L’Occitane Fiscal 2024 Earnings: Net Income Down 18.6 Percent

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Net sales at L'Occitane reached 25.4 billion euros, a 19.1 percent year-over-year increase compared to fiscal 2023.

group that is seeking to go private, reported results for the year ending March 2024 after the market close on Monday.

The company said that net sales reached 25.4 billion euros, a 19.1 percent year-over-year increase compared to fiscal 2023. Operating profit fell 2.5 percent year-over-year, which the company said was mainly due to increased marketing spent in key markets and channels.Express Yourself: Crazy Hairstyles Ruled Men's Beauty Looks at Milan Fashion Week Spring 2025 Shows

“Retail sales globally grew 3 percent at constant rates, mostly contributed by the relative improvement of the retail environment inbrand and sustained growth from its core L’Occitane en Provence label, which recorded “double-digit growth” in the Chinese market. Sol de Janeiro, known for its fragrance mists and body products, delivered 167 percent growth for the period and has become the company’s second-largest brand and largest contributor to its profitability, with an operating margin of 23.6 percent, according to the company., the British skin care brand, were flat due to noticeable sales declines in the U.S. and the U.K. markets in the fourth quarter.

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