Interparfums Sales Dip Slightly Amidst Currency Headwinds but Underlying Growth Remains Strong

The Interparfums group faced a challenging third quarter, reporting a slight decline in sales largely due to significant exchange-rate fluctuations. For the three months spanning July to September, total sales reached €253.5 million, marking a 1.6% decrease compared to the same period last year. This downturn was primarily attributed to the weakening of the U.S. dollar against the euro. Despite this currency headwind, the group emphasized that sales, when calculated at constant exchange rates, actually rose by 1.6%, demonstrating robust underlying momentum driven by its flagship brands, particularly Jimmy Choo fragrances.

Philippe Benacin, CEO of Interparfums, addressed the results, stating that the company delivered "a good quarter, partly masked by the unfavourable movement in the euro/dollar exchange rate." He highlighted that this performance, achieved despite a high comparison base from a record-setting third quarter in 2024 when sales surged by 20%, confirms an excellent start to the year. Benacin affirmed the group's confidence by maintaining its sales target of approximately €900 million for the full year 2025, underscoring resilience amidst the current geopolitical and economic landscape.

Regionally, the third quarter saw impressive growth in specific markets. South America and France were standout performers, with sales climbing 18% and 23% respectively. Looking at the broader picture for the first nine months of 2025, overall sales for the group rose by 3% to €700.4 million. Over this extended period, North America emerged as the fastest-growing region, propelled by a vibrant U.S. market where Interparfums continues to expand its market share.

Key brands significantly contributed to this growth. Jimmy Choo fragrances showed strong momentum, with sales up 20% over the nine-month period, while Coach fragrances also posted a substantial 18% increase. In the United States, these brands helped drive a 14% growth at constant exchange rates and a 9% growth at current exchange rates. The Lacoste brand also recorded impressive growth of 24%, with its fragrances, now in their second year on the market, consistently demonstrating a positive trajectory that aligns perfectly with the brand's redeployment plan and annual objectives.