Breaking News

Sales Rise 7% at Estée Lauder

March 14, 2013

• The Estée Lauder Companies Inc. reported net sales for its second quarter ended Dec. 31, 2012 rose 7% to $2.93 billion.

For the six months ended Dec. 31, 2012, the company reported a 5% increase in net sales to $5.48 billion. Net sales grew in each of the company’s geographic regions and major product categories.
Estée Lauder began the second half of its fiscal year by successfully launching another wave of its Strategic Modernization Initiative in early January, a key driver to achieving additional long-term efficiencies, according to Fabrizio Freda, president and chief executive officer.

“Our recent increased strategic marketing spending behind key innovations and existing winning products in countries with good momentum should help drive sales growth in coming months,” he said.
Looking ahead, Freda expects continued solid growth in the US and many emerging markets and e-commerce and improving trends in travel retail. For the full fiscal year, Estée Lauder is re-affirming its sales growth forecast of between 6% and 7% in local currency.

Although the global prestige beauty industry continues to experience mixed results and overall growth has slowed from the prior year, the company’s performance was broad-based, generating local currency sales gains in each of its geographic regions and major product categories, according to Lauder. Sales growth was solid in the US and certain developed countries and strong overall in emerging markets.
  • Fit for Fitness

    Fit for Fitness

    Christine Esposito, Associate Editor||February 21, 2017
    Kinx Active is a new brand targeting women who want beauty products that can stand up to their fitness routines.

  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Cashing In on Coconuts

    Cashing In on Coconuts

    Melissa Meisel, Associate Editor||February 6, 2017
    Organic to Green is making waves for its new oils and eco-friendly packaging.

  • Trade Association Directory 2017

    February 2, 2017
    Contact details of trade associations that serve various segments of our industry and are mentioned frequently in Happi.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.