Breaking News

Estée Lauder Raises Earnings Outlook

May 2, 2014

New skin care and makeup products will propel gains.

Driven by the launch of  skin care and makeup products, Estee Lauder Cos Inc raised its earnings forecast for the full year. The company, which plans to launch a new shower gel and body lotion as well as limited edition mascara and repair sets, raised its earnings forecast to $2.86-$2.90 per share from $2.80-$2.87. Analysts on average were expecting $2.87 per share.


Estee Lauder also said it expects global prestige beauty, to which the company belongs, to grow about 3 to 4% in 2014.

Earlier, Estee Lauder reported an 8 percent rise in third-quarter sales from the Americas, its biggest market, while Asia Pacific sales rose 14%. Sales rose 11% to $2.55 billion. Sales growth is ahead of the category and large prestige beauty peers L'Oréal SA and LVMH indicating strong share gains for Estée Lauder in the period, Stifel Nicolaus analysts said.Analysts had raised doubts about whether the luxury market can sustain the double-digit growth it has enjoyed in recent years, due to a slowdown in China.


"For the remainder of the fiscal year we also expect our growth will continue to be fueled by our success in high-growth channels and emerging markets", Estee Lauder Chief Executive Fabrizio Freda said.


Smaller rival Avon Products Inc on Thursday reported lower-than-expected quarterly results, hurt by a drop in sales in key markets such as Russia, the United States and Mexico.


Estee Lauder said net income attributable to the company rose to $213.2 million, or 54 cents per share, from $178.8 million, or 45 cents per share, a year earlier.
  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • The Top Stories of 2016

    The Top Stories of 2016

    December 26, 2016
    The companies and topics that grabbed headlines and your attention this year.

  • On the Edge

    On the Edge

    January 6, 2017
    Expanding beauty brands to watch in 2017

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna, Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.