Beauty retailer Douglas tops core profit expectations in Q3

German premium beauty retailer Douglas reported a smaller than expected drop in its quarterly core profit on Thursday, boosted by better than expected sales.

Adjusted earnings before interest, taxation, depreciations and amortisation (EBITDA) fell 2.9% to 158.2 million euros ($185.1 million) in its fiscal third quarter, above the average estimate of 143.8 million euros from analysts polled by Vara Research.

Douglas counts over 1,800 stores across Europe, according to Rithum. The omni-channel retailer's products span perfumes and cosmetics.