Overview
- Puig, which reported Tuesday, logged €1.22 billion in Q1 sales and said merger talks with Estée Lauder have no final decision.
- Net sales rose 4.7% on a like-for-like basis and 0.8% on a reported basis, which the company said outpaced the premium beauty market.
- Fragrance and fashion generated 74% of revenue with 3.9% like-for-like growth, while makeup rose 9.2% on strong Charlotte Tilbury sales and skincare increased 4.7%.
- Asia-Pacific jumped 26.1% to €131 million as the Middle East slipped 1.2% due to regional conflict, with the CEO noting travel retail as the most affected part of that market.
- New CEO Jose Manuel Albesa highlighted a busy launch pipeline, including updates to Rabanne’s 1 Million and Invictus and a new Jean Paul Gaultier fragrance, and reaffirmed confidence in 2026 outperformance.