PARIS – Interparfums SA raised its guidance again for 2017 on Wednesday, following a strong end-of-year period.
The Paris-based subsidiary of Inter Parfums Inc., of New York, said that it expects 2017 to close with sales of between 415 million euros and 420 million euros, representing a more than 13 percent on-year gain. Operating margin should come in at around 13.5 percent.
In November 2017, the company had upped its annual guidance for sales, which were anticipated to range from 400 million euros to 500 million euros, and operating margin, expected to fall between 13 percent to 13.5 percent.
“After very strong yearend momentum by the portfolio’s main brands and a market response considerably exceeding initial expectations for Coach, the men’s fragrance line launched in the fall, the company has further updated [its] guidance,” Interparfums SA said.
Its final full-year sales will be published on January 30, while the final operating margin is due to be released on March 14.