Puig’s first-half sales rose 9.6% to 2.2 billion euros ($2.4 billion at current exchange rates) in the first half 2024. But net profits fell 26% to 153.8 million euros ($171 million). CEO Marc Puig blamed the costs related to its initial public offering and employee bonuses for the disappointing earnings. During a presentation to analysts, Puig maintained he expects annual growth of 6-7% through 2027. Puig also noted that the company’s share of the selective fragrance category gre...