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PARIS – Puig reported third-quarter sales growth of 11.1 percent in reported terms, bolstered by its fragrance and fashion activity, and the EMEA market.
In the three months ended June 30, sales at the beauty and fashion company, which owns brands such as Rabanne, Carolina Herrera and Jean Paul Gaultier, amounted to 1.26 billion euros.
“Puig delivered double-digit revenue growth in the third quarter amid a complex operating environment for the sector. This result highlights the health and resilience of our core business — particularly fragrances — which saw an acceleration in Q3 and continues to outperform the premium beauty market,” said Marc Puig, chairman and chief executive officer of Puig, in a statement released after the close of the market.
“Our product and geographic diversity, combined with the strength of our brands and targeted investments, have enabled us to deliver solid revenue and profit growth across the company,” he continued. “With net revenue up 9.6 percent like-for-like in the first nine months of the year, we remain confident in our ability to outperform the premium beauty market, achieving our medium-term guidance.”
Puig’s sales in that period came to 3.43 billion euros. On a reported basis, they rose 10.1 percent and by 8.8 percent on a constant-perimeter basis. The company said all of its business segments and geographies contributed to the gains.
Good Girl from Carolina Herrera New York.
Courtesy of Puig
In the period, Puig’s fragrance and fashion activity, its largest, generated 2.53 billion euros in sales, a 10.9 percent rise in both reported and constant terms. Makeup sales were up 1.4 percent in both to 535 million euros, while skin care sales increased 22.9 percent on a reported basis and 9.4 percent organically to 381.5 million euros.
The EMEA region was Puig’s largest and also fastest-growing. It made sales of 1.83 billion euros, up 12.7 percent in reported terms and 11.3 percent on a like-for-like basis.
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