The reaffirmation of 2026 guidance at lower EPS despite record 2025 results suggests persistent margin pressure from tariffs and inflation. Traders should monitor Q1 2026 results for signs of margin stabilization from pricing actions and cost savings. The stock may face downward pressure if EPS trajectory doesn't improve.
Price Chart
Executive Summary
Interparfums reported record full-year 2025 results with $1.49 billion in net sales (+2% YoY) and diluted EPS of $5.24 (+2% YoY), driven by strong brand performance and favorable forex. However, operating margin declined 80 bps to 18.2% due to tariff headwinds and higher SG&A. The company reaffirmed its 2026 guidance of $1.48 billion in sales and $4.85 EPS, which represents a 7% decline from 2025 EPS despite flat revenue expectations, signaling margin pressure.
Key Financial Metrics
Key Facts
- Full-year 2025 net sales: $1.49 billion (+2% YoY), diluted EPS: $5.24 (+2% YoY)
- Operating margin declined 80 bps to 18.2% due to $12.8 million in tariff costs and higher SG&A
- Reaffirmed 2026 guidance: $1.48 billion sales (flat) and $4.85 EPS (-7% YoY)
- Gross margin down 20 bps to 63.6% due to tariffs, partially offset by pricing actions
- SG&A as % of sales increased to 45.5% from 44.7% due to higher advertising spend
- Strong brand performance: Lacoste (+28%), Roberto Cavalli (+33%), Coach (+15%)
Financial Impact
EPS guidance for 2026 is $4.85, a 7% decline from 2025's $5.24, despite flat revenue growth, indicating significant margin compression from ongoing tariff headwinds
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Lacoste | $108.0M | +28.0% |
| Roberto Cavalli | — | +33.0% |
| Coach | — | +15.0% |
Risk Factors
- Ongoing tariff headwinds expected to continue in 2026
- Failure of cost-saving programs to offset margin pressure
- Macroeconomic volatility in key markets
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001753926-26-000347 |
| Document: ipar-20260224.htm | 0001753926-26-000347 |
| Document: 0001753926-26-000347-index-headers.html | 0001753926-26-000347 |
| Document: 0001753926-26-000347-index.html | 0001753926-26-000347 |
| Document: 0001753926-26-000347.txt | 0001753926-26-000347 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Press Release | $112.64 $117.40 | ▲ +4.23% | ▲ +1.66% | $112.90 (+0.23%) |
Aug 13, 2026 7w ago | DEFA14A | $115.48 $114.75 | ▼ −0.63% | ▲ +1.33% | $112.90 (−2.23%) |
May 13, 2026 20w ago | 8-K | $87.72 $91.16 | ▼ −3.92% | ▼ −4.64% | $112.90 (−28.70%) |
Apr 21, 2026 23w ago | 8-K | $91.96 $91.29 | ▼ −0.73% | ▼ −0.78% | $112.90 (+22.77%) |
Apr 21, 2026 23w ago | Press Release | $91.96 $91.29 | ▲ +0.73% | ▲ +0.78% | $112.90 (−22.77%) |
Feb 24, 2026 31w ago | 8-K | $100.72 $93.28 | ▲ +7.39% | ▲ +6.29% | $112.90 (−12.09%) |
US Market Status
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