Puig Posts 4.4% Revenue Growth in First Results Since Estée Lauder Merger Talks Collapsed
EL sits 28% above its 52-week low of $66.22 on light trading volume (0.3× avg).
Summary
Puig reported first-half revenue of €2.35 billion, up 4.4% like-for-like, with net profit down 4.4% to €262.8 million. These are the first results since merger talks with Estée Lauder ended in May, shifting focus back to Puig's standalone growth. The company confirmed full-year guidance, expecting to outperform the premium beauty market. For Estée Lauder, the update removes a major overhang but highlights the competitive landscape as Puig demonstrates resilience. The Middle East conflict trimmed sales by 0.6%, a modest headwind. With the merger off the table, Estée Lauder's own restructuring and growth strategy remain in focus.
At the time of this announcement, EL was trading at $85.02 on NYSE in the Trade & Services sector, with a market capitalization of approximately $30.8B. The 52-week trading range was $66.22 to $121.64. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.