• 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
    Stepping into the Spotlight for 2021

    The Independent Beauty Association Supports Sensible Reform

    Essential Workers

    A Clean Commitment

    Deliver & Delight
    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
    CPG Sales Surged 19% During Pandemic

    P2 Science Appoints Daina Catanese as Marketing Specialist

    Pinterest Debuts AR Try On for Eyeshadow

    Commercial Business Drives Touchland’s Success

    Fortify+ is 'Anti-Bacterial' Skin Care
    Blog
    Online Exclusives
    Infographics
    Podcasts
    Whitepapers
    Videos
    Expert's Opinion
    HappiTV
    eBook
    Surveys
    International Top 30 Report
    Top 50 Report
    Top Companies
    28. Sunstar

    2. Colgate-Palmolive

    22. Zep

    30. Yanbal

    14. Revlon
    Actives
    Functional Ingredients
    Pigments
    Polymers
    Preservatives
    Surfactants

    CPG Sales Surged 19% During Pandemic

    Fortify+ is 'Anti-Bacterial' Skin Care

    Amyris To Enter Cannabinoid Beauty

    RB Buys Queen V

    NY's 1,4-Dioxane Law May Impact Concentrated Cleaners
    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

    CPG Sales Surged 19% During Pandemic

    Pinterest Debuts AR Try On for Eyeshadow

    Commercial Business Drives Touchland’s Success

    Fortify+ is 'Anti-Bacterial' Skin Care

    Coty Appoints Chief Procurement Officer
    Lab Equipment
    Mixing
    Packaging
    Testing

    Ross Introduces Double Cone Tumble Blender

    Happi Talks: Overnight Labels

    Three Form Vertical Beauty Alliance

    Logo Design Trends for 2021 & Beyond

    Coming Clean About Stink
    Contract Manufacturing / Private Label Directory
    Buyer's Guide
    Add New Company
    Corporate Profiles
    International Buyers Guide Companies
    Ashland

    Aptar Beauty + Home

    Centerchem Inc

    Jeen International

    Vantage Specialty Ingredients
    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

    Q1 Sales Fall at Estée Lauder

    Still, company execs say results were 'stronger than expected.'

    Q1 Sales Fall at Estée Lauder
    Related CONTENT
    • P2 Science Appoints Daina Catanese as Marketing Specialist
    • Pinterest Debuts AR Try On for Eyeshadow
    • Commercial Business Drives Touchland’s Success
    • Colonial Chemical Makes Promotions
    • NY's 1,4-Dioxane Law May Impact Concentrated Cleaners
    Happi Staff11.02.20
    At a time when everyone knows to expect the unexpected, executives at The Estée Lauder Companies say they are pleased with results for the fiscal first quarter, even though sales declined 9% to $3.56 billion. Net sales decline were driven by some temporary retail store closures and lower foot traffic in open stores attributable to COVID-19, partially offset by strong growth online. Travel retail net sales were relatively flat year-over-year and net sales from the company’s acquisition of Have&Be Co. Ltd. (“Dr. Jart+”) contributed approximately 3 percentage points of net sales growth.

    And although net earnings declined 12% to $523 million, ELC insisted that innovation representing over 30% of sales in the quarter, and the online channel thrived in every region. The copany successfully adjusted its cost structure to minimize the deleveraging effects of lower sales, while continuing to invest for growth, enhancing capabilities online and supporting innovation.

    "We are pleased with the stronger than expected start to our fiscal year amid this difficult moment as the global community continues to confront COVID-19," said President and CEO Fabrizo Freda. "We delivered significant sequential improvement in net sales growth in every product category driven by progress around the world. Asia/Pacific again excelled with double-digit year-over-year growth in mainland China. Travel retail was a stand-out performer as Chinese tourists were drawn to the growing duty-free shops in Hainan Island and purchase limits increased there."

    The company said that results were hampered by COVID-19, as the pandemic forced the closing of many retail locations throughout the world. For example:

    • In The Americas, approximately 20% of the stores were closed at the beginning of July 2020, and by the end of September 2020, nearly all retail stores had re-opened.

    • In Europe, the Middle East & Africa, approximately 15% of stores were closed at the beginning of July 2020, and nearly all were open by the end of September 2020.

    • In Asia/Pacific, nearly all retail stores were open during the entire quarter.

    • In addition, international travel has remained largely curtailