Interparfums Sales Growth Held as U.S. Business Accelerated

The Tip Desk · July 23, 2026 · 2 min read

U.S.-based sales increased 18% to $113 million in the second quarter.

Interparfums Inc. (IPAR), the fragrance maker, reported a 2% increase in second-quarter net sales as stronger underlying demand and its U.S. business offset declining European operations.

Organic sales rose 4% after falling 2% in the first quarter, even as the estimated drag from the war in the Middle East widened to 3% from 1%. Foreign exchange added 1% to sales, compared with a 4.6% benefit in the preceding quarter.

Net sales reached $341 million, holding the first quarter’s 2% growth rate but slowing from 7% in the fourth quarter of 2024. Sequential sales declined from $386 million in that fourth quarter to $345 million in the first quarter and $341 million in the second.

The operating mix shifted toward the U.S., where organic growth accelerated to 17% from roughly flat in the first quarter. European-based sales fell 4% to $231 million after rising 2% to $252 million in the prior period, while second-quarter organic sales in Europe declined 5%.

Jimmy Choo helped drive the improvement, with sales rising 23% after declining 4% in the first quarter. Donna Karan and DKNY sales increased 28% following a 3% decline, while Ferragamo advanced 41% on demand for Signorina Romantica and Ferragamo Sublime Leather and an easier year-earlier comparison.

Those gains were partly offset by reversals at other brands. Coach sales fell 8% after climbing 30% in the first quarter, against a year-earlier period when the brand grew 42%, while Montblanc was essentially flat after a 14% increase. Lacoste declined 19% as difficult comparisons and continued weakness in Eastern Europe weighed on sales.

GUESS provided a steadier contribution, rising 10% after an 11% first-quarter increase. Roberto Cavalli fell 9% following 32% growth in the preceding quarter as Middle East weakness and a tougher comparison weighed on the brand, leaving Interparfums’ improving organic trend dependent on a changing roster of growth drivers.