Puig Posts Strong Q4; Makeup Segment Drives Outperformance
Puig reported stronger-than-expected fourth-quarter results, with 9.8% organic sales growth beating consensus. Makeup led the quarter with a 26.5% like-for-like jump, aided in part by Amazon inventory loading. Fragrance, representing 72% of sales, grew 6.2% like-for-like, while skincare lagged. Full-year operating margin improved and management gui…