Puig Beats Sales Forecasts as Makeup Growth Offsets Skin Care Dip
Puig reported stronger-than-expected third-quarter sales growth, with robust demand for Charlotte Tilbury makeup offsetting softer skin care and a broader cooldown in post-pandemic fragrance demand.
By Mireia Merino and Marta Serafinko, Spanish beauty company Puig BME:PUIG said Wednesday that third-quarter sales growth exceeded expectations. Strong demand for Charlotte Tilbury makeup helped balance weaker skin care and a wider easing in post-pandemic fragrance demand. The results come as…