XML 29 R18.htm IDEA: XBRL DOCUMENT v3.26.1
Segment and Geographic Areas:
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment and Geographic Areas:

11.

Segment Reporting:

The Company manufactures and distributes one product line, fragrances and fragrance related products. The Company manages its business in two segments, European based operations and United States based operations. The European based operations, assets and business operations are primarily conducted in France, and include the results and assets of Interparfums Luxury Brands, Inc., located in the United States. For United States based operations, assets and business operations are primarily conducted in the United States, and include the results and assets of Interparfums Italia Srl, located in Italy. Both European based operations and United States based operations primarily represent the sale of prestige brand name fragrances.

 

Information on the Company’s operations by segments is as follows:

 

 

Three months ended June 30, 2026

 

Six months ended June 30, 2026

 

 

United States based operations

 

European based operations

 

Total

 

United States based operations

 

European based operations

 

Total

 

Net sales:

$

112,803

 

$

231,090

 

$

343,893

 

$

208,939

 

$

483,307

 

$

692,246

 

Eliminations (a)

 

(192)

 

 

(2,664)

 

 

(2,856)

 

 

(192)

 

 

(6,132)

 

 

(6,324)

 

 

 

112,611

 

 

228,426

 

 

341,037

 

 

208,747

 

 

477,175

 

 

685,922

 

Less: (b)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales

 

43,333

 

 

75,226

 

 

 

 

 

82,820

 

 

157,346

 

 

 

 

Eliminations (a)

 

(95)

 

 

(952)

 

 

 

 

 

(95)

 

 

(2,313)

 

 

 

 

Segment gross margin

 

69,373

 

 

154,152

 

 

223,525

 

 

126,022

 

 

322,142

 

 

448,164

 

Less: (b)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advertising and Promotion

 

17,377

 

 

59,830

 

 

 

 

 

32,293

 

 

96,491

 

 

 

 

Employee Related costs

 

13,324

 

 

19,134

 

 

 

 

 

26,818

 

 

39,001

 

 

 

 

Royalties

 

9,316

 

 

21,558

 

 

 

 

 

17,770

 

 

45,010

 

 

 

 

Other segment items (c)

 

9,953

 

 

24,092

 

 

 

 

 

19,143

 

 

48,563

 

 

 

 

Segment income from operations

$

19,403

 

$

29,538

 

$

48,941

 

$

29,998

 

$

93,077

 

$

123,075

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

 

 

 

 

 

 

1,457

 

 

 

 

 

 

 

 

2,891

 

Loss (gain) on foreign currency

 

 

 

 

 

 

 

67

 

 

 

 

 

 

 

 

169

 

Interest and investment income

 

 

 

 

 

 

 

(690)

 

 

 

 

 

 

 

 

(3,008)

 

Other (income) expense

 

 

 

 

 

 

 

(139)

 

 

 

 

 

 

 

 

(429)

 

Income before taxes

 

 

 

 

 

 

$

48,246

 

 

 

 

 

 

 

$

123,452

 

 

 

Three months ended June 30, 2025

 

Six months ended June 30, 2025

 

 

United States based operations

 

European based operations

 

Total

 

United States based operations

 

European based operations

 

Total

 

Net sales:

$

95,759

 

$

240,549

 

$

336,308

 

$

190,104

 

$

488,375

 

$

678,479

 

Eliminations (a)

 

—

 

 

(2,372)

 

 

(2,372)

 

 

—

 

 

(5,724)

 

 

(5,724)

 

 

 

95,759

 

 

238,177

 

 

333,936

 

 

190,104

 

 

482,651

 

 

672,755

 

Less: (b)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales

 

37,606

 

 

76,143

 

 

 

 

 

76,572

 

 

161,525

 

 

 

 

Eliminations (a)

 

—

 

 

(902)

 

 

 

 

 

—

 

 

(2,408)

 

 

 

 

Segment gross margin

 

58,153

 

 

162,936

 

 

221,089

 

 

113,532

 

 

323,534

 

 

437,066

 

Less: (b)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advertising and Promotion

 

15,902

 

 

52,939

 

