• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Formulary
    • Exclusives
    • Top Companies
    • Raw Materials
    • End-User
    • Packaging
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Formulary
  • Exclusives
  • Top Companies
  • Raw Materials
  • End-User
  • Packaging
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    A Conversation with the Responsible Flushing Alliance

    Nice-Pak Meets Consumer Demands

    Wipes Manufacturers Meet Demand Surge

    Home Care Wipes: Sustainability in Sharper Focus as Cleaning Frenzy Simmers Following Pandemic

    Formulating with Alternatives In Personal Care Products
    Online Exclusives
    Association News
    Breaking News
    Financial News
    Industry News
    International
    Marketing News
    New Products
    News Front
    Packaging News
    Patents
    Personnel
    Regulations
    Snapshots
    Top News
    Live From Shows
    Top News
    Biolage Unveils ColorBalm Hair Conditioners With Hair Color Benefits

    HCPA Opens Registration for New Horizons Cleaning Industry Conference

    Cosmoprof Worldwide Bologna Is Postponed Again

    Amyris Buys Another Beauty Brand

    Hallstar Beauty Names New President
    Blog
    Online Exclusives
    Infographics
    Podcasts
    Whitepapers
    Videos
    Expert's Opinion
    HappiTV
    eBook
    Surveys
    International Top 30 Report
    Top 50 Report
    Top Companies
    49. Method

    The International Top 30 Report

    26. McBride plc

    25. Sunstar

    47. Atlantic Coast Brands
    Actives
    Functional Ingredients
    Pigments
    Polymers
    Preservatives
    Surfactants

    Videobite: Innospec's Answer to the 1,4-Dioxane Problem

    BASF Increases Price of Kaolin

    Kao Launches Online Beauty Store in Europe

    Carlyle To Acquire Majority Stake in Beautycounter

    Kao Promotes Hand Washing
    Air Care/Environmental Fragrance
    AP/Deo
    Color Cosmetics
    Disinfectants
    Fine Fragrance
    Hair Care
    Household Cleaning
    I&I Marketplace
    Laundry Care
    Oral Care
    OTC/Medicated
    Packaging
    Personal Cleansers
    Skin Care
    Sun Care
    Testing

    Biolage Unveils ColorBalm Hair Conditioners With Hair Color Benefits

    Cosmoprof Worldwide Bologna Is Postponed Again

    Amyris Buys Another Beauty Brand

    Hallstar Beauty Names New President

    The Fragrance Foundation Announces the 2021 Awards Finalists
    Lab Equipment
    Mixing
    Packaging
    Testing

    Admix Appoints COO to Advance Manufacturing, Supply Chain & Regulatory Compliance

    Tesco Eliminates Plastic Bags from Online Orders

    Hourglass To Launch Sustainable Cosmetics Line

    Carbon Data for Personal Care Labels

    L’Oréal Hong Kong Launches Cross-Brand Recycling Program
    Contract Manufacturing / Private Label Directory
    Buyer's Guide
    Add New Company
    Corporate Profiles
    International Buyers Guide Companies
    Centerchem Inc

    Vantage Specialty Ingredients

    Ashland

    Croda

    Resolute Oil
    Live From Shows
    Meetings
    Webinars
    Snapshots
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Formulary
    • Directories
      • Buyer's Guide
      • Contract Manufacturing / Private Label Directory
      • Corporate Profiles
      • Add Your Company
    • Raw Materials
      • Actives
      • Functional Ingredients
      • Pigments
      • Polymers
      • Preservatives
      • Surfactants
    • End-User
      • Air Care/Environmental Fragrance
      • AP/Deo
      • Color Cosmetics
      • Disinfectants
      • Fine Fragrance
      • Hair Care
      • Household Cleaning
      • I&I Marketplace
      • Laundry Care
      • Oral Care
      • OTC/Medicated
      • Packaging
      • Personal Cleansers
      • Skin Care
      • Sun Care
      • Testing
    • Packaging
      • Lab Equipment
      • Mixing
      • Packaging
      • Testing
    • Top Companies
      • International Top 30 Report
      • Top 50 Report
    • Online Exclusives
    • Experts Opinion
    • Slideshows
    • HappiTV
    • Videos
    • Podcasts
    • eBook
    • Infographics
    • Blog
    • Whitepapers
    • Surveys
      • R & D Salary Survey
      • Sales & Marketing Salary Survey
    • Job Banks
    • Events
      • Industry Events
      • Live from show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Estée Lauder Companies Q2 Sales Rise 17%

    Skin care up sharply globally, as slower foot traffic impacts US makeup sales.

