Bath & Body Works Beats Wall Street Forecasts in

16 Nov

Bath & Body Works beat Wall Street forecasts on the highest and bottom lines within the third quarter, however the crucial holiday season just isn't looking so strong. The retailer reported net sales of $1.56 billion for the third quarter ended Oct. 28, a decrease of two.6 percent in comparison with a 12 months ago, but above Wall Street estimates for $1.55 billion. Net income was $119 million, up from $91 million in 2022. Adjusted earnings per diluted share was 48 cents, again beauty analysts’ forecasts for 35 cents. Nevertheless, the corporate downgraded its full-year sales forecast. It now expects net sales to say no 2.5 percent to 4 percent. Previously it had forecast a drop of between 1.5 percent and three.5 percent. The...

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18 Oct

P&G Beats Wall Street Forecasts in Q1 – WWD

by Beautifaire101

Beauty, Featured

P&G Beats Wall Street Forecasts in Q1 – WWD

Procter & Gamble beat Wall Street forecasts in the primary quarter on the back of upper pricing. The buyer goods giant, whose brands include Oral-B, Head & Shoulders, Olay, Gillette, SK-II and Pampers, saw first quarter fiscal yr 2024 net sales are available at $21.9 billion, up 6 percent versus a yr ago and barely above Wall Street forecast of $21.58 billion. Earnings per share were $1.83, also surpassing estimates of $1.72. “We delivered very strong leads to the primary quarter of fiscal yr 2024, putting us on the right track to deliver towards the upper end of our fiscal yr guidance ranges for organic sales and core EPS growth,” said Jon Moeller, chairman of the board, president and chief executive officer. “The...

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5 Oct

Celebrating 60 years of Daido Moriyama’s visionary street photography

by Beauty Tips

Beauty, Featured

Celebrating 60 years of Daido Moriyama’s visionary street photography

Daido Moriyama is a relentless and restless photographer. “My body inevitably enters a trancelike state,” he once said, describing his devotion to image-making as an “infinite murmuring refrain”. Known for his unpretentious and democratic approach, the Japanese iconoclast has tirelessly documented the road for nearly 60 years, publishing his work in a whole lot of photobooks and countless magazines. He stays one among the world’s most prolific living photographers, using his lens to capture and comment on reality, capitalism, and the mass consumption of images.This weekend, an expansive retrospective of Moriyama’s work will open at The Photographers’ Gallery in London. It's the primary exhibition within the museum’s 52-year history to occupy your entire institution – from the gallery spaces on...

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5 Sep

Hungry for Beauty, Fragrance Marks & Spencer Taps Floral

by Beautifaire101

Beauty, Featured

Hungry for Beauty, Fragrance Marks & Spencer Taps Floral

LONDON — September is shaping as much as be a landmark month for Marks & Spencer, which is returning to the elite FTSE 100 index of the London Stock Exchange on the back of sales and profit growth, and investing further in its beauty business. Third-party brands are proving to be big money-spinners for the division and now represent 42 percent of total sales at M&S Beauty. The shop said it has been seeing a big crossover between clothing, home and wonder customers, and next month it'll begin stocking greater than 30 Estée Lauder fragrances in-store and online. This week the retailer launched Floral Street, the indie fragrance brand owned and run by Michelle Feeney, a former Estée Lauder Cos. executive. Although...

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