Financial News

Net Sales Exceed $2.68 Billion for L’Occitane International SA in FY2024

Results were driven by the strong performance of Sol de Janeiro and the steady performance of L’Occitane en Provence.

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By: Lianna Albrizio

Associate Editor

Net sales exceed $2.68 billion for L’Occitane International SA in FY2024. This represented sales growth of 19.1% at reported rates and 24.1% at constant rates were driven by the strong performance of Sol de Janeiro and the steady performance of L’Occitane en Provence, particularly in China, where it outperformed in a difficult market. Gross profit margin declined slightly to 79.3%, due to a higher wholesale mix. Operating profit declined by 2.5% to $250.1 million, due to increased marketin...

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