    Estée Lauder Companies Q2 Sales Rise 17%
    Related CONTENT
    • Estée Lauder EVP-Communications To Retire
    • Estée Lauder Expands Beautiful Fragrance Collection
    • Guangzhou Builds Beauty Park To Woo L'Oréal, Estée Lauder
    • What You're Reading on Happi.com
    • ex-Chanel and Estée Lauder Execs Back New Beauty Brand
    02.02.18
    For the second quarter ended December 31, 2017, the Estée Lauder Companies Inc.’s net sales were $3.74 billion, an increase of 17%, compared with $3.21 billion in the prior-year quarter. Incremental sales from the company’s acquisitions of Too Faced and Becca contributed approximately two percentage points of the reported sales growth.
     
    Net earnings were $123 million, and include provisional one-time charges of $394 million related to the U.S. Tax Cuts and Jobs Act (TCJA) that was signed into law in December 2017. On a diluted earnings per share basis, including the one-time charges and restructuring and other charges, the company earned $.33. In the prior-year second quarter, the company reported net earnings of $428 million and diluted earnings per share of $1.15. Adjusting for the restructuring and other charges and the impact of the TCJA provisional charges, diluted net earnings per common share for the three months ended Dec. 31, 2017 increased 25% to $1.52, and in constant currency rose 23%.
     
    “In our second quarter we continued our strong momentum and generated stellar results. In constant currency, our sales grew 14%, led by exceptional strength in travel retail, global online and Asia, along with strong double-digit growth in several markets in Europe, including Italy and Benelux,” said Fabrizio Freda, president and CEO. “We delivered double-digit sales gains across most product categories and many brands, including Estée Lauder, luxury brands and most mid-sized brands. In the holiday season, our brands achieved outstanding results from their e-commerce businesses, and customizable gift options were significant contributors. These elements, along with our accelerating cost saving efforts and our progress executing our Leading Beauty Forward initiatives, resulted in an impressive adjusted 23% earnings per share growth in constant currency.

    According to Freda, ELC’s strong results, “combined with future benefits we expect from the passage of the new Tax Cuts and Jobs Act, further enhance our ability to strategically invest in faster-growing areas of prestige beauty to attract new consumers. Our strategy is sound and effective, and we have the brands, resources and talent to continue above-industry growth in our second half and full fiscal year.”

    In skin care, net sales increased sharply, with exceptional double-digit gains from Estée Lauder, La Mer, Origins and Glamglow, and strong growth from Clinique. The Estée Lauder brand grew globally, particularly in China and travel retail, due largely to the continued success of the recently launched Advanced Night Repair Eye Concentrate Matrix and gains in other Advanced Night Repair products. La Mer was driven by the success of new products in its Genaissance collection, the launch of The Moisturizing Matte Lotion, gains from existing products, and targeted expanded consumer reach. Origins generated sales growth in every region, particularly Asia, as well as in travel retail due to the continued success of several product lines in the facial mask and moisturizer sub-categories. Sales gains from Glamglow reflected additional product assortments and targeted expanded consumer reach. Clinique’s sales gains reflected increases in the brand’s Moisture Surge product line.

    These increases were partially offset by lower skin care sales from Aveda, which faced an unfavorable comparison to the prior-year period due to the launch of the brand’s Tulasara line of products, ELC said.

    Strong sales growth in makeup was primarily driven by incremental sales from the company’s fiscal 2017 second quarter acquisitions of Too Faced and Becca, exceptionally strong double-digit increases from Tom Ford, and strong double-digit gains from Estée Lauder. Higher makeup sales were also generated from M•A•C. Sales from Tom Ford were driven primarily by strength in the eyeshadow and lip color sub-categories. At Estée Lauder, higher sales were fueled by the Double Wear foundation and Pure Color lip product lines. The higher sales from M•A•C were due to strong growth in the Asia/Pacific region, particularly China and Hong Kong, and in travel retail, as well as success in the specialty-multi channel in the United States.

    These increases were partially offset by lower makeup sales in the United States, reflecting slow foot traffic in some US brick-and-mortar stores.

    Fragrance net sales increased, primarily due to strong double-digit gains from our luxury brands and Estée Lauder, noted ELC. Jo Malone delivered outstanding double-digit growth in travel retail and generated sales increases in every region, with double-digit growth in Europe and Asia/Pacific, reflecting strong growth from existing fragrances, targeted expanded consumer reach and the recent launch of the English Oak fragrances.

    Increased sales from Tom Ford reflect, in part, the continued success of the Private Blend line of fragrances, including new product launches and growth from existing fragrances. Le Labo, By Kilian and Editions de Parfums Frédéric Malle each benefitted from growth in existing products and new launches and targeted expanded consumer reach.

    Hair care sales rose reflecting gains from Aveda and Bumble and bumble. Aveda grew, driven by solid performance in the online channel, while growth from Bumble and bumble was driven by the launch of the brand in Ulta Beauty. Partially offsetting the sales growth was softness in the salon channel, which impacted both brands, and lower sales in freestanding stores for Aveda.
     
