Puig Posts 11% Rise in Third-Quarter Sales, Beats Expectations

The Barcelona-based firm behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier said net sales for the three-months ending Sept. 30 were €1.26 billion ($1.35 billion), above the average of €1.17 billion forecast by analysts polled by LSEG.

Puig, which made its debut on the Spanish stock exchange in May, is less exposed to the Chinese market than most of its peers. More than half of its net sales came from Europe, the Middle East and Africa, where they grew by 14 percent…