The fragrance maker announced Q4 net income of $14.7 million on Monday, representing an 80% increase from $8.2 million in the same period in the previous year. The company also raised its financial outlook for 2021.
The New York-based fragrance company announced its financial guidance for fiscal 2021 on Tuesday, revealing hopes for a 49.1% year-over-year increase in diluted earnings per share after a difficult 2020.
Having been strongly impacted by the Covid-19 crisis, the fragrance license specialist has experienced something of a recovery in the third quarter, notably reporting a 12% increase in its sales in France.
In early August, fragrance specialist Interparfums, owner of Rochas, announced the termination of the label's menswear collections due to the economic crisis, ending the collaboration with designer Federico Curradi.