 

 

 

 

31,289

 

 

89,079

 

 

 

 

Employee Related costs

 

13,350

 

 

18,475

 

 

 

 

 

27,215

 

 

36,663

 

 

 

 

Royalties

 

7,235

 

 

20,470

 

 

 

 

 

14,273

 

 

41,493

 

 

 

 

Other segment items (c)

 

9,521

 

 

24,021

 

 

 

 

 

18,149

 

 

44,652

 

 

 

 

Segment income from operations

$

12,145

 

$

47,031

 

$

59,176

 

$

22,606

 

$

111,647

 

$

134,253

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

 

 

 

 

 

 

1,787

 

 

 

 

 

 

 

 

3,332

 

Loss (gain) on foreign currency

 

 

 

 

 

 

 

1,580

 

 

 

 

 

 

 

 

2,360

 

Interest and investment income

 

 

 

 

 

 

 

1,929

 

 

 

 

 

 

 

 

1,349

 

Other (income) expense

 

 

 

 

 

 

 

(245)

 

 

 

 

 

 

 

 

(324)

 

Income before taxes

 

 

 

 

 

 

$

54,125

 

 

 

 

 

 

 

$

127,536

 

 

(a)

Eliminations of intercompany sales relate to European based operations products sold to United States based operations.

(b)

The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(c)

Other Segment items for each reportable segment include expenses for professional services, travel and entertainment, rent, warehousing, shipping, depreciation and amortization, and other selling, general and administrative costs.

 

Other segment disclosures:

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2026

 

2025

 

2026

 

2025

 

Net income attributable to Interparfums, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

United States

$

15,457

 

$

9,555

 

$

23,879

 

$

18,223

 

Europe

 

16,393

 

 

23,535

 

 

52,917

 

 

58,744

 

Eliminations

 

(1,363)

 

 

(1,102)

 

 

(2,943)

 

 

(2,487)

 

 

$

30,487

 

$

31,988

 

$

73,853

 

$

74,480

 

Depreciation and amortization expense:

 

 

 

 

 

 

 

 

 

 

 

 

United States

$

1,470

 

$

1,753

 

$

2,948

 

$

3,433

 

Europe

 

4,362

 

 

4,611

 

 

8,683

 

 

8,858

 

 

$

5,832

 

$

6,364

 

$

11,631

 

$

12,291

 

Interest and investment income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

United States

$

593

 

$

508

 

$

958

 

$

740

 

Europe

 

97

 

 

(2,437)

 

 

2,050

 

 

(2,089)

 

 

$

690

 

$

(1,929)

 

$

3,008

 

$

(1,349)

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

United States

$

225

 

$

394

 

$

341

 

$

604

 

Europe

 

1,232

 

 

1,393

 

 

2,550

 

 

2,728

 

 

$

1,457

 

$

1,787

 

$

2,891

 

$

3,332

 

Income tax expense:

 

 

 

 

 

 

 

 

 

 

 

 

United States

$

4,054

 

$

2,193

 

$

6,125

 

$

4,213

 

Europe

 

7,757

 

 

11,103

 

 

24,716

 

 

27,552

 

Eliminations

 

(447)

 

 

(368)

 

 

(974)

 

 

(829)

 

 

$

11,364

 

$

12,928

 

$

29,867

 

$

30,936

 

Additions to long-lived assets(a):

 

 

 

 

 

 

 

 

 

 

 

 

United States

$

561

 

$

372

 

$

1,969

 

$

542

 

Europe

 

1,426

 

 

16,176

 

 

3,156

 

 

39,941

 

 

$

1,987

 

$

16,548

 

$

5,125

 

$

40,483

 

 

(a) Total long-lived assets include property, equipment and leasehold improvements, trademarks, licenses, and other intangible assets, and right-of-use assets.

 

June 30, 2026

 

December 31, 2025

 

Total assets:

 

 

 

 

 

 

United States

$

400,557

 

$

369,871

 

Europe

 

1,106,175

 

 

1,229,174

 

Eliminations

 

(16,628)

 

 

(13,797)

 

 

$

1,490,104

 

$

1,585,248