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20 Sep

Coty Lifts Sales Outlook on Back of Fragrance Boom

by Beautifaire101
Beauty, Featured
Coty Lifts Sales Outlook on Back of Fragrance Boom
Coty Inc. raised its full-year sales outlook because the fragrance effect shows no sign of slowing. The wonder company, which holds the fragrance licenses for myriad brands comparable to Gucci and Hugo Boss, said that within the 4 weeks because it released its latest quarterly earnings it has seen strong momentum in beauty demand across key markets and categories, particularly in prestige fragrances as Burberry Goddess sets latest market records. Consequently, Coty is now expecting core like-for-like sales growth of between 8 percent and 10 percent for fiscal 2024, up from its earlier guidance of 6 percent to eight percent. At the identical time, Coty lifted its adjusted EBITDA forecast to between about $1.08 billion and $1.09 billion, from a variety of $1.07...
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9 Aug

Oddity Raises Outlook on Higher-than-expected Q2 Results – WWD

by Beautifaire101
Beauty, Featured
Oddity Raises Outlook on Higher-than-expected Q2 Results – WWD
Newly public Oddity Tech, the parent company of Il Makiage and SpoiledChild, has had one other success. After a better-than-expected public debut last month, the corporate just announced that it surpassed forecasts for the second quarter ended June 30, allowing it to boost its full-year outlook. Net revenue got here in at $151.3 million, up from $97.7 million a yr earlier and $11.8 million above estimates. Net income, meanwhile, was $30 million, compared with $16.6 million in the identical period a yr prior. On an adjusted basis, it was $32.3 million. Adjusted diluted earnings per share was 56 cents, up from 33 cents a yr earlier. “We delivered our strongest second quarter and year-to-date financial results ever, beating our plan on revenue and...
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3 May

The Estée Lauder Cos. Shares Tumble on Downgraded Outlook

by Beautifaire101
Beauty, Featured
The Estée Lauder Cos. Shares Tumble on Downgraded Outlook
Greater than three years after the worldwide COVID-19 pandemic began, the Estée Lauder Cos. continues to be reeling from its impact. The wonder giant and latest owner of Tom Ford has once more slashed its full-year forecasts for each the highest and bottom lines attributable to a slower-than-expected recovery in travel retail in Asia, its executive team revealed Wednesday, causing the corporate’s share price to tumble around 18 percent to $202.70. The lowered forecast comes despite an easing in lockdowns in mainland China, with sales within the region returning to growth within the third quarter. Lauder’s overall net sales for the total yr are actually forecast to diminish between 10 percent and 12 percent, greater than the previously expected 5 percent to 7...
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25 Aug

Ulta Beauty Surpasses Estimates in Q2, Raises Full 12

by Beautifaire101
Beauty
Ulta Beauty Surpasses Estimates in Q2, Raises Full 12
Ulta has raised its full-year outlook on the back of better-than-expected second-quarter results as consumers proceed to open their wallets at the wonder counter despite an uncertain economic backdrop. Net sales increased 16.8 percent year-over-year to $2.3 billion within the second quarter of the fiscal yr, in comparison with $2 billion in the identical period a yr earlier attributable to the “favorable impact from the continued resilience of the wonder category, the impact of recent brands and product innovation, and the easing of COVID-19 restrictions,” the corporate said. Analysts had forecasted sales of around $2.2 billion, in line with a Factset poll. All major categories exceeded Ulta’s expectations, and the retailer increased market share in prestige beauty versus last yr. In comparison...
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