Inter Parfums Inc has raised its guidance for 2021. The company is now aiming for net sales to come in at a record $840m.
Previous guidance aimed for net sales of $810m. It is the fourth time the company has increased its outlook for the year since it announced its initial guidance on December 1, 2020. Inter Parfums says the increase is due to its European operations. Despite continuing supply-chain disruptions, the company says the pace of deliveries has remained high in recent weeks thanks to sustained customer demand.
Inter Parfums is maintaining its guidance for 2022, due to the current lack of visibility, with net sales in the range of $925m and $950m.