million of tariff refunds received this year, including $8.7 million in the second quarter of 2026, which is enabling us to reinvest in A&P and offset higher than expected tariff and logistic costs. While we remain mindful of external pressures, our outlook for the remainder of 2026 is supported by the resilience of our business model, the expanding reach of our brand portfolio, and our ongoing efforts to offset macroeconomic headwinds. We continue to monitor global conditions, including the war in the Middle East, inflation-related supplier pricing, and shifts in consumer demand. We remain confident in the strength of our plans for 2027 and 2028.”

Guidance assumes that the average dollar/euro exchange rate remains at current levels.

Dividend

The Company’s regular quarterly cash dividend of $0.80 per share will be paid on September 30, 2026, to shareholders of record on September 15, 2026.

Conference Call
Management will host a conference call to discuss financial results and business operations beginning at 11:00 am ET on Wednesday, August 5, 2026.

Interested parties may participate in the live call by dialing:
U.S. / Toll-free: (877) 423-9820
International: (201) 493-6749

Participants are asked to dial-in approximately 10 minutes before the conference call is scheduled to begin.
A live audio webcast will also be available in the “Events” tab within the Investor Relations section of the Company’s website at www.interparfumsinc.com, or by clicking here. The conference call will be available for webcast replay for approximately 90 days following the live event.

About Interparfums, Inc.:

Operating in the global fragrance business since 1982, Interparfums, Inc. produces and distributes a wide array of prestige fragrance and fragrance related products under license and other agreements with brand owners. The Company manages its business in two operating segments, European based operations, through its 72% owned subsidiary, Interparfums SA, and United States based operations, through wholly owned subsidiaries in the United States and Italy.

Our licensed portfolio of prestige brands includes Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Donna Karan/DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, Longchamp, MCM, Moncler, Montblanc, Oscar de la Renta, Roberto Cavalli, and Van Cleef & Arpels, whose products are distributed in over 120 countries around the world through an extensive and diverse network of distributors. Interparfums, Inc. is also the registered owner of several trademarks including Annick Goutal, Lanvin, Off-White, Rochas, and Solférino.

Forward-Looking Statements:
Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions, or expectations will be achieved. In some cases, you can identify forward-looking statements by forward-looking words such as "anticipate,” "believe", "could", "estimate", "expect", "intend", "may", "should", "will", and "would" or similar words. You should not rely on forward-looking statements, because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Interparfums' annual report on Form 10-K for the fiscal year ended December 31, 2025, and the reports Interparfums files from time to time with the Securities and Exchange Commission. Interparfums does not intend to and undertakes no duty to update the information contained in this press release.

Contact Information:

Interparfums, Inc.orThe Equity Group Inc.Michel Atwood Devin Sullivan: (212) 836-9608 /[email protected] Financial Officer Conor Rodriguez: (212) 836-9628 /[email protected](212) 983-2640 www.theequitygroup.comwww.interparfumsinc.com   See Accompanying Tables

