02:12 PM EDT, 04/25/2024 (MT Newswires) -- Inter Parfums ( IPAR ) shares were down nearly 9% in recent trading Thursday, a day after it reported Q1 net sales of $324 million that were up from $312 million a year earlier, but missed the consensus polled by Capital IQ of $334.2 million.

European-based operations net sales remained nearly flat year over year, while US-based sales for the quarter ended March 31 were $96 million, up 18% from $82 million a year earlier.

The company reaffirmed its net sales guidance for the full year of $1.45 billion. Analysts surveyed by Capital IQ expect $1.45 billion.

Price: 119.18, Change: -11.34, Percent Change: -8.69