• 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

    The Cannabis Glow Up
    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
    New OTC Natural Hemp Pain Relief Gel Arrives at cbdMD

    Amazon Adds SCS’ Carbon Neutral Certification to Its Climate Pledge Friendly Program

    Cosphatec Introduces Cosphaderm Dicapo Natural

    P&G Reports Solid Cash Results in Q3 of Fiscal 2021

    Hair Luxury Company Expands Availability of Its Vegan Beauty to Walmart Online
    Blog
    Online Exclusives
    Infographics
    Podcasts
    Whitepapers
    Videos
    Expert's Opinion
    HappiTV
    eBook
    Surveys
    International Top 30 Report
    Top 50 Report
    Top Companies
    24. John Paul Mitchell Systems

    5. Reckitt Benckiser

    5. Shiseido

    27. John Paul Mitchell Systems

    47. Dr. Bronner’s
    Actives
    Functional Ingredients
    Pigments
    Polymers
    Preservatives
    Surfactants

    Ball Care, a New Category in Men’s Grooming

    Jeen International Celebrates Its 25th Anniversary

    Jeffree Star Hospitalized After Car Crash

    What You're Reading on Happi.com

    Top Beauty Influencers
    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

    Amazon Adds SCS’ Carbon Neutral Certification to Its Climate Pledge Friendly Program

    Cosphatec Introduces Cosphaderm Dicapo Natural

    P&G Reports Solid Cash Results in Q3 of Fiscal 2021

    Hair Luxury Company Expands Availability of Its Vegan Beauty to Walmart Online

    ACI Appoints Director, State Government Affairs
    Lab Equipment
    Mixing
    Packaging
    Testing

    Arbonne's One Year Anniversary as a B Corp

    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
    Contract Manufacturing / Private Label Directory
    Buyer's Guide
    Add New Company
    Corporate Profiles
    International Buyers Guide Companies
    Praan Naturals

    QRS (Quality Resourcing Services)

    Croda

    Jeen International

    KLK OLEO
    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

    Skin Care Sales Soar as Lauder Posts Strong Q3

    Net sales rise 18% compared to Q3 in 2017.

    Skin Care Sales Soar as Lauder Posts Strong Q3
    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
    05.02.18
    The Estée Lauder Companies Inc. today reported strong financial results for its third quarter ended March 31, 2018. Net sales were $3.37 billion, an increase of 18%, compared with $2.86 billion in the prior-year quarter. Net earnings rose 25% to $372 million, compared with $298 million last year.
     
    Excluding the impact of foreign currency translation, net sales increased 13%. For the quarter, the positive impact of foreign currency translation on diluted net earnings per common share was $.11. Adjusting for the restructuring and other charges and adjustments, diluted net earnings per common share for the three months ended March 31, 2018 increased 30% to $1.17, and in constant currency rose 17%, said ELC.
     
     “Our company delivered another excellent quarter in what we expect to be an outstanding fiscal year. Many areas of our business that contributed to our strong first-half results continued to thrive in our third quarter, as we generated 13% sales growth and 17% adjusted earnings per share growth, each in constant currency,” said Fabrizio Freda, president and CEO. “Among our multiple engines of growth, travel retail, online and Asia again were standouts, and we experienced strong momentum in other high growth channels and markets. Our performance this quarter reflected robust global demand across our portfolio, with virtually all our brands posting sales growth. Each of our three biggest brands grew globally, with exceptional growth in Estée Lauder. These results reflect our strong array of hero products, as well as product and service innovations that resonated well with today’s diverse global consumers.”

    Freda added, “We continue to position our company for sustainable, profitable growth and long-term shareholder value creation, with strategic actions and targeted investments to build our brands and strengthen our assets. Our ability to anticipate prestige beauty trends enables us to quickly deploy our resources to capture potential growth opportunities. Amplifying our digital initiative to drive brand engagement, trial and loyalty is a priority.”

    During the fiscal 2018 third quarter, the company recorded restructuring and other charges of $100 million ($75 million after tax) in connection with its previously announced Leading Beauty Forward initiative.
     
    Skin care sales rose 31% in the quarter (25% in constant currency). Net sales growth benefited from increases in Asia, where skin care represents about two-thirds of the region’s product category mix. Growth also reflects strong innovations, gains from hero products, and the increasing demand from younger consumers, said ELC. There were “exceptional double-digit gains in most regions from La Mer, Estée Lauder, Origins and Glamglow, and Clinique achieved solid double-digit growth globally, according to ELC.
     
