Interparfums SA (brands Jimmy Choo, Montblanc, Lacoste…) published on Wednesday, April 22, a 8.5% decrease in revenue in the first quarter of 2026 (-2.6% at comparable data), impacted by global geopolitical tensions and an unfavorable currency effect.
From January to the end of March, sales reached 215.5 million euros, according to a statement. At constant exchange rates, compared to the same period of the previous year, this amount would have been 229.5 million, the company clarified.
Since January, “many external factors have weighed on the activity, notably the intensification of geopolitical disruptions worldwide and, more recently, the outbreak of an armed conflict in the Middle East,” argued Interparfums SA.
During the publication of its 2025 annual results, at the end of February, the company also warned that the figures for the first quarter of 2026 would be affected “by a high comparison base,” particularly due to an “unfavorable evolution of the euro-dollar parity.”
Strong regional contrasts
The performance varies greatly by region. In North America, sales remain stable at nearly 85 million euros. While Interparfums Luxury Brands, the American subsidiary, “records double-digit growth in its local sales in the United States,” this growth “is, however, largely offset by a very unfavorable euro-dollar conversion rate,” explained the statement.
South America is on a positive trajectory, with a 23% increase in sales to 27 million euros, thanks to Coach perfumes and the Montblanc Legend franchise.
In Asia, sales decreased by 20% to 29 million euros: while China progressed, Interparfums noted “consumer wait-and-see behavior in many markets in the Asia-Pacific region.”
Revenue in Western Europe (excluding France) declined during the period (-19% to nearly 37 million), “a consequence of the observed sluggishness in its main markets,” according to Interparfums. In France, sales increased by 5% to 14 million euros, driven by Lacoste perfumes.
“Thanks to a particularly dynamic start to the year in the American region, we achieved a decent performance in the first quarter of 2026, considering the particularly degraded geopolitical and macroeconomic environment,” assured CEO Philippe Benacin, quoted in the statement. “We approach the next semesters with optimism with a clear and ambitious roadmap around multiple projects on almost all brands,” he added.