    Related Searches
    • makeup
    • e-commerce
    • moisturizing
    • lip
    Related Knowledge Center
    • Fine Fragrance
    • Color Cosmetics
    • Skin Care
    Suggested For You
    Estée Lauder EVP-Communications To Retire Estée Lauder EVP-Communications To Retire
    Estée Lauder Expands Beautiful Fragrance Collection Estée Lauder Expands Beautiful Fragrance Collection
    Guangzhou Builds Beauty Park To Woo L Guangzhou Builds Beauty Park To Woo L'Oréal, Estée Lauder
    What You What You're Reading on Happi.com
    ex-Chanel and Estée Lauder Execs Back New Beauty Brand ex-Chanel and Estée Lauder Execs Back New Beauty Brand
    Estée Lauder Creates New Equity and Engagement Center of Excellence Estée Lauder Creates New Equity and Engagement Center of Excellence
    Estée Lauder Signs Actress Ana de Armas Estée Lauder Signs Actress Ana de Armas
    Estée Lauder Appoints SVP, New Business Development Estée Lauder Appoints SVP, New Business Development
    What You What You're Reading on Happi.com
    Net Zero Emissions for Estée Lauder Companies Net Zero Emissions for Estée Lauder Companies
    Estée Lauder Appoints MAC Leadership Estée Lauder Appoints MAC Leadership
    Their Own Devices Their Own Devices
    Travel the Globe with Estée Lauder Travel the Globe with Estée Lauder
    Q1 Sales Surge at Estée Lauder Q1 Sales Surge at Estée Lauder
    Tom Ford Opens London Shop Tom Ford Opens London Shop

    Related Breaking News

    • Color Cosmetics
      Biolage Unveils ColorBalm Hair Conditioners With Hair Color Benefits

      Biolage Unveils ColorBalm Hair Conditioners With Hair Color Benefits

      A new line of vegan, color-depositing conditioners in seven shades.
      Melissa Meisel, Associate Editor 04.15.21

    • Actives | Functional Ingredients | Hair Care | Skin Care

      New Synthetic Biology Coalition Formed in US

      Genomatica backs new formation to promote investment and support for the industry.
      Christine Esposito, Managing Editor 04.15.21

    • Color Cosmetics
      Cosmoprof Worldwide Bologna Is Postponed Again

      Cosmoprof Worldwide Bologna Is Postponed Again

      The show will return from March 10-14, 2022.
      Charles Sternberg, Assistant Editor 04.15.21


    • Color Cosmetics
      Amyris Buys Another Beauty Brand

      Amyris Buys Another Beauty Brand

      Acquires Gen-Z focused EcoFabulous Cosmetics the day after it buys an AI company.
      Christine Esposito, Managing Editor 04.15.21

    • Color Cosmetics
      Hallstar Beauty Names New President

      Hallstar Beauty Names New President

      Germano Coelho previously served the company as the Beauty division's global commercial vice president.
      Charles Sternberg, Assistant Editor 04.15.21

    • Fine Fragrance
      The Fragrance Foundation Announces the 2021 Awards Finalists

      The Fragrance Foundation Announces the 2021 Awards Finalists

      Also reveals the 2021 Honorees for Lifetime Achievement Perfumer and Hall of Fame.
      Charles Sternberg, Assistant Editor 04.14.21


    • Functional Ingredients | Hair Care | Skin Care
      BASF Increases Price of Kaolin

      BASF Increases Price of Kaolin

      Higher prices for skin and hair care ingredient blamed on cost pressures in manufacturing, labor and logistics.
      Tom Branna, Editorial Director 04.14.21

    • Actives | Functional Ingredients | Skin Care
      Kao Launches Online Beauty Store in Europe

      Kao Launches Online Beauty Store in Europe

      Sensai-cosmetics.com provides personalized beauty services tailored to individual needs.
      Tom Branna, Editorial Director 04.14.21

    • Skin Care
      Neutrogena Takes Action on Skin Health Disparities

      Neutrogena Takes Action on Skin Health Disparities

      “For People With Skin” is a multi-faceted plan to address inequities including access and dermatologist training with skin of color.
      Christine Esposito, Managing Editor 04.14.21


    • Actives | Color Cosmetics | Functional Ingredients | Personal Cleansers | Skin Care
      Carlyle To Acquire Majority Stake in Beautycounter

      Carlyle To Acquire Majority Stake in Beautycounter

      The $1 billion acquisition fast-tracks growth in the clean beauty space.
      Tom Branna, Editorial Director 04.13.21

    • Hair Care
      Clean Hair Brand Vegamour Announces $80 Million in Private Equity Funding

      Clean Hair Brand Vegamour Announces $80 Million in Private Equity Funding

      General Atlantic investment will help fuel organic e-commerce growth, NPD and expansion into new channels and geographies.
      Christine Esposito, Managing Editor 04.13.21