    Higher sales at Origins were generated in large part from the continued success of several product lines in the facial mask and moisturizer sub-categories. Glamglow’s sales gains reflected strength from its core facial mask products and targeted expanded consumer reach, said ELC while Clinique’s sales gains reflected increases in the brand’s Moisture Surge product line.
     
    Sales growth in makeup was primarily driven by strong double-digit increases from Estée Lauder and Tom Ford and solid gains from M•A•C and Clinique. Makeup sales for the quarter rose 9% (5% constant currency).
     
    Sales from Estée Lauder were fueled by the Double Wear foundation and Pure Color product lines. At Tom Ford, higher sales were driven primarily by strength in the eyeshadow sub-category. 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. Clinique’s sales growth stemmed primarily from emerging markets within Europe.
     
    These increases were partially offset by lower makeup sales in the United States, reflecting slow foot traffic in some U.S. brick-and-mortar stores.

    Fragrance saw a net sales increase, with results up 14% (7% constant currency), primarily due to strong double-digit gains from luxury brands.Jo Malone London delivered outstanding double-digit growth in every region and in travel retail.  Le Labo, By Kilian and Editions de Parfums Frédéric Malle each benefited from growth in existing products and targeted expanded consumer reach, said ELC. Partially offsetting these increases were lower sales of certain Estée Lauder fragrances.
     
    Related Searches
    • china
    • brand
    • leading beauty forward
    • consumers
    Related Knowledge Center
    • Fine Fragrance
    • Hair Care
    • 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
    In-Cosmetics Event Info In-Cosmetics Event Info
    Estée Lauder Adds and Expands Family-Related Benefits Estée Lauder Adds and Expands Family-Related Benefits
    Estée Lauder Adds To Board of Directors Estée Lauder Adds To Board of Directors
    CEW Reveals Beauty Award Finalists CEW Reveals Beauty Award Finalists

    Related Breaking News

    • Color Cosmetics | Skin Care
      Amazon Adds SCS’ Carbon Neutral Certification to Its Climate Pledge Friendly Program

      Amazon Adds SCS’ Carbon Neutral Certification to Its Climate Pledge Friendly Program

      Certifies products to multiple internationally recognized carbon neutral standards.
      Melissa Meisel, Associate Editor 04.20.21

    • Hair Care

      Charles Moses, Beauty Industry Veteran, Passes at 65

      Long-time cosmetic chemist started his career with Clairol in 1978.
      Christine Esposito, Managing Editor 04.20.21

    • Skin Care
      Cosphatec Introduces Cosphaderm Dicapo Natural

      Cosphatec Introduces Cosphaderm Dicapo Natural

      A blend with natural caprylyl glycol.
      Charles Sternberg, Assistant Editor 04.20.21


    • Color Cosmetics | Skin Care
      P&G Reports Solid Cash Results in Q3 of Fiscal 2021

      P&G Reports Solid Cash Results in Q3 of Fiscal 2021

      Net sales were $18.1 billion, a five percent increase versus the prior year.
      Charles Sternberg, Assistant Editor 04.20.21

    • Hair Care
      Hair Luxury Company Expands Availability of Its Vegan Beauty to Walmart Online

      Hair Luxury Company Expands Availability of Its Vegan Beauty to Walmart Online

      The brand is now available on Walmart.com, in local and regional beauty supply stores and on the brand's website.
      Melissa Meisel, Associate Editor 04.20.21

    • Skin Care
      Jergens Launches Mother’s Day Campaign

      Jergens Launches Mother’s Day Campaign

      Shines a light on nontraditional and under-recognized moms.
      Charles Sternberg, Assistant Editor 04.19.21


    • Actives | Functional Ingredients | Hair Care | Personal Cleansers | Polymers | Preservatives | Skin Care | Sun Care | Surfactants
      Jeen International Celebrates Its 25th Anniversary

      Jeen International Celebrates Its 25th Anniversary

      Its entrepreneurial approach to beauty has attracted more than 3,000 customers around the world.
      Tom Branna, Editorial Director 04.19.21

    • Color Cosmetics | Pigments
      Jeffree Star Hospitalized After Car Crash

      Jeffree Star Hospitalized After Car Crash

      Beauty entrepreneur suffers spinal injuries, expected to recover.
      Tom Branna, Editorial Director 04.18.21

    • Functional Ingredients | Hair Care | Skin Care | Surfactants
      What You

      What You're Reading on Happi.com

      The most-viewed news on our site for the week ended April 17, 2021.
      Tom Branna, Editorial Director 04.18.21


