Douglas, the German perfumery chain, has announced its financial results for the third quarter of fiscal 2023/4, revealing a 7.3% increase in group sales to €977.1 million. On a like-for-like basis, sales grew by 7.4%, driven by a 7.2% increase in physical store sales and a 7.5% rise in e-commerce revenue.
Significant developments this quarter included the reopening of its flagship store in Vienna and the rollout of a redesigned website and app in early September, reflecting the premium branding of Douglas.
For the first nine months of the fiscal year, Douglas reported an 8.7% increase in sales, reaching €3.5 billion. As a result, the company has revised its sales growth forecast upward to 8.5%.
Sander van der Laan, CEO of the Douglas Group, commented, “Our sustained strong performance and growth exceeding expectations highlight the resilience of our business model. Our focus on premium beauty continues to resonate with customers, and we are committed to building on this success and reinforcing our strong brand.”
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