PARIS – Spanish beauty and fashion company Puig posted double-digit sales growth in the fourth quarter of 2024, when its performance accelerated against the three previous quarters of the year.
Sales at the owner of Rabanne, Carolina Herrera, Byredo and Charlotte Tilbury in the three months ended Dec. 31 amounted to 1.36 billion euros, up 14.3 percent in reported terms and 14.1 percent on a like-for-like basis.
For full-year 2024, Puig posted sales of 4.73 billion euros, representing a 11.3 percent rise in reported terms and 10.9 percent on an organic basis. The company released earnings after the market close Thursday.
Related Articles
“Once again, we delivered record revenues, driven by the exceptional performance of our core geographies, EMEA and the Americas,” said Marc Puig, chairman and chief executive officer of Puig, in a statement. “We also continued developing our makeup and skin care segments, achieving meaningful milestones, such as the acquisition of Dr. Barbara Sturm and the extension of our partnership agreement with Charlotte Tilbury.
“The desirability and strength of our brands and geographic footprint have enabled us to outperform the premium beauty market as well as our mid-term revenue growth guidance,” he continued.
Puig’s fragrance and fashion activities combined made 3.54 billion euros, advancing 13.6 percent on a reported basis and 13.6 percent at constant perimeters. Makeup sales dipped 1.3 percent — in both a reported and organic basis — to 763 million euros, while the skin care activity generated 516.2 million euros, up 19.8 percent in reported terms and 7.4 percent like-for-like.
Puig will on Feb. 27 release full-year results and present midterm guidance.