    • Color Cosmetics | Pigments | Skin Care
      Top Beauty Influencers

      Top Beauty Influencers

      Cosmetify ranks Huda Kattan, James Charles and others based on payments per post.
      Tom Branna, Editorial Director 04.17.21

    • Color Cosmetics | Personal Cleansers | Skin Care
      Former L’Oréal Exec Joins Glossier

      Former L’Oréal Exec Joins Glossier

      Kleo Mack appointed VP of brand.
      Tom Branna, Editorial Director 04.17.21

    • Hair Care | Household Cleaning | Laundry Care | Oral Care | Skin Care
      P&G Emphasizes Small Actions at Home To Be More Sustainable

      P&G Emphasizes Small Actions at Home To Be More Sustainable

      New campaign looks to close the gap between consumer intention and action.
      Christine Esposito, Managing Editor 04.16.21


    • Actives | Color Cosmetics | Fine Fragrance | Functional Ingredients | Hair Care | Skin Care
      L

      L'Oréal's Sales Jump on Gains in China and E-Commerce

      Skin care and hair care sales rise more than 20%.
      Tom Branna, Editorial Director 04.16.21

    • Color Cosmetics | Personal Cleansers
      PCPC Virtual Summit Features Legal & Regulatory Conference

      PCPC Virtual Summit Features Legal & Regulatory Conference

      Early bird pricing ends April 16.
      Charles Sternberg, Assistant Editor 04.15.21

    • 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

    Trending
    • Sunscreen On The Spot
    • BASF Increases Price Of Kaolin
    • P&G Emphasizes Small Actions At Home To Be More Sustainable
    • Formulating Liquid Laundry Detergents
    • Hallstar Beauty Names New President
    Breaking News
    • New OTC Natural Hemp Pain Relief Gel Arrives at cbdMD
    • Amazon Adds SCS’ Carbon Neutral Certification to Its Climate Pledge Friendly Program
    • Charles Moses, Beauty Industry Veteran, Passes at 65
    • Cosphatec Introduces Cosphaderm Dicapo Natural
    • P&G Reports Solid Cash Results in Q3 of Fiscal 2021
    View Breaking News >
    CURRENT ISSUE

    CBD Inside & Out

    • The Cannabis Glow Up
    • Mary Jane's Botanicals
    • A Closer Look at cbdMD
    • Is Cannabidiol Coming to Your City or Hamlet?
    • USDA's Final Rule on Hemp
    • A CBD Packaging Evolution
    • CBD Food & Supplement Market Is in Limbo
    • CBD New Product Development
    • 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

    Euromonitor Explores Cannabis User Profiles
    PepsiCo Aims to Scale Regenerative Farming Across 7 Million Acres by 2030
    Lonza Debuts Non-GMO ‘Made with Organic Collagen’ UC-II in the U.S.
    Coatings World

    Latest Breaking News From Coatings World

    PPG Publishes Sustainability Report
    Sherwin-Williams Launches Echelon
    BYK: New Dimension in High Throughput Screening
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Gynesonics Appoints Susan Stimson to Its Board of Directors
    Piezo Motion Debuts Piezoelectric Micro-Dosing Pump
    Riva Health Raises $15.5 Million for Breakthrough Mobile Cardiology Technology
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Evotec to Build Second Biologics Mfg. Facility in Toulouse
    Adare Pharma Names Ludger Roedder President of Adare Biome
    Johnson & Johnson 1Q Results
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Skin Match Technology Partners with Men-Only Grooming Platforms
    P&G Reports Solid Cash Results in Q3 of Fiscal 2021
    2021 Perfumed Plume Awards Announces Finalists
    Happi

    Latest Breaking News From Happi

    New OTC Natural Hemp Pain Relief Gel Arrives at cbdMD
    Amazon Adds SCS’ Carbon Neutral Certification to Its Climate Pledge Friendly Program
    Charles Moses, Beauty Industry Veteran, Passes at 65
    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

    GAA merges with AIMCAL
    Acucote expands Insights educational program
    S-OneLP launches Cannabis Resource Guide
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    P&G’s Sales Up 5%
    Ontex Tests Industrial Scale Diaper Composting
    Andritz to Supply Elliptical Cylinder Pre-Needler in France
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Surgalign Appoints Executive Vice President, Digital Surgery
    FDA OKs Zimmer Biomet's ROSA Partial Knee System
    AgNovos Healthcare's AGN1 LOEP SV Kit Obtains IDE
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Nano Dimension Acquires DeepCube Ltd.
    SEMI, Center for Automotive Research Collaborate
    Zebra Technologies Introduces New Alliance Track for PartnerConnect Channel Program

    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