The NYC-based beauty company reported a significant narrowing of Q3 net losses on Friday, thanks to cost-cutting measures which compensated for faltering sales and are soon to be expanded through a new optimization plan.
Beauty products maker Coty Inc missed revenue estimates for the second consecutive quarter on Wednesday, as hurricane Florence in the United States disrupted supplies of its luxury products to retailers.
FMCG major Procter & Gamble (P&G) net profit increased 25 percent to Rs 144 crore (approx $19.8 million) for the first quarter ended September 2018 due to strong volume growth and category development.
Estée Lauder dismissed fears of a slowdown in China as its quarterly results beat Wall Street estimates on Wednesday on booming demand for cosmetics and high-end skincare products in the Asian country.
Beiersdorf said it snatched market share away from rivals as it posted a 6 percent rise in organic group sales in the first nine months, boosted by strong performances at both its Consumer and Tesa businesses.