×
585
Fashion Jobs
KARADI PATH EDUCATION COMPANY PRIVATE LIMITED
Senior Area Sales Manager - Karadi Path Education Company
Permanent · Chennai
SENSO FOODS PRIVATE LIMITED
Area Sales Manager/sr. Sales Executive For "Corporate Sales"
Permanent · Ahmedabad
ALGOR SUPPLYCHAIN SOLUTIONS PRIVATE LIMITED
Hiring For Sales Manager in Logistic co| Hyderabad | Goa
Permanent · Bengaluru
A2V INSURANCE BROKERS PRIVATE LIMITED
Area Sales Manager
Permanent · Ludhiana
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Mumbai
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Namakkal
Permanent · Namakkal
ARKRAY HEALTHCARE PVT. LTD
Opening For Medical Business Manager(mr)- Delhi Chennai & Bangalore
Permanent · Chennai
PUMA
Studio Operations Manager
Permanent · Bengaluru
ELICO LIMITED
Requirement For Production Manager
Permanent · Hyderabad
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - up
Permanent · Faizabad
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - up
Permanent · Mahoba
ELECTRONICA FINANCE LTD
Area Sales Manager - Machinery Loan(Delhi ,Faridabad & Ghaziabad)
Permanent · Faridabad
IOTECHWORLD AVIGATION PVT LTD
Production Manager Engineer (Design & Development)
Permanent · Gurugram
CLASSIC SEARCH PVT LTD
Manager Production
Permanent · Bengaluru
CLASSIC SEARCH PVT LTD
Manager Production
Permanent · Bengaluru
SWASTIKA INVESTMART LTD
Opening For Branch Manager/Area Sales Manager
Permanent · Raipur
PARAISO REALTY PVT LTD
Sales Manager /Associate / Senior Associate - Real Estate Sales
Permanent · Lucknow
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - Rewari
Permanent · Rewari
EVOKE SALES CORPORATION
Area Sales Manager/ Sales Manager
Permanent · Nashik
PARAISO REALTY PVT LTD
Real Estate Manager/Asst. Sales Manager/Sales Manager/Sales Executive
Permanent · Lucknow
SARTHEE CONSULTANCY
Production Manager
Permanent · Vadodara
TALENTUM LABS
Area Sales Manager
Permanent · Bengaluru
By
Reuters
Published
Aug 21, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

MAC and Tom Ford give big boost to Estée Lauder

By
Reuters
Published
Aug 21, 2017

Estée Lauder Cos Inc's stock hit a record high after it forecast full-year profit and sales ahead of Street views and posted higher-than-expected quarterly results as the cosmetics maker sold more products from brands such as M.A.C and Tom Ford.


MAC Cosmetics


Despite the challenges of declining foot traffic in U.S. department stores, Estée Lauder has been benefiting in global markets such as Italy and China, where more customers are visiting brick-and-motor stores.

Sales in Europe, the Middle East and Africa, and in Asia-Pacific climbed 11.4 percent to $1.72 billion in the fourth quarter ended June 30.

"Many international department stores continue to generate very healthy growth, especially those in high-traffic touristic destinations like Harrods," Chief Executive Fabrizio Freda said on Friday on a conference call with analysts.

Estée Lauder will also start selling products in LVMH's Sephora in most European countries, he added.

Sales in the makeup unit, the company's biggest business, surged 16 percent to $1.31 billion. Revenue was boosted by the acquisition of Too Faced and BECCA Cosmetics late last year, which added about 3.5 percentage points to sales growth.

Coupled with that, double-digit growth in revenue in China and at duty-free stores at airports and online, helped total sales rise by 9 percent to $2.89 billion.

Analysts on average had expected sales of $2.85 billion, according to Thomson Reuters I/B/E/S.

The company is poised for growth due to its distribution to well-performing beauty retailers, such as ULTA Beauty, online players, and as demand for Estee Lauder's products from a growing middle class in China has been strengthening, Oppenheimer & Co analysts said in a pre-earnings client note.

Estée Lauder's results were in contrast to rival L'Oreal SA , which last month reported lower-than-expected quarterly sales and profit.

On Friday, Estée Lauder said it expects net sales for full-year 2018 of $12.77 billion to $12.88 billion and adjusted profit of $3.87-$3.94 per share.

Analysts on average estimated full-year profit of $3.79 per share and sales of $12.60 billion.

Net income attributable to Estée Lauder rose to $229 million, or 61 cents per share, in the quarter, from $94 million, or 25 cents per share, a year earlier.

Excluding items, the company earned 51 cents per share, beating estimates of 43 cents.

Shares of Estée Lauder, which said it would launch a second limited edition makeup collection from Victoria Beckham next month, touched a record high at $105.96 in morning trading.

© Thomson Reuters 2021 All rights reserved.