Puig (PUIG) Q1 Earnings: Sales Gain 7.8 Percent, Spurred by Fragrances

PARIS – Puig’s first-quarter sales rose 7.8 percent on a reported basis and 7.5 percent in like-for-like terms, bolstered by its fragrances and business in the Americas and Asia-Pacific regions.

Sales at the Spanish beauty and fashion company reached 1.21 billion euros in the three months ended March 31.

“We’re off to a strong start in 2025, continuing to outperform the premium beauty market,” said Marc Puig, chairman and chief executive officer of Puig, in a statement issued after the market close Monday. “Once again, our largest segment – fragrances and fashion – is our top performer, which is a testament to the strength of our prestige and niche brands, and the desirability and resilience of our portfolio.

“We’re also pleased to see growth across all regions, with the Americas outperforming,” he continued. “Looking ahead, we maintain our 2025 outlook in spite of the challenging global macroeconomic environment.”

In the quarter, fragrance and fashion’s sales reached 896.4 million euros, representing a 10.4 percent rise; makeup’s sales were 165.3 million euros, declining 4.2 percent, while skin care’s sales reached 144.2 million, a 7.8 percent gain.

The Europe, Middle East and Africa region generated 643.8 million euros, or 53 percent of Puig’s quarterly sales; the Americas generated 451 million euros, and the Asia-Pacific region brought in 111.1 million euros.

Puig maintained its full-year 2025 guidance for like-for-like revenue growth in the 6 percent to 8 percent range, plus adjusted earnings before interest, taxes, depreciation and amortization expansion.

“This outlook factors in the impact of U.S. tariffs at currently expected levels, as well as Puig’s initiatives and responses – such as moderate regional price increases – aimed at mitigating the potential effect on profitability,” the company said in a statement.