Inter Parfums (IPAR) Q4 Earnings Meet Estimates, View Down
Zacks Investment Research | Mar 02, 2020 09:15PM ET
Inter Parfums, Inc. (NASDAQ:IPAR) delivered fourth-quarter 2019 results, with the top and the bottom line meeting the Zacks Consensus Estimate. Moreover, earnings were flat year on year. Nevertheless, revenues rose on a year-over-year basis. Sturdy brand performances across U.S. operations fueled the metric.
Quarter in Details
The company posted earnings per share of 26 cents, in line with the Zacks Consensus Estimate.
Net sales for the quarter amounted to $177.8 million, up 0.3% on a year-over-year basis. Moreover, revenues were in line with the consensus mark. At comparable-currency exchange rates, net sales inched up 1.5%. Growth across the U.S. operations boosted sales in the reported quarter.
In U.S. based operations, net sales rose 14.7% to $48.7 million. Net sales in the European-based operations amounted to $129.1, down 4.2% year on year.
Gross profit amounted to $114.7 million, down 2.1% year on year. Further, gross margin was 64.5%, down 160 basis points (bps).
SG&A expenses amounted to $102.3 million, down 3.9% year on year. Also, as a percentage of net sales, SG&A expenses were 57.6%. The metric declined from 60.1% in the prior-year quarter.
Operating income came in at $12.3 million, up 16.5% year on year. Further, operating margin was 6.9%, up 90 bps.
Inter Parfums, Inc. Price, Consensus and EPS Surprise
industry ’s decline of 27.6%.
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