| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 52 | 21.4x | 17.8x | Around median | |
Growth | 49 | 2.9% | 7.1% | Around median | |
Quality | 91 | 18.7% | 4.5% | Top tier | |
Safety | 90 | — | 2.6x | Top tier | |
Capital Return | 82 | 2.86% | 2.12% | Top tier | |
Momentum | 67 | 2.6% | 2.9% | Top tier | |
Sentiment | 44 | 4 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Inter Parfums operates through two operating segments: European operations through Interparfums SA, its 72%-owned French subsidiary, and United States-based operations. The company generates revenue from developing, marketing, and distributing fragrances under a portfolio of global brands that includes Coach, Montblanc, Jimmy Choo, GUESS, Ferragamo, Donna Karan/DKNY, Roberto Cavalli, and Lacoste; the seven largest brands accounted for 81% of sales in the first half of fiscal 2026, while the direct-to-retail channel represented 42% and grew 9%. The travel retail segment remained a contributor of approximately 7% of net sales.
In Q2 of fiscal 2026, consolidated sales increased 2%, or 4% organically when excluding the impact of the war in the Middle East, but earnings per share of $0.95 fell short of expectations of $1.04. Sales from European operations declined 4%, while sales from United States-based operations increased 18%, including 17% organic growth; gross margins for the two segments were 67.4% and 61.6%, respectively. Net income attributable to European operations declined to $23 million, equivalent to 10% of their sales, while it increased in United States operations to $15 million, or 13.7% of their sales.
During the first half of fiscal 2026, consolidated sales grew 2%, and operating income reached $123 million at a margin of 17.9% versus 20% in the comparable period, while net income remained unchanged at $74 million and diluted earnings per share were $2.31 versus $2.32. Gross margin improved 30 basis points to 65.3%, but higher marketing, royalty, and logistics expenses weighed on operating profitability. For historical comparison, the company recorded revenue of $1.3 billion, gross profit of $839.1 million, net income of $152.7 million, and earnings per share of $4.75 in fiscal 2023.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is neutral, with an average price target of $136.5 within a wide range of $120 to $151; the average is only approximately 5.6% above the 52-week range high of $129.29, while the highest target exceeds that high by approximately 16.8%. Goldman Sachs set a target of $129 in August 2026, very close to the high of the annual range, reflecting a more conservative valuation than the average amid limited sales growth and pressure on operating margin ahead of the fiscal 2027 launch cycle.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Growth in the first half of fiscal 2026 came from specific brands and regions, as Coach increased 10%, GUESS 11%, and Ferragamo 17%. Geographically, North America grew 5%, Asia-Pacific 14%, and South America 15%. This was offset by declines of 3% in Western Europe, 7% in Eastern Europe, and 24% in the Middle East and Africa. As a result of this divergence, consolidated sales growth was only 2% in the first half.
On August 5, 2026, management reaffirmed its forecast of approximately $1.48 billion in sales and diluted earnings per share of $4.85 for fiscal 2026. Expected earnings per share include the benefit of $17.6 million in IEEPA tariff refunds. The company expects gross margin to improve by approximately 150 basis points, of which 110 basis points are related to these refunds. In contrast, the company is reinvesting a portion of the benefit in advertising and promotion, which is expected to approach 21% of net sales for the full fiscal year.
Earnings per share in Q2 of fiscal 2026 were approximately $0.95 versus expectations of $1.04. Higher marketing, royalty, and logistics expenses weighed on profitability despite 2% growth in consolidated sales. In the first half, advertising and promotion spending increased to $129 million, or 18.8% of sales, and operating margin declined to 17.9% from 20%. Net income from European operations also declined during the quarter to $23 million, or 10% of segment sales, versus 13.6% in the comparable period.
Inter Parfums plans to launch new fragrance pillars for Montblanc, Coach, GUESS, and Jimmy Choo during fiscal 2027, with the launches spread across the quarters of the year. Management said a successful launch of this kind could lead the brand to high-single-digit or low-double-digit growth, with a supportive impact on the rest of its products. The company also intends to launch Off-White fragrances for men and women at the end of Q1 of fiscal 2027 and the first Longchamp fragrances during the same year. Management believes Longchamp has the potential to become a brand generating $100 million in sales, but the level of investment and launch sequence had not been finalized as of August 5, 2026.
As of June 30, 2026, the company held cash and cash equivalents and short-term investments valued at $211 million, in addition to working capital of $664 million. Inventory declined 12% to $376 million, and days of inventory on hand decreased by 34 days to 269 days. Cash flow from operating activities in the first half of fiscal 2026 increased to $46 million from $5 million in the comparable period, benefiting from $8.7 million in tariff refunds. The board of directors also authorized a share repurchase program and a credit facility of up to $250 million, without an obligation to draw the amount or execute a specified level of purchases.
Sales in the Middle East and Africa declined 24% in the first half of fiscal 2026 due to the war in the region, while Eastern Europe declined 7% because of operating difficulties in certain markets. Roberto Cavalli, the company's largest brand in the Middle East, was among the affected brands, while Lacoste also faced pressure from Eastern Europe and its sales declined 16%. On the cost side, tariffs added $8.2 million in net expenses compared with the comparable period, and logistics costs increased amid supply chain transitions. Management is also monitoring moderating demand in several international markets and the possibility of suppliers raising their prices due to inflation.
