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IPAR · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Interparfums, Inc. Common Stock (IPAR) stock moving?
Interparfums reported Q3 2026 results on Nov 4 with flat net sales of $430M, but gross margin rose 360 bps to 67.1% and diluted EPS of $2.13 beat the $1.89 estimate. Management raised full-year sales guidance to $1.490B and reaffirmed GAAP EPS guidance of $4.85, which is slightly under the $4.89 consensus. Coach was a key driver, with Q3 sales up 23%, while U.S.-based sales fell 7% in the quarter and the Middle East conflict cut about 1% from sales. Price action confirms the market's reaction: the stock rose from about $115 in late October to $135.56 on Nov 10, with the largest move on Nov 5 (close $135.28, up 9.5%) on volume of 747,420 shares, about 2.5 to 3 times the typical daily level. Since then the stock has traded between $132.85 and $138.13, with the Nov 10 close near the VWAP of $135.73. Canaccord ($154) and Jefferies ($156) raised price targets after the report, implying roughly 14% to 15% upside from the last close. The gap between the price and those targets, the 2026 EPS guidance slightly below consensus, and the weak U.S. trend are the main points on the other side.
News behind the analysis
- Jefferies Maintains Buy on Interparfums, Raises Price Target to $156Jefferies kept its Buy rating on Interparfums and raised its price target to $156 after the third-quarter results.
- Canaccord Genuity Raises Interparfums Price Target to $154Canaccord Genuity maintained its Buy rating and raised its price target to $154 from $151.
- Canaccord Genuity Maintains Buy on Interparfums, Raises Price Target to $154Canaccord Genuity reiterated its Buy rating and lifted its price target to $154 following the quarterly report.
- Interparfums Q3 2026 Earnings Call TranscriptTranscript of the third-quarter 2026 earnings call, held on November 5, covering management commentary on brands, regions and outlook.
- Interparfums, Inc. Reports 2026 Third Quarter Financial Results and Raises Full-Year Sales GuidanceQ3 net sales were flat at $430M, gross margin rose to 67.1%, and diluted EPS reached $2.13; full-year sales guidance was raised while EPS outlook was reaffirmed.
- Inter Parfums Q3 EPS $2.13 Beats $1.89 Estimate, Sales $429.508M Beat $429.253M EstimateThird-quarter EPS beat consensus by about 13%, and sales edged slightly above estimates.
- Interparfums Affirms FY2026 GAAP EPS Guidance of $4.85 vs $4.89 Est; Raises FY2026 Sales Guidance from $1.480B to $1.490B vs $1.492B EstFull-year sales guidance was raised to $1.490B, slightly below the $1.492B estimate, while GAAP EPS guidance of $4.85 was slightly below the $4.89 estimate.
About Interparfums, Inc. Common Stock
Interparfums is a New York-based company that develops, makes and sells prestige perfumes, mostly under long-term licences from fashion and luxury brands like Jimmy Choo, Montblanc, Coach, Lacoste and Donna Karan/DKNY. It runs two main units, one based in Paris and one in the US, and is known for high gross margins (about 65%), a strong balance sheet and heavy insider ownership (about 44%).
How it makes money
Most of its revenue comes from selling licensed and company-owned fragrances to department stores, specialty beauty retailers, duty-free shops and distributors around the world. European-based operations bring in roughly 70% of sales and US-based operations roughly 30%. Company guidance put 2026 net sales at about $1.48 billion. In exchange for using the brands, it pays royalties to the brand owners.
What usually moves IPAR
- Licence renewals, new licences and licence expirations (e.g., Boucheron)
- Global demand for prestige fragrances
- Euro–dollar exchange rate
- Tariffs and advertising/promotion spending squeezing margins
- New fragrance launches for its key brands