Spain · Delayed Price · Currency is EUR Puig Brands Earnings Call Transcripts
Fiscal Year 2026
-
Record Q1 2026 sales reached €1.215 billion, up 4.7% like-for-like, with all segments and regions contributing to growth. APAC delivered standout 26.1% like-for-like growth, while EBITDA margin guidance remains stable despite cost pressures. Ongoing merger talks with Estée Lauder continue.
Fiscal Year 2025
-
Record FY2025 revenue exceeded €5B with strong growth across all segments and regions, robust margins, and improved cash flow. 2026 guidance anticipates stable margins, continued investment, and ongoing FX/tariff headwinds, with selective M&A and a 40% dividend payout policy.
-
Q3 and nine-month results showed strong like-for-like growth across all segments, with standout performance in makeup and APAC. Guidance for FY2025 is reaffirmed at mid-range, with healthy retailer demand for the holiday season and continued margin expansion expected.
-
Delivered strong H1 2025 results with €2.3 billion in net revenues, 7.6% like-for-like growth, and improved margins. Fragrance and fashion led segment growth, while makeup and skincare showed solid gains. Outlook reaffirmed, with moderation expected in fragrance growth for H2.
-
Record H1 2025 sales of EUR 2.3 billion (+7.6% like-for-like) were driven by strong growth in all regions and segments, despite FX headwinds. Guidance for 6%-8% like-for-like growth and margin improvement is maintained, with innovation and new launches supporting momentum.
-
Record Q1 revenue growth of 7.5% was driven by strong fragrance and fashion performance, with double-digit gains in the Americas and robust APAC growth. Makeup declined but is expected to recover, while guidance for 6%-8% like-for-like growth is maintained despite market uncertainties.
Fiscal Year 2024
-
Record 2024 results with EUR 4.8B revenue (+11.3%), strong margin gains, and robust cash flow. Fragrance and fashion led growth, while makeup faced challenges from dupes. 2025 guidance targets 6%-8% like-for-like growth, with innovation launches skewed to H2 and risks from potential US tariffs.
-
Record FY2024 net revenue of €4.8B was driven by double-digit growth in fragrance and fashion, with strong EMEA and Americas performance and market share gains. Makeup was flat, skincare grew, and the Charlotte Tilbury spray issue was resolved.
-
Record Q3 and nine-month sales growth driven by strong fragrance, makeup, and skincare performance, with robust results in EMEA and the Americas. Confident FY2024 outlook, despite macro and FX headwinds, as premium beauty outpaces the market.
-
Net revenue grew 9.6% to EUR 2.2 billion in H1 2024, with record gross margin and strong adjusted EBITDA. Fragrance and skincare segments led growth, while makeup was impacted by APAC weakness and destocking. Confident in full-year guidance and strong H2 outlook.