01.30.24
L’Occitane International announced its unaudited quarterly update for the period ending December 31, 2023.
The Group maintained solid growth in sales, with an overall growth of 19.9%. L’Occtaine reported growth was driven by outperformance of Sol de Janeiro and decent performance from ELEMIS.
Sol de Janeiro maintained sales growth of 199.1% at constant rates. Across all geographies, the brand saw triple-digit growth driven by the holiday season. Sol de Janeiro took advantage of holiday shopping with travel sets as well as new scent collections.
ELEMIS saw double-digit growth of 12% at constant rates. In the U.K. and U.S., the brand grew 23.2% and 19.4%, respectively. In 2023 ELEMIS earned its B Corp Certification rating that helped the brand gain momentum.
The Group maintained solid growth in sales, with an overall growth of 19.9%. L’Occtaine reported growth was driven by outperformance of Sol de Janeiro and decent performance from ELEMIS.
Sol de Janeiro maintained sales growth of 199.1% at constant rates. Across all geographies, the brand saw triple-digit growth driven by the holiday season. Sol de Janeiro took advantage of holiday shopping with travel sets as well as new scent collections.
ELEMIS saw double-digit growth of 12% at constant rates. In the U.K. and U.S., the brand grew 23.2% and 19.4%, respectively. In 2023 ELEMIS earned its B Corp Certification rating that helped the brand gain momentum.