Sales – Page 2 – Beautifaire

25 Mar

Oddity Q4 2023 Earnings: Beats Sales, Earnings Forecasts

Oddity topped Wall Street forecasts in the ultimate three months of 2023 because it prepares to launch brands three and 4 next yr. The publicly listed owner of skincare brand SpoiledChild and makeup line Il Makiage reported net revenue of $97 million in its fourth quarter, in comparison with $67 million a yr earlier. Wall Street had forecast $85.9 million, based on Factset. Net income was $5.1 million in comparison with a net lack of $700,000 within the fourth quarter of 2022. Adjusted diluted earnings per share were 17 cents, up from 1 cent a yr earlier. Analysts were expecting 9 cents. Providing a brand update, global chief financial officer Lindsay Drucker Mann told WWD that two-year-old SpoiledChild delivered $110 million in net...

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6 Mar

Why U.S. Cosmetics Sales Are Suffering

by Beautifaire101

Beauty, Featured

The prestige makeup world is a murky place immediately, particularly within the U.S. market. Industry sources said numbers from the NPD Group in the primary quarter showed significant declines in sales across a few of the biggest makeup brands, including MAC, Urban Decay, and Anastasia Beverly Hills — which is alleged to be down greater than 20 percent. The corporate didn't immediately reply to a request for comment. Other big name brands, including Bobbi Brown, Smashbox, Tarte, Stila and Chanel makeup, were also said to have posted dips within the quarter. In all, NPD said makeup sales were down 3 percent through April. Industry sources questioned those numbers, saying that the agency can’t track exclusive or direct-to-consumer brands, and that sales from those...

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25 Dec

Beiersdorf 2021 Sales Driven by Tesa, La Prairie and

by Beautifaire101

Beauty, Featured

Beiersdorf 2021 Sales Driven by Tesa, La Prairie and

PARIS — German consumer goods company Beiersdorf AG’s 2021 organic sales rose 9.7 percent to 7.63 billion euros, outpacing pre-pandemic levels of 2019. In reported terms, the Hamburg, Germany-based maker of Nivea products’ sales increased 8.6 percent, spurred by its Tesa, La Prairie and Derma businesses. Implied organic sales growth within the fourth quarter was around 2.6 percent, in keeping with Bernstein. “Beiersdorf seems to have had an OK end of the yr in organic growth…in step with consensus, but corporations reporting till now had material beats on organic growth,” wrote Bernstein analyst Bruno Monteyne in a note Tuesday. For the yr, Beiersdorf’s consolidated EBIT margin was up 10 basis points to 13 percent. The corporate’s Tesa Business Segment, producer of adhesives, posted organic growth...

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2 Dec

Rinascente on Track to Hit 1B Euro in Sales,

by Beautifaire101

Beauty, Featured

Rinascente on Track to Hit 1B Euro in Sales,

MILAN — Officially kicking off the vacation season with one of the expansive brand takeovers the department store has ever orchestrated, Rinascente is on target to hit the 1 billion euro sales mark this yr, breaking the previous record. The retailer’s jewel-in-the-crown location overlooking the Duomo cathedral in Milan unveiled Chanel Wonderland Thursday night, a takeover of the French maison that runs through Jan. 4. “This move is the apotheosis of our strategy as a media company,” Rinascente chief executive officer Pierluigi Cocchini told WWD ahead of the inauguration. “It’s interesting that an organization like Chanel — one of the evocative and reputable brands on the planet — has decided to partner with Rinascente Duomo on a Christmas takeover, an important moment for them,”...

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