L'Occitane quarterly net sales drop on virus impact

L'Occitane International (0973) said net sales for the three months ended June 30 fell 22.2 percent year-on-year to €274.2 million (HK$2.43 billion), due to lockdowns and store closures as the Covid-19 pandemic continued in Europe and the Americas.

Sales in Hong Kong plunged 60.9 percent year-on-year to €9.32 million in the quarter, while sales in China jumped 22.9 percent to €43.91 million.

Online channels grew by 95.8 percent and accounted for 52.6 percent of total net sales in the quarter ended June 30.