    • Hair Care
      NatureLab. Tokyo’s Hair Care Launches in Ulta Beauty Stores

      NatureLab. Tokyo’s Hair Care Launches in Ulta Beauty Stores

      Marks the Japanese indie beauty brand’s largest brick-and-mortar rollout to date.
      Melissa Meisel, Associate Editor 04.13.21


    • Skin Care | Sun Care
      Supplement Said To Deliver Anti-Aging and Sun Protection Benefits

      Supplement Said To Deliver Anti-Aging and Sun Protection Benefits

      Inner Glow was developed by dermatologist Dr. Noreen Galaria and a plastic surgeon.
      Christine Esposito, Managing Editor 04.13.21

    • Skin Care
      Mini Bloom is New Clean Skin Care for Babies

      Mini Bloom is New Clean Skin Care for Babies

      Range created by co-founder of Goldfaden MD skin care.
      Christine Esposito, Managing Editor 04.13.21

    • Color Cosmetics
      Professional Beauty Association Opens Registration for Summit

      Professional Beauty Association Opens Registration for Summit

      Business strategy expert is keynote speaker at this executive event in Scottsdale.
      Melissa Meisel, Associate Editor 04.12.21

    Trending
    • Sunscreen On The Spot
    • Henkel Appoints New EVP Of Beauty Care
    • Neutrogena Takes Action On Skin Health Disparities
    • Top Trending Skin Care Products Of 2021
    • Clean Hair Brand Vegamour Announces $80 Million In Private Equity Funding
    Breaking News
    • Biolage Unveils ColorBalm Hair Conditioners With Hair Color Benefits
    • New Synthetic Biology Coalition Formed in US
    • HCPA Opens Registration for New Horizons Cleaning Industry Conference
    • Cosmoprof Worldwide Bologna Is Postponed Again
    • Amyris Buys Another Beauty Brand
    View Breaking News >
    CURRENT ISSUE

    Household & Personal Care Wipes Spring 2021

    • A Conversation with the Responsible Flushing Alliance
    • Nice-Pak Meets Consumer Demands
    • Wipes Manufacturers Meet Demand Surge
    • Home Care Wipes: Sustainability in Sharper Focus as Cleaning Frenzy Simmers Following Pandemic
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Arla Foods Enters New Partnership to Reduce Malnutrition With Dried Papaya Snack
    Metabolaid Botanical Extract Evidenced to Reduce Blood Pressure
    BIO-CAT Microbials’ OPTI-BIOME Probiotic Strain Receives FDA 'Letter of No Objection' on GRAS Status
    Coatings World

    Latest Breaking News From Coatings World

    Jebsen & Jessen, Innospec Sign Distribution Agreement
    SONGWON, Chemo International Inc. Announce Distribution Partnership
    ChemQuest Group Hires Director
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Acutus Medical Receives FDA Clearance of AcQCross
    Thermo Fisher Scientific to Acquire PPD for $17.4 Billion
    Portable Medical Devices Market to Reach $100 Billion by 2027
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Obituary Notice: Russell “Russ” Haines
    Abenza Chooses North Carolina for New Biologics Manufacturing Site
    Catalent Adds Cryogenic Capabilities at Philadelphia Facility
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Loud Lacquer Partners with Hush Puppies
    Tula Teams Up with 5 Influencers To Launch Skin Kits
    HipDot Launches a Reese's Makeup Collection
    Happi

    Latest Breaking News From Happi

    Biolage Unveils ColorBalm Hair Conditioners With Hair Color Benefits
    New Synthetic Biology Coalition Formed in US
    HCPA Opens Registration for New Horizons Cleaning Industry Conference
    Ink World

    Latest Breaking News From Ink World

    Kumon North America Adds Speedmaster XL 106 from Heidelberg
    SE-DA Invests in Kornit Presto S
    Acrylic Resins Market Worth $21.9 Billion by 2025: MarketsandMarkets
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Epson SurePress reaches milestone
    Maxcess updates user interface for Fife guiding Sensor
    Bobst announces virtual packaging industry event
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    First Quality to Discontinue Tampon Operations
    Freedonia Tracks Demand for Personal Hygiene Nonwovens
    TMC Supplies Sevinçler with D-Namic Stacker and Bagger
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Mainstay Medical Launches ReActiv8 in Australia
    Biogennix Rolls Out Agilon Strip Bone Graft
    Global Bone Tumor Ablation Devices Market to Top $111 Million by 2027
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Virtual ASMC 2021 Spotlights Advanced Semiconductor Manufacturing Excellence
    LG Display Cuts Down CO2-eq Emissions by 3 Million Tons in 2020
    European Commission's Innovation Radar Acknowledges 3 ARMOR Innovations

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login