By
Reuters
Reuters
Published
Jan 11, 2018
Jan 11, 2018
Interparfums raises guidance after strong end to year
By
Reuters
Reuters
Published
Jan 11, 2018
Jan 11, 2018
France's Interparfums raised on Wednesday its 2017 revenue guidance after a strong end to the year and a better-than-expected response to its men's fragrance Coach.
The company expects annual sales to be around 415 million euros to 420 million euros ($495 million-$500 million), an increase of almost 4 percent from the previous target.
The French perfume maker, whose fragrance brands include Jimmy Choo, also raised its objective for 2017 operating margin to around 13.5 percent. ($1 = 0.8384 euros)
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