Puig Brands, S.A. (ES:PUIG)
BME:PUIG
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Earnings Data
Report Date
Sep 04, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.45Last Year’s EPS
0.44Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominately positive operational and financial story: record revenues above EUR 5 billion, margin expansion, strong adjusted EBITDA and cash generation, standout performance in makeup and Asia Pacific, and a strengthened balance sheet. However, management was transparent about notable near‑term headwinds (foreign exchange, tariffs, Argentina hyperinflation), some margin pressure in specific segments (Fragrance & Fashion and Skincare), and associate/brand‑specific challenges. On balance, the positive execution, broad‑based growth, improved profitability and balance sheet flexibility outweigh the headwinds, though FX and select integration/investment costs remain items to monitor for 2026.Company Guidance
Record Revenue and Top‑End Like‑for‑Like Growth
Net revenues surpassed EUR 5.0 billion for FY2025, representing +7.8% like‑for‑like growth and +5.3% reported growth — at the top end of guidance (6%–8% LFL). Q4 net revenues reached EUR 1.45 billion with 9.8% like‑for‑like growth.
Strong Profitability and Cash Generation
Gross profit margin improved to 75.1% (up ~19 bps vs. 2024). Adjusted EBITDA was EUR 1.045 billion with a margin of 20.7% (+49 bps vs. 2024). Adjusted net profit was EUR 587 million (+6.5% YoY) and free cash flow conversion was 64% of adjusted EBITDA.
Makeup Segment Outperformance (Charlotte Tilbury-led)
Makeup revenues reached EUR 845 million, up +13.7% like‑for‑like (Q4 like‑for‑like +26.5%). Charlotte Tilbury delivered exceptional performance, expanded distribution (Amazon U.S., new market Mexico), and retained strong ranking (#1 UK prestige makeup, #3 U.S.).
High Growth in Asia Pacific
Asia Pacific was the fastest‑growing region with EUR 530 million in sales and +21.7% like‑for‑like growth for FY2025 (Q4 +18.9% LFL), driven by Charlotte Tilbury, Niche and Derma brands (noting some benefit from consolidation effects not expected to repeat).
Fragrance & Fashion Resilience and Market Position
Fragrance & Fashion (72% of group revenues) delivered EUR 3.6 billion and +6.4% like‑for‑like growth. Puig defended global value market share at 11.1% and saw double‑digit outperformance from its Niche portfolio (Byredo) and strong performances from Carolina Herrera and Jean Paul Gaultier.
Skincare Delivered Consistent Growth
Skincare revenues were EUR 551 million, up +8.9% like‑for‑like (Q4 EUR 141 million, +7.9% LFL). Growth led by Uriage (double‑digit) and supported by Charlotte Tilbury skincare and new product launches.
Improved Balance Sheet and Capital Allocation
Net debt reduced to EUR 716 million (leverage 0.7x net debt/adjusted EBITDA, ~0.4x improvement YoY). Operational cash flow improved to EUR 684 million; CapEx ~4% of net revenues. Board proposed a 40% payout ratio translating to EUR 237 million dividend (EUR 0.42/share, subject to AGM).
Operational Progress and Strategic Momentum
Completed previous 5‑year strategic plan (more than tripled 2020 revenue by 2025). Ongoing operational initiatives include transition of Chartres production plant (move to new site by H1 2027) and a planned Capital Markets Day on April 14, 2026 to present the next roadmap.
ES:PUIG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ES:PUIG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | €15.84 | €16.24 | +2.54% |
Sep 09, 2025 | €15.57 | €14.48 | -6.98% |
Feb 27, 2025 | €18.37 | €17.13 | -6.78% |
Sep 06, 2024 | €23.62 | €20.39 | -13.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Puig Brands, S.A. (ES:PUIG) report earnings?
Puig Brands, S.A. (ES:PUIG) is schdueled to report earning on Sep 04, 2026, TBA (Confirmed).
What is Puig Brands, S.A. (ES:PUIG) earnings time?
Puig Brands, S.A. (ES:PUIG) earnings time is at Sep 04, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Puig Brands, S.A. stock?
The P/E ratio of Puig Brands, S.A. is N/A.
What is ES:PUIG EPS forecast?
ES:PUIG EPS forecast for the fiscal quarter 2026 (Q2) is 0.45.