Financial News

  • Heads Roll at Avon

    Heads Roll at Avon

    January 8, 2016
    IT outsourcing leads to job cuts.


  • Jobs, Jobs and More Jobs in the US

    Jobs, Jobs and More Jobs in the US

    January 8, 2016
    Job gains expected to fuel rate hike.


  • Avon sells north american operations to Cerberus

    January 4, 2016
    After weeks of speculation, Avon North America will be separated from Avon Products into a privately-held company that will be majority-owned and managed by Cerberus Capital Management, a private equity firm. The move was initially cheered by inve…


  • Inter Parfums Predicts Solid Results in New Year

    January 4, 2016
    Inter Parfums, Inc. released its initial 2016 guidance, which calls for net sales in the range of $500 to $510 million compared to the 2015 guidance range of $460 to $470 million. Chairman and CEO Jean Madar commented, “As discussed in conne…


  • US Sales Rise for Revlon

    January 4, 2016
    Revlon posted mixed results for the third quarter ended Sept. 30, 2015. Net sales slipped 0.2% to $471.5 million as the US business reported gains, but international sales fell. Consumer segment net sales were flat at $348.1 million as gains from sal…


  • Q4, Full Year Results Slip for Edgewell

    January 4, 2016
    Edgewell Personal Care Company (EPC) posted results for the full year and fourth quarter that ended Sept. 30, 2015. This is Edgewell’s first quarter following the spin-off of its household products business on July 1, 2015. The histor…


  • Home Care Boosts Sales at Henkel

    January 4, 2016
    Driven by exceptional gains in home care, Henkel’s third quarter sales rose 8.4% to $4.9 billion. Corporate organic sales rose 3.2%. By unit, laundry and home care organic sales rose 5.5%; beauty organic sales rose 2.1% and adhesive sales incre…


  • Makeup, Fragrance Big at LVMH

    January 4, 2016
    LVMH Moët Hennessy Louis Vuitton’s perfumes and cosmetics unit reported a 16% surge in sales to $3.5 billion for the first nine months of 2015. On an organic basis, sales rose 7%. According to management, Parfums Christian Dior continued t…


  • Sales Down at Diversey Care

    January 4, 2016
    Sealed Air reported that Diversey Care’s net sales decreased 8.9% to $502 million in the third quarter. However, volume increased 2.5% and favorable  price/mix was 1.4%. In the third quarter, Diversey’s sales rose 2.7% to $1.75 bi…


  • Church & Dwight Sees Gains in Q3

    January 4, 2016
    Third quarter 2015 reported net sales increased or 2.4% to $861.8 million at Church & Dwight. Organic sales growth for the third quarter 2015 was 3.2%, driven by volume growth of 2.2% and 1.0% favorable product mix and pricing. “We are e…


  • First Quarter Business Slips At Elizabeth Arden

    January 4, 2016
    Elizabeth Arden, Inc. posted financial results for its first quarter of fiscal 2016 ended Sept. 30, 2015. Net sales fell 1.6% to $266.0 million. By segment, in the first fiscal quarter, North America segment net sales were flat, and international…


  • Record Increases At Prestige Brands Holdings

    January 4, 2016
    Prestige Brands Holdings—which touts a diverse product range with brands such as Dramamine motion sickness medication, Comet household cleaners and E.P.T. pregnancy tests—says second quarter revenues increased 13.7% over the prior year pe…


  • Business Booming at Ulta

    January 4, 2016
    Ulta says net sales in the third quarter increased 22.1% to $910.7 million. Comparable sales—for stores open at least 14 months and e-commerce business—increased 12.8%, driven by 10.6% growth in transactions and 2.2% growth in averag…


  • The Worst Job in America?

    The Worst Job in America?

    January 3, 2016
    P&G CEO David Taylor may be in for a rough 2016.


  • Ackman Trims Stake in Valeant

    Ackman Trims Stake in Valeant

    January 3, 2016
    Hedge fund maverick hedges his bet.