IPAR's Fragrance Segment Shines: Analyst On Europe's Swift Recovery And Asia's Growing Luxury Embrace
IPAR's Fragrance Segment Shines: Analyst On Europe's Swift Recovery And Asia's Growing Luxury Embrace
D.A. Davidson analyst Linda Bolton Weiser reiterated a Buy rating on the shares of Inter Parfums Inc (NASDAQ:IPAR) with an unchanged price target of $187.
D.A. Davidson 分析師琳達·博爾頓·韋瑟重申了對以下股票的買入評級 Inter Parfums Inc 納斯達克股票代碼：IPAR），目標股價保持不變，爲187美元。
IPAR is seeing no weakening anywhere in the world, and the fragrance segment continues to be the star of the global prestige beauty market, said the analyst.
這位分析師表示，IPAR在世界任何地方都沒有減弱，香水領域仍然是全球知名美容市場的明星。
IPAR views industry growth potential as a CAGR of 6%-8% over the next 5-10 years versus historical growth of +4%-6%, noted the analyst.
分析師指出，IPAR認爲，未來5-10年行業的複合年增長率爲6％-8％，而歷史增長率爲+ 4％-6％。
According to the analyst, Europe has the highest fragrance penetration (~50%). Though post-COVID recovery was slower than in the U.S, now growth is catching up at a double-digit pace.
根據分析師的說法，歐洲的香水滲透率最高（約50％）。儘管COVID後的復甦速度比美國慢，但現在增長正以兩位數的速度趕上。
The analyst also noted that Asia is outgrowing its historic under-penetration of fragrance as consumers are embracing fragrance just as they did other luxury goods like cognac, handbags, and skincare products.
這位分析師還指出，亞洲的香水滲透率已經超越了歷史上對香水的滲透不足，因爲消費者對香水的擁抱就像對待干邑、手袋和護膚產品等其他奢侈品一樣。
IPAR is sticking to their 2024 Lacoste sales guidance of $60 million - $80 million as they want to clean up the distribution, Coty Inc (NYSE:COTY) may over-ship into the channel in calendar 2H23 and IPAR's sales are recorded ex-factory, which reduces the numbers, said the analyst.
IPAR堅持其2024年Lacoste的6000萬至8000萬美元銷售預期，因爲他們想清理分銷量， Coty Inc. 這位分析師表示，紐約證券交易所代碼：COTY）可能會在23年下半年超額出貨到該渠道，IPAR的銷售額是出廠記錄的，這減少了這一數字。
Roberto Cavalli, also transferring from Coty, is expected to contribute sales of $30 million - $40 million in 2024, including some new product launches, said the analyst.
這位分析師表示，同樣從科蒂轉來的羅伯託·卡瓦利預計將在2024年貢獻3000萬至4000萬美元的銷售額，其中包括一些新產品的發佈。
The DKNY line, transferred from Estee Lauder Companies Inc (NYSE:EL), has been a great, great surprise; it is beating internal projections and should be close to $100 million after only one year.
DKNY 線，轉自 雅詩蘭黛公司 紐約證券交易所代碼：EL），真是令人驚訝；它超出了內部預期，僅僅一年後就將接近1億美元。
In the analyst's view, Ferragamo changed their designer and logo and IPAR is quite optimistic about the brand's refresh.
分析師認爲，菲拉格慕更換了設計師和徽標，IPAR對該品牌的更新相當樂觀。
The analyst raised 3Q23E sales and EPS to above consensus, to $360 million (+28% Y/Y) from $351 million and to $1.20 from $1.09, respectively.
該分析師將 3Q23E 的銷售額和每股收益分別從3.51億美元提高到3.6億美元（同比增長28％），從1.09美元提高到1.20美元。
Price Action: IPAR shares are trading higher by 1.84% at $136.24 on the last check Friday.
價格走勢: 在週五的最後一張支票中，IPAR股價上漲1.84％，至136.24美元。
譯文內容由第三人軟體翻譯。