Ulta Projects Continuing Makeup Headwinds, Lowers Guidance For Fiscal 2019
Executive Summary
Over the fiscal 2019 first half, “we've continued to expand our market share across most categories, increased our brand awareness, delivered double-digit growth in active loyalty members, increased traffic and delivered double-digit growth in almost every key merchandise category,” said Ulta CEO Mary Dillon 29 August. However, worsening makeup trends have induced the firm to reset full-year targets.
You may also be interested in...
Eldest Kardashian Sis Launching CBD Serum With Hora Skincare
Kourtney of the “Keeping Up With” clan has partnered with Hora Skincare to launch Hyaluronic Halo + CBD Serum. Announced 6 September, the $50 product will be available exclusively through Kardashian’s Poosh lifestyle platform.
Lauder CFO On China, Hong Kong Unrest And ‘Most Disruptive Market,’ The US
The Estee Lauder Companies has been working to realign its US business in order to meet consumers where they increasingly shop, while contending with a massive influx of indie brands. CFO Tracey Travis discussed US challenges, as well as the company’s continued optimism about China, at the Barclays Global Consumer Staples Conference 4 September.
Lauder Forecasts 7%-8% Sales Growth In FY 2020 Despite Cooling In Key Markets
Amid global recession fears, Lauder anticipates continued double-digit growth in fiscal 2020 in China and travel retail, albeit at slower rates than seen in recent years. The firm booked 9% reported sales growth to roughly $14.9bn for the fiscal 2019 full year, fueled by a record-setting innovation program.