Q3 beat, guidance hike boost Puig shares

About this update from Puig Brands, S.a. Class B

** Shares in Puig Brands BME:PUIG rise 8.6% after Q3 sales beat** The Spanish beauty company's net sales rise 6.1% lfl to 1.30 billion euros, which J.P.Morgan says is above the consensus of 4.5% growth** JPM adds the beat is driven by robust performance in makeup, boosted by the pipelining of its Charlotte Tilbury brand in the U.S.** The broker also points to the revised 2025 guidance; Puig now expects to grow at the mid-point of its 6-8% LFL range** The shares, sitting among top performers of STOXX 600 TVC:SXXP index, are on track for their best day in a year, if gains hold($1 = 0.8575 euros)

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