Interparfums Inc

IPAR remains medium-term bullish in a Stage 2 advancing environment, confirmed by a clear sequence of higher highs and lows and rising short-term EMAs. However, price is extremely overbought and extended well above the 9/21 EMAs and 50-day MA, increasing the risk of a sharp pullback. We defer execution and will stalk for disciplined pullbacks into the EMAs or intermediate support zone. The long-term downtrend remains intact, anchoring structural caution until a multi-year breakout occurs.

• ↑Q1 consolidated sales rose 2% YoY to $345M, driven by 7% North America growth
• ↑Net income climbed to $43M ($1.35 EPS), maintaining a 12.6% margin
• ↓Organic sales declined 3% YoY, with Eastern Europe down 12% on regional volatility