Company News, Financial News

Sales Exceed $2.18 Billion for L’Occitane International

Net sales grew 19.8% at reported rates to $2.33 million, exceeding the $2.19 billion mark for the first time.

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By: Lianna Albrizio

Associate Editor

L’Occitane International SA delivered strong double-digit growth against a challenging macroeconomic backdrop, for fiscal year 2023 ended March 31.   This included surging global inflation, widespread recession fears and a sharp Covid-19 related consumer pullback in China – one of its largest markets. Net sales grew 19.8% at reported rates to $2.33 million, exceeding the $2.19 billion mark for the first time. Excluding the impact of the deconsolidation of the US subsidiary last year, sal...

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