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10 Aug

Olaplex Shares Tumble on Worse-Than-Expected Eranings – WWD

Olaplex Shares Tumble on Worse-Than-Expected Eranings – WWD
Cult hair care brand Olaplex’s shares slid as much as 25 percent in Tuesday morning trading after it cut forecasts as its second-quarter performance fell in need of Wall Street’s expectations, but offset a few of those losses later within the day. The corporate, which went public through an initial public offering in 2021, is forecasting net sales within the range of $445 million to $465 million for fiscal-year 2023. That is roughly $144 million lower than its previous forecast. JuE Wong, Olaplex’s president and chief executive officer, said: “We've got updated our assumptions for the rest of the yr and reduced our fiscal 2023 outlook. We're intently focused on stabilizing demand trends within the second half of 2023, while increasing and...
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3 May

The Estée Lauder Cos. Shares Tumble on Downgraded Outlook

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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19 Dec

Google’s Top Trending Celebrity Red Carpet Searches Include Julia

Google’s Top Trending Celebrity Red Carpet Searches Include Julia
Google has revealed its list of top trending searches for 2022, and a select list of celebrities got here out on top for the most-Googled red carpet moments of this 12 months. This 12 months’s list of celebrities and red carpet moments range from expected names, like Julia Fox, to unexpected red carpet stars, like Wesley Snipes. Here, the highest trending searches of the 12 months. Amber Heard Amber Heard arrives at 2022 The Art of Elysium’s Heaven party in Los Angeles on Jan. 14. Getty Images for Art of Elysium Amber Heard set the web ablaze attributable to her controversial defamation trial against her ex-husband Johnny Depp. The trial held in Fairfax County, Virginia, from April 11 to June 1 ruled on...
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