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25 Aug

Ulta Beauty Raises Full-year Guidance – WWD

by Beautifaire101
Beauty, Featured
Ulta Beauty Raises Full-year Guidance – WWD
After a slew of weaker than expected results from the sweetness sector, Ulta bucked the trend, raising its full-year outlook on the back of a powerful second quarter. “Through the quarter, we drove growth across all major categories, increased the variety of loyalty members, and strengthened engagement with the Ulta Beauty brand,” said Dave Kimbell, chief executive officer. “The wonder category has continued to deliver healthy growth, as consumers maintain their post-pandemic routines and expand their definition of beauty.”  The wonder retailer now expects net sales to are available in at a spread between $11.05 billion and $11.15 billion. Previously it had forecast $11 billion to $11.1 billion. Estimates for diluted earnings per share have been lifted to $25.10 to $25.60, from...
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20 Aug

The Estée Lauder Cos. Releases Weaker Than Expected Guidance

by Beautifaire101
Beauty, Featured
The Estée Lauder Cos. Releases Weaker Than Expected Guidance
Updated Aug. 18 at 1:37 p.m. The Estée Lauder Cos.’ full-year forecasts fell in need of Wall Street estimates as the corporate’s struggles to regain footing within the Asia travel market proceed, despite a greater than expected set of fourth-quarter results. Lauder, which has a much greater travel retail business than a few of its competitors, has seen Asia travel retail pressured by the slower-than-anticipated recovery from the COVID-19 pandemic, especially in the favored vacation resort area Hainan. This in turn led its overall global travel business’ organic sales to slip 34 percent in its 2023 fiscal yr. At the identical time, U.S. sales have yet to climb back to pre-pandemic levels, while its California brands — Smashbox, Too Faced and Glamglow —...
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6 Jul

Coty Raises Q4 and FY 2023 Guidance – WWD

by Beautifaire101
Beauty, Featured
Coty Raises Q4 and FY 2023 Guidance – WWD
PARIS – Coty Inc. raised its fourth-quarter and full-year 2023 guidance throughout the group’s first investor conference in Paris on Thursday. It significantly increased the corporate’s financial outlook for the remaining of this yr, and got down to detail how Coty is leveraging its European heritage and end-to-end capabilities to realize strong and balanced growth. The group raised its guidance to 12 percent to fifteen percent sales growth on a like-for-like basis for the fourth quarter. Coty has also, for the third time this yr, increased its profit outlook for full-year 2023, when it expects now to succeed in adjusted EBITDA of $965 million to $970 million, against the previous guidance of $955 million to $965 million, despite incurring near $70 million...
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26 Oct

Symrise Raises Full-year Guidance Yet Again – WWD

by Beautifaire101
Beauty, Featured
Symrise Raises
Symrise Raises PARIS ­– Symrise Raises On the back of a powerful third quarter, Symrise AG has raised its full-year 2022 guidance yet again. The German fragrance and flavors supplier said in a press release on Wednesday that sales growth across each of its divisions was more robust than expected, up 13.6 percent overall on an organic basis to 975.2 million euros within the three months ended Sept. 30. In reported terms, sales rose 26.4 percent. Symrise’s Scent and Care division’s activity was spurred by the fragrance and fantastic fragrance activities, while demand for hygiene and oral care products was lower than in 2021. The Cosmetic Ingredients activity posted double-digit organic growth, and sun protection products notched up dynamic wins. Overall, the division’s...
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