Inter Parfums, Inc. (NASDAQ:IPAR) Q1 2023 Earnings Conference Call May 9, 2023 11:00 AM ET

Company Participants

Karin Daly - Vice President, Equity Group, IR

Jean Madar - Chairman and CEO

Michel Atwood - Chief Financial Officer

Conference Call Participants

Linda Bolton-Weiser - D.A. Davidson

Sydney Wagner - Jefferies

Korinne Wolfmeyer - Piper Sandler

Hamed Khorsand - BWS Financial

Operator

Greetings. And welcome to the Inter Parfums First Quarter 2023 Conference Call and Webcast. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]

As a reminder, this conference is being recorded. At this time, I’d like to turn the call over to Vice President at the Equity Group and Inter Parfums Investor Relations representative, Karin Daly.

Karin Daly

Thank you, Daryl. On behalf of the company, I would like to note that this conference call may contain forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from projected results.

These factors may be found in the company’s filings with the Securities and Exchange Commission under the heading Forward-Looking Statements and Risk Factors in our most recent annual report on Form 10-K. Forward-looking statements speak only as of the date on which they are made, and Inter Parfums undertakes no obligation to update the information discussed.

It’s now my pleasure to turn the call over to Jean Madar, Chairman and Chief Executive Officer of Inter Parfums. Jean, you may begin.

Jean Madar

Thank you, Karin, and good morning, everyone. And welcome to our first quarter conference call. [Inaudible] I will start the discussion and then Michel Atwood, our CFO, will review our financial performance, outlook and related issues.

For anyone new to Inter Parfums, keep in mind that when we refer to our European based operations, we are talking about our 72% owned French subsidiary called Interparfums SA. And when we refer to our U.S. based operations, we are talking about our wholly-owned domestic subsidiaries.

So 2023 already has the hallmarks of another spectacular year for our company. We admit that some of that exuberant is because of the strength in the fragrance market. But we also believe that our stellar performance is driven by the high quality operation by our talented staff every day and our ability to execute sustainable innovation. This confluence resulted in the best quarterly sales in our history.