Latest news with #PabloFernandez
Fashion Network
28-04-2025
- Business
- Fashion Network
Puig outperforms forecasts with 8% sales growth in Q1
Puig, the Barcelona-based company behind perfume brands Rabanne, Carolina Herrera, and , posted an 8% rise in first-quarter sales on Monday, outperforming analysts' expectations. According to a recent note by Renta4 analyst Pablo Fernandez, the company reported €1.21 billion ($1.38 billion) in sales for the first three months of the year, exceeding a FactSet consensus estimate of €1.19 billion. The results come at a time when analysts expect revenue growth across the global beauty sector to slow, compounded by the looming threat of U.S. tariffs, which Puig has factored into its annual revenue outlook. Despite the strong quarter, Puig maintained its forecast for a slowdown in revenue growth to between 6% and 8% this year, following an 11% sales increase in 2024. The company noted that this forecast already accounts for the anticipated impact of tariffs in the United States, one of its largest markets. "These expectations include the impact of U.S. tariffs at currently anticipated levels," Puig said in a presentation. Puig may have benefited in the first quarter from stockpiling ahead of potential tariffs. However, Fernandez warned that over the medium term, the company could feel the effects of broader economic pressures linked to trade protectionism. Sales in Puig's core fragrance and fashion division rose by 10% during the quarter, while sales in its makeup division declined by 4.2%. Rival beauty group L'Oréal also reported stronger-than-expected first-quarter sales, with high demand for its skincare and fragrance products in Europe helping to offset a more challenging U.S. market. Regional performance remained a strong point for Puig. Half of its revenue came from Europe, the Middle East, and Africa, while a third was generated in the Americas, where Puig's sales grew by 12% during the first quarter.
Fashion Network
28-04-2025
- Business
- Fashion Network
Puig outperforms forecasts with 8% sales growth in Q1
Puig, the Barcelona-based company behind perfume brands Rabanne, Carolina Herrera, and , posted an 8% rise in first-quarter sales on Monday, outperforming analysts' expectations. According to a recent note by Renta4 analyst Pablo Fernandez, the company reported €1.21 billion ($1.38 billion) in sales for the first three months of the year, exceeding a FactSet consensus estimate of €1.19 billion. The results come at a time when analysts expect revenue growth across the global beauty sector to slow, compounded by the looming threat of U.S. tariffs, which Puig has factored into its annual revenue outlook. Despite the strong quarter, Puig maintained its forecast for a slowdown in revenue growth to between 6% and 8% this year, following an 11% sales increase in 2024. The company noted that this forecast already accounts for the anticipated impact of tariffs in the United States, one of its largest markets. "These expectations include the impact of U.S. tariffs at currently anticipated levels," Puig said in a presentation. Puig may have benefited in the first quarter from stockpiling ahead of potential tariffs. However, Fernandez warned that over the medium term, the company could feel the effects of broader economic pressures linked to trade protectionism. Sales in Puig's core fragrance and fashion division rose by 10% during the quarter, while sales in its makeup division declined by 4.2%. Rival beauty group L'Oréal also reported stronger-than-expected first-quarter sales, with high demand for its skincare and fragrance products in Europe helping to offset a more challenging U.S. market. Regional performance remained a strong point for Puig. Half of its revenue came from Europe, the Middle East, and Africa, while a third was generated in the Americas, where Puig's sales grew by 12% during the first quarter. Reuters
Fashion Network
28-04-2025
- Business
- Fashion Network
Puig outperforms forecasts with 8% sales growth in Q1
Puig, the Barcelona-based company behind perfume brands Rabanne, Carolina Herrera, and , posted an 8% rise in first-quarter sales on Monday, outperforming analysts' expectations. According to a recent note by Renta4 analyst Pablo Fernandez, the company reported €1.21 billion ($1.38 billion) in sales for the first three months of the year, exceeding a FactSet consensus estimate of €1.19 billion. The results come at a time when analysts expect revenue growth across the global beauty sector to slow, compounded by the looming threat of U.S. tariffs, which Puig has factored into its annual revenue outlook. Despite the strong quarter, Puig maintained its forecast for a slowdown in revenue growth to between 6% and 8% this year, following an 11% sales increase in 2024. The company noted that this forecast already accounts for the anticipated impact of tariffs in the United States, one of its largest markets. "These expectations include the impact of U.S. tariffs at currently anticipated levels," Puig said in a presentation. Puig may have benefited in the first quarter from stockpiling ahead of potential tariffs. However, Fernandez warned that over the medium term, the company could feel the effects of broader economic pressures linked to trade protectionism. Sales in Puig's core fragrance and fashion division rose by 10% during the quarter, while sales in its makeup division declined by 4.2%. Rival beauty group L'Oréal also reported stronger-than-expected first-quarter sales, with high demand for its skincare and fragrance products in Europe helping to offset a more challenging U.S. market. Regional performance remained a strong point for Puig. Half of its revenue came from Europe, the Middle East, and Africa, while a third was generated in the Americas, where Puig's sales grew by 12% during the first quarter. Reuters
Reuters
28-04-2025
- Business
- Reuters
Rabanne owner Puig posts 8% rise in first-quarter sales
MADRID, April 28 (Reuters) - Puig, the Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier, reported an 8% rise in first-quarter sales on Monday, beating analysts' expectations. The company reported 1.21 billion euros ($1.38 billion) in sales during the first three months of the year, beating a FactSet consensus of 1.19 billion euros cited by Renta4's analyst in a recent note. The results come as analysts expect global beauty companies' revenue growth to slow, and with the looming threat of U.S. tariffs that the Spanish company priced in to its annual revenue estimate. Puig maintained its expectation for a slowdown in revenue growth to 6%-8% this year following an 11% sales increase during 2024 partly due to tariffs in the U.S., one of its biggest markets. "These expectations include the impact of U.S. tariffs at currently anticipated levels," the company said in a presentation. Puig may have benefited in the first three months from stockpiling in anticipation of tariffs, but in the medium term it could be hit by the economic impact of trade protectionism, said Renta4 analyst Pablo Fernandez. Sales in its core fragrance and fashion business grew by 10% in the first quarter, while the company's make-up division fell 4.2%. Competitor L'Oreal also reported a rise in first-quarter sales, beating expectations for slower growth, as strong demand for its creams and perfume in Europe helped counter challenging conditions in the U.S. Half of Puig's revenue comes from Europe, the Middle East and Africa and a third from the Americas, where the company's sales grew 12% during the first quarter.
