forecast – Beautifaire

30 Nov

Coty Raises Revenue Forecast, Cancels Sale of Partial Wella

Coty Inc. has lifted its full-year revenue forecast because the fragrance effect shows no sign of abating, concurrently it revealed it has canceled the sale of a part of its Wella stake. Buoyed by sales of the likes of Burberry Goddess, Burberry Her and Gucci Flora, the sweetness company now expects full-year like-for-like revenue growth of between 9 percent and 11 percent, ahead of its recently raised guidance of 8 percent to 10 percent. It continues to focus on adjusted earnings per share of between 44 cents and 47 cents for the 12 months as a complete, implying growth of as much as 25 percent. “This demonstrates the strength of our strategy and the strength of our portfolio,” said chief executive officer Sue...

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18 May

Bath & Body Works Surpasses Wall Street Forecast in

by Beautifaire101

Beauty, Featured

Bath & Body Works Surpasses Wall Street Forecast in

Bath & Body Works beat Wall Street forecast on each the highest and bottom lines on Thursday. The corporate reported net sales of nearly $1.4 billion for the primary quarter ended April 29, a decrease of 4 percent in comparison with the identical period a 12 months earlier, but above analysts’ expectations. Net income was $81 million, down from $155 million, the corporate said. Adjusted earnings per diluted share got here in at 33 cents for the primary quarter, down from 64 cents a 12 months ago, but additionally beating analyst forecasts of 26 cents. Bath & Body Works updated its full-year forecast to reflect better-than-expected bottom line results and the impact of the gain on the early extinguishment of debt in the...

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3 May

The Estée Lauder Cos. Lowers Full Yr Forecast –

by Beautifaire101

Beauty, Featured

The Estée Lauder Cos. Lowers Full Yr Forecast –

The Estée Lauder Cos. has once more lowered its outlook as a result of a slower than expected recovery in Asia. Net sales for the complete yr are forecast to diminish between 10 percent and 12 percent, in comparison with the prior yr. It previously forecast a 5 percent to 7 percent drop. Adjusted diluted earnings per common share are expected to fall between 50 percent and 51 percent, compared with the previous forecast for a 27 percent to 29 percent decline. “Because the shape of recovery from the pandemic for Asia travel retail comes into higher focus, it's proving to be each much more volatile than we expected and more gradual relative to what we experienced in other regions. We're, due...

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1 Feb

E.l.f. Beauty Raises Full-year Forecast as Sales Surge –

by Beautifaire101

Beauty, Featured

E.l.f. Beauty Raises Full-year Forecast as Sales Surge –

E.l.f. Beauty ended last 12 months with a bang, ringing in its sixteenth consecutive quarter of sales growth and enabling it to once more raise its full-year outlook. While the U.S.’s uncertain economic backdrop could also be weighing on some, especially within the prestige sector, the Oakland, California-based mass beauty company saw double-digit sales growth across all key categories. Net sales gained 49 percent year-over-year to hit $146.5 million in E.l.f.’s third quarter ending Dec. 31. Analysts polled by Factset had forecast sales of $137 million. Because of this, E.l.f. updated its outlook for fiscal 2023 to reflect an expected 38 to 39 percent year-over-year increase in net sales, as in comparison with an expected 22 to 24 percent year-over-year increase previously. Net income...

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