- Foreign exchange losses and marketable securities losses contributed to a $6.7 million loss below operating income in H1 2025 compared to $1.5 million loss in H1 2024.
- Gross margin expanded by 170 basis points to 66.2% in Q2 and 150 basis points to 65% for the first half, driven by favorable brand/channel mix and Dunhill discontinuation.
- Interparfums reported net sales of $334 million in Q2 2025, a slight decline from Q2 2024 due to sales shifting from Q2 to Q1.
- Net income for European operations increased 3% to $81 million, while U.S. operations net income decreased 26% to $18 million due to lower sell-in and Dunhill exit.
- Operating income decreased 9% in Q2 to $59 million with a margin of 17.7%, but year-to-date operating income increased 1% to $134 million with a 20% margin.
- Organic net sales grew 3% in the first half of 2025, with European-based operations up 7% and U.S.-based operations down 12% reported, or 6% organic decline excluding Dunhill.
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Dafinchi