Reports – Beautifaire

17 Dec

HydraFacial Partners With JLo Beauty, The Beauty Health Company

Just before announcing its upcoming collaboration with JLo Beauty, Hydrafacial’s parent company, The Beauty Health Company, reported record-breaking first-quarter results when it comes to delivery system sales. Within the three months ended March 31, the corporate sold 1,849 delivery systems, leading to net sales of $75.4 million, up from $57.5 million in 2020. The corporate also raised its net sales guidance for the 12 months to a spread of $330 to 340 million, up from a spread of $320 to $330 million in 2021. Moreover, The Beauty Health Co. saw Google search trends for HydraFacial at an all-time high in quarter one, and now boasts a net promoter rating of 44, up from 40 in 2021. With the addition of its latest delivery systems,...

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31 Aug

Coty’s Stock Holds Regular Amid Reports Kylie Jenner Wants

by Beautifaire101

Beauty, Featured

Investors appeared unmoved by news that Kylie Jenner is reportedly following in her sister’s footsteps and looking out to purchase back her beauty business from Coty. The wonder company’s stock was up 0.9 percent at $11.66 in midmorning trading Thursday after Bloomberg reported that the truth star turned beauty mogul was trying to buy back the 51 percent stake of Kylie Cosmetics that Coty Inc. paid $600 million for in 2020 amid reported frustration over the way it has managed the brand. Representatives for Coty and Jenner didn't immediately reply to requests for comment. The news comes just weeks after it was reported that Kim Kardashian was also in talks to regain total ownership of her beauty business from Coty. Coty acquired a 20 percent...

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1 Jun

Macy’s Reports Tough First Quarter, Brings Guidance Down

by Beautifaire101

Beauty, Featured

Macy’s Reports Tough First Quarter, Brings Guidance Down

Macy’s Inc., seeing waning consumer demand, reported first-quarter top- and bottom-line declines and has revised its guidance for the yr downward. Net income for the quarter ended April 29 was $155 million, or $0.56 per diluted share, in comparison with $286 million, or $0.98 per share, within the year-ago period. Earnings before interest, taxes, depreciation and amortization got here to $466 million versus $684 million within the year-ago quarter. Net sales of $5 billion were down 7 percent in comparison with $5.35 billion in the primary quarter of 2022. Comparable sales were down 7.2 percent. Brick-and-mortar sales decreased 6 percent versus the primary quarter of 2022, and digital sales decreased 8 percent versus the primary quarter of 2022. In pre-market trading Thursday, Macy’s stock was...

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1 Jun

Nordstrom Reports Q1 Loss, Cites Progress in Improving Operations

by Beautifaire101

Beauty, Featured

Nordstrom Reports Q1 Loss, Cites Progress in Improving Operations

Nordstrom Inc., impacted by declining revenues and charges related to the withdrawal from Canada, reported a net lack of $205 million in the primary quarter, in comparison with a profit of $20 million within the year-ago period. For the primary quarter ended April 29, the Seattle-based retailer recorded $309 million of estimated pre-tax charges related to the wind-down of Canadian operations, consistent with its previously estimated range of $300 million to $350 million. The primary quarter 2023 results include Canadian operations through March 2, when it discontinued support for Nordstrom Canada. The corporate is early within the wind-down process and your entire shutdown of Nordstrom’s Canada operations — six shops, seven Rack units and e-commerce — needs to be accomplished this month. Nordstrom’s loss before interest and tax was $259...

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