HBW Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction

Lauder Slashes FY 2022 Outlook On China Woes Despite ‘Makeup Renaissance’ In Other Regions

Executive Summary

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.

You may also be interested in...



Beauty Multinationals Lean On North America As China’s COVID Shutdowns Upset Growth

China’s “zero-COVID” policy and associated lockdowns were felt deeply in the 2022 first quarter by cosmetics giants in neighboring countries and global market leaders. Effects likely will be more pronounced in Q2.

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 Raises FY 2022 Outlook As Sales Exceed Pre-Pandemic Levels

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.

Topics

UsernamePublicRestriction

Register

RS152477

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel