Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

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Equity Bottom-Up

<ul>
<li>IPAR has started 2024 with what could be described as relaunching of the Lacoste fragrance line after IPAR encountered under investment by the previous licensee</li>
<li>There is increased investor concern consumer appetite for fragrances could wane even though so far there has been little sign of it</li>
<li>Specific to Lacoste, we expect greater excitement when IPAR releases its first fragrance for the brand later this year</li>
</ul>


IPAR has started 2024 with what could be described as relaunching of the Lacoste fragrance line after IPAR encountered under investment by the previous licensee
There is increased investor concern consumer appetite for fragrances could wane even though so far there has been little sign of it
Specific to Lacoste, we expect greater excitement when IPAR releases its first fragrance for the brand later this year


Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Based on the Q4 2023 and Full Year earnings for Inter Parfums Inc., a company specializing in fragrances, the overall view of the company's financial performance showed sustained growth and potential for future profitability.</li><li>However, various factors, including macroeconomic uncertainties, may affect operations.</li><li>In 2023, Inter Parfums posted a record net sales of $1.3 billion, a 21% increase compared to the previous year.</li></ul>

Based on the Q4 2023 and Full Year earnings for Inter Parfums Inc., a company specializing in fragrances, the overall view of the company's financial performance showed sustained growth and potential for future profitability.However, various factors, including macroeconomic uncertainties, may affect operations.In 2023, Inter Parfums posted a record net sales of $1.3 billion, a 21% increase compared to the previous year.

Inter Parfums Inc.: A Stimulating Pipeline of Innovation & 3 Other Key Growth Catalysts! - Financial Forecasts

<ul><li>This is our first report on fragrance and fragrance related product provider, Inter Parfums Inc.</li><li>The company's Q3 2023 results painted a picture of a company capitalising on the strength of the global fragrance market.</li><li>The total sales growth the company recorded was an impressive 27% year to date.</li></ul>

This is our first report on fragrance and fragrance related product provider, Inter Parfums Inc.The company's Q3 2023 results painted a picture of a company capitalising on the strength of the global fragrance market.The total sales growth the company recorded was an impressive 27% year to date.

Inter Parfums: Initiation of Coverage - Inside the Strategy Behind Their Newest

<ul>
<li>IPAR closed out 2023 with the same momentum that has been generating sales growth the last several years.</li>
<li>The consumer has been receptive to fragrance and there has been no sign of slowing demand for the category</li>
<li>IPAR provided preliminary fourth quarter sales of $329 million versus our estimate of $316.5 million. Sales growth within IPAR’s top selling brands was through Coach and Guess</li>
</ul>


IPAR closed out 2023 with the same momentum that has been generating sales growth the last several years.
The consumer has been receptive to fragrance and there has been no sign of slowing demand for the category
IPAR provided preliminary fourth quarter sales of $329 million versus our estimate of $316.5 million. Sales growth within IPAR’s top selling brands was through Coach and Guess


<ul>
<li>IPAR issued its initial 2024 sales and EPS guidance proving clarity as investors value the stock for the year ahead.</li>
<li>IPAR is forecasting sales and EPS in line with our current estimates suggesting there could be ample upside to the numbers if the current demand for fragrances were to continue.</li>
<li>IPAR expects 2024 sales of $1.45 billion and EPS of $5.15. Both of which are in line with our estimates of $1.42 billion and $5.16, respectively.</li>
</ul>


IPAR issued its initial 2024 sales and EPS guidance proving clarity as investors value the stock for the year ahead.
IPAR is forecasting sales and EPS in line with our current estimates suggesting there could be ample upside to the numbers if the current demand for fragrances were to continue.
IPAR expects 2024 sales of $1.45 billion and EPS of $5.15. Both of which are in line with our estimates of $1.42 billion and $5.16, respectively.


United States

Inter Parfums, Inc. manufactures, markets, and distributes a wide array of fragrances and fragrance related products. The Company's European-based operations produce and distribute prestige fragrance products primarily under license with brand owners. It's U.S.-based operations primarily produce and sell fragrance and personal care products under several specialty retail brands.

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