INTERPARFUMS, INC. AND SUBSIDIARIES
 CONDENSED CONSOLIDATED BALANCE SHEETS
 (In thousands except share and per share data)
 (Unaudited)AssetsJune 30, 2026
 December 31, 2025
Current assets:     Cash and cash equivalents$169,704  $158,091 Short-term investments 41,642   137,093 Accounts receivable, net 301,833   320,625 Inventories 375,584   351,377 Receivables, other 8,963   9,014 Other current assets 49,489   39,954 Income taxes receivable 3,755   11,211 Total current assets 950,970   1,027,365 Property, equipment and leasehold improvements, net 176,170   184,891 Right-of-use assets, net 20,685   23,347 Trademarks, licenses and other intangible assets, net 311,922   325,185 Deferred tax assets 9,848   4,234 Other assets 20,509   20,226 Total assets$1,490,104  $1,585,248       Liabilities and Equity     Current liabilities:     Loans payable - banks$2,849  $9,400 Current portion of long-term debt 46,320   54,774 Current portion of lease liabilities 6,146   6,326 Accounts payable – trade 82,858   77,210 Accrued expenses 146,166   189,622 Income taxes payable 2,986   6,671 Total current liabilities 287,325   344,003 Long–term debt, less current portion 96,524   121,254 Lease liabilities, less current portion 13,075   15,967 Deferred tax liabilities 2,482   — Total liabilities$399,406  $481,224       Equity:     Interparfums, Inc. shareholders’ equity:     Preferred stock, $.001 par; authorized 1,000,000 shares; none issued —   — Common stock, $.001 par; authorized 100,000,000 shares; outstanding 32,025,781 and 32,067,285 shares at June 30, 2026 and December 31, 2025, respectively 32   32 Additional paid-in capital 127,652   127,541 Retained earnings 838,588   828,906 Accumulated other comprehensive loss (25,141)  (9,029)Treasury stock, at cost, 9,078,844 and 9,032,840 shares at June 30, 2026 and December 31, 2025, respectively (70,670)  (66,734)Total Interparfums, Inc. shareholders’ equity 870,461   880,716 Noncontrolling interest 220,237   223,308 Total equity 1,090,698   1,104,024 Total liabilities and equity$1,490,104  $1,585,248  INTERPARFUMS, INC. AND SUBSIDIARIES            CONDENSED CONSOLIDATED STATEMENTS OF INCOME(In thousands except per share data) (Unaudited)             Three Months Ended  Six Months Ended  June 30, June 30, 2026  2025
 2026  2025             Net sales$341,037  $333,936  $685,922  $672,755             Cost of sales 117,512   112,847   237,758   235,689             Gross margin 223,525   221,089   448,164   437,066             Selling, general and administrative expenses 174,584   161,913   325,089   302,813             Income from operations 48,941   59,176   123,075   134,253             Other expenses (income):           Interest expense 1,457   1,787   2,891   3,332 Loss on foreign currency 67   1,580   169   2,360 Interest and investment (income) loss (690)  1,929   (3,008)  1,349 Other income (139)  (245)  (429)  (324)            Income before income taxes 48,246   54,125   123,452   127,536             Income taxes 11,364   12,928   29,867   30,936             Net income 36,882   41,197   93,585   96,600             Less: Net income attributable to the noncontrolling interest 6,395   9,209   19,732   22,120             Net income attributable to Interparfums, Inc.$30,487  $31,988  $73,853  $74,480             Earnings per share:                       Net income attributable to Interparfums, Inc. common shareholders:           Basic$0.95  $1.00  $2.31  $2.32 Diluted$0.95  $0.99  $2.31  $2.32             Weighted average number of shares outstanding:           Basic 32,026   32,110   32,027   32,115 Diluted 32,026   32,149   32,027   32,162             Dividends declared per share$0.80  $0.80  $1.60  $1.60             

Key Takeaways Interparfums is using digital commerce as shoppers move fragrance purchases to newer retail channels.Amazon and TikTok are boosting U.S. performance and helping Interparfums reach younger consumers.Cashmere Mist performs well online, while Be Delicious Core sales rebounded 16% in Q1 2026. Interparfums, Inc. (IPAR - Free Report) is increasingly leveraging digital commerce as consumer shopping habits reshape the global fragrance market. In the first quarter of 2026, the company indicated that more fragrance purchases are taking place through nontraditional retail channels such as Amazon, reflecting the growing role of digital marketplaces in product discovery and purchasing.

Consumers are increasingly discovering and engaging with fragrances through social media, major e-commerce platforms and other digital channels. This trend is also being supported by growing interest in personalized experiences, including fragrance layering and AI-driven product recommendations. Interparfums is aligning its brand strategy with these evolving consumer preferences while maintaining a consistent brand experience across digital and physical channels.

The importance of digital commerce is also evident across several brands. Donna Karan's Cashmere Mist deodorant continues to perform well on TikTok Shop and Amazon. The company also reported a 16% rebound in Be Delicious Core sales in the first quarter of 2026, reflecting improved momentum for the franchise.

Digital channels are becoming an increasingly important growth avenue in the United States, with Amazon U.S. and TikTok U.S. delivering stronger performance than several other regions. These platforms are also helping expand the company's reach among younger consumers.

As digital commerce continues to evolve, Interparfums is maintaining its focus on key online platforms where consumers increasingly discover and purchase prestige fragrances. Amazon and TikTok remain important channels for consumer engagement across several brands, reflecting the growing role of digital commerce within the company's distribution and brand-building efforts.

IPAR’s Zacks Rank & Share Price PerformanceShares of this Zacks Rank #2 (Buy) company have rallied 33.4% over the past three months, significantly outperforming the broader Consumer Discretionary sector, which declined 3.5% during the same period. Interparfums has also surpassed the industry and the S&P 500 index’s growth of 1.2% and 10.9%, respectively, during the same period.

IPAR Stock's Past 3 Months’ Performance
Image Source: Zacks Investment Research

Is IPAR a Value Play Stock?Interparfums currently trades at a forward 12-month P/E ratio of 23.66 compared with the industry average of 15.14 and the sector’s 16.59. This valuation places the stock at a noticeable premium relative to comparable peers and the sector overall.

IPAR P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research

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