Lauder Raises FY 2022 Outlook As Sales Exceed Pre-Pandemic Levels
Executive Summary
The Estee Lauder Companies’ net sales in the fiscal 2022 second quarter climbed 14% to $5.54bn, surpassing pre-pandemic results. The New York-based beauty giant raised its full-year sales and earnings guidance, with plans for impactful innovations in addition to strategic near-term pricing.
You may also be interested in...
L’Oréal Strongest In Beauty ‘Brand Impact,’ While Lauder Gaining Value Fastest
L’Oréal is the most valuable beauty brand globally, according to consultancy Brand Finance’s annual report from its methodology ranking 50 most valuable brands in cosmetics, skin care, hair care and personal care. Estee Lauder ranked second.
Lauder Slashes FY 2022 Outlook On China Woes Despite ‘Makeup Renaissance’ In Other Regions
Estee Lauder says a strict COVID-related lockdown in China prompted an adjustment in full-year sales projections to 7%-9% growth, about half of its was earlier estimate. Global fragrance sales jumped reported 28% in latest quarter to $579m and makeup sales increased 9% to $1.11bn.
MoCRA’s Adulteration Ambiguity And FDA’s New Cosmetic Recall Authority: Attorney Weighs In
The US FDA should use guidance or rulemaking to clarify MoCRA provisions related to adulteration, Amin Wasserman Gurnani attorney Angela Diesch suggested at the Independent Beauty Association’s Cosmetics Convergence Spring Symposium. Attendees also sought her take on whether the agency’s new recall authority is likely to spell an increase in cosmetic product recalls.