INTERPARFUMS INC

Interparfums, Inc. announced a change in its certifying accountant. The Audit Committee dismissed Forvis Mazars, LLP as the company's independent registered public accounting firm, effective May 8, 2026. Subsequently, the Audit Committee appointed Grant Thornton, LLP to serve in the same capacity. Forvis's reports for the fiscal years 2024 and 2025 did not contain adverse opinions, though they concurred with management's previously disclosed material weakness in internal control over financial reporting.

Interparfums Inc. reported increased financial results for the first quarter of 2026, with net sales rising to $344.9 million and diluted earnings per share reaching $1.35. The company also announced new 20-year license agreements for Nautica and David Beckham fragrances, and extended existing licenses for GUESS and Coach brands.

Interparfums reported record first-quarter 2026 results with net sales of $345 million, a 2% increase year-over-year, and diluted EPS of $1.35, also up 2%. Gross margin expanded by 140 basis points to 65.1%, though operating income slightly decreased by 1% to $74 million. The company reaffirmed its full-year 2026 guidance for sales of $1.48 billion and EPS of $4.85, and declared a quarterly cash dividend of $0.80 per share. Geographic sales were mixed, with strong growth in North America and Central/South America, but declines in Eastern Europe, the Middle East/Africa, and Asia/Pacific.

Interparfums, Inc. filed an 8-K to announce the disclosure of its net sales for the first quarter ended March 31, 2026. The filing incorporates by reference portions of a press release detailing these financial results. Additionally, the company provided updates on its fragrance portfolio, future product launches for brands like Montblanc, Lacoste, and Donna Karan/DKNY, and discussed business challenges for 2026, including geopolitical factors, and its strategy for 2027.

Interparfums, Inc. reported a 2% increase in net sales to $345 million for the first quarter of 2026, broadly meeting expectations. This growth was supported by favorable foreign exchange dynamics and strong performances from brands like Coach, Montblanc, and GUESS. However, organic sales moderately declined by 2% excluding the Middle East conflict, and the company noted more measured growth due to macroeconomic pressures and geopolitical uncertainty, with brands like Jimmy Choo and Lacoste experiencing declines.