The Barcelona-based cosmetics and fashion group recorded a 7% increase in sales during the first nine months of the year, reaching 3.6 billion euros (about 4.15 US dollars) on a like-for-like basis (excluding currency fluctuations).
In reported terms, sales were up 4.9% compared with the same period last year, reflecting unfavorable currency movements.
Sales rose to 1.297 billion euros in the third quarter, an increase of 6.1% like-for-like and 3.2% on a reported basis.
Puig markets prestige and luxury perfume and cosmetics brands, including Rabanne, Byredo, Uriage, Carolina Herrera, Jean Paul Gaultier, Charlotte Tillbury, Penhaligon’s and Apivita.
The Fragrance & Fashion segment, which accounts for 73% of the group’s revenue, saw slower growth during the period (+6.4% like-for-like, +4.1% reported). Meanwhile, Makeup sales (16% of the group’s revenue) rose by 8.3% like-for-like (+6.4% reported), and Skincare sales (11% of Puig revenue) grew by 9.2% (+8.1% reported).
“Puig delivered another strong quarter, supported by continued growth across all business segments and by the strength of our brands,” said Marc Puig, Chairman and CEO of Puig. “We approach the holiday season with full confidence in achieving our full-year outlook,” he added.
