依特香水 2025年季度报告

(MARK ONE) ☒Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period endedMarch 31,2025. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and Large accelerated filer☒Accelerated filer☐ INDEX Page NumberPart I.Financial Information1Item 1.Financial Statements1Consolidated Balance Sheets as ofMarch 31, 2025andDecember 31, 20242Consolidated Statements of Income for theThree Months Ended March 31, 2025andMarch 31, 20243Consolidated Statements of Comprehensive Income for theThree Months Ended March 31, 2025andMarch 31, 20244Consolidated Statements of Changes in Equity for theThree Months Ended March 31, 2025andMarch31, 20245Consolidated Statements of Cash Flows for theThree Months Ended March 31, 2025andMarch 31, 20246Notes to Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item 3.Quantitative and Qualitative Disclosures About Market Risk25Item 4.Controls and Procedures25Part II.Other Information26Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.26Item 5.Other Information26Item 6.Exhibits.27SIGNATURES28 INTERPARFUMS, INC. AND SUBSIDIARIES Part I. Financial Information Item1.Financial Statements In our opinion, the accompanying unaudited consolidated financial statements contain all adjustments (consisting only of normalrecurring adjustments) necessary to present fairly our financial position, results of operations and cash flows for the interim periods presented.We have condensed such financial statements in accordance with the rules and regulations of the Securities and Exchange Commission(“SEC”). Therefore, such financial statements do not include all disclosures required by accounting principles generally accepted in the United The results of operations for thethree months ended March 31, 2025, are not necessarily indicative of the results to be expected for theentire fiscal year. INTERPARFUMS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS(In thousands except share and per share data)(Unaudited) Current liabilities: Equity: Interparfums, Inc. shareholders’ equity:Preferred stock, $.001par; authorized1,000,000shares;noneissued——Common stock, $.001par; authorized100,000,000shares; outstanding32,124,000and32,110,170shares atMarch 31, 2025andDecember 31, 2024, respectively3232Additional paid-in capital107,985106,702Retained earnings780,338763,240 INTERPARFUMS, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements(Unaudited) 1.Significant Accounting Policies: The accounting policies we follow are set forth in the notes to our consolidated financial statements included in our Form 10-K, whichwas filed with the Securities and Exchange Commission for the year endedDecember 31, 2024. 2.Recent Agreements: Annick Goutal In March 2025, we announced that our72% owned French subsidiary,InterparfumsSA, acquired all intellectual property rightsrelating to MaisonGoutalheld by AmorepacificEurope. AmorepacificEurope will continue to operate the GoutalBrand under anexisting license agreement that expires onDecember 31, 2025, whenInterparfumsSA will begin commercial use of the fragrance Coach In2015, CoachandInterparfumsSA signed an exclusive worldwide license agreement for the creation, the manufacturing and thedistribution of fragrances under the Coach brand until June 30, 2026. In March 2025, the license agreement was renewed for an Abercrombie & Fitch and Hollister In March 2025, we expanded ourFierce distribution agreement, which now allows for a global distribution of the iconicFiercefragrance line that either party may terminate ontwo year’s notice. Furthermore, our existingAbercrombie & Fitch andHollister fragrance license agreement will expire onMarch 14, 2028.The goal of the updatedFiercedistribution agreement is to drive, Off-White In December 2024, we announced that our72% owned French subsidiary, InterparfumsSA, signed for all Off-White® brand namesand registered trademarks for Class3fragrance and cosmetic products, subject to an existing license that expires on December 31,2025, when InterparfumsSA will begin commercial use of the fragrance brand. Van Cleef& Arpels In2006, Van Cleef& Arpelsand InterparfumsSA signed a12-year worldwide license agreement to manufacture and distributeperfumes and related products under the Van Cleef& Arpelsbrand name, which was subsequently extended for a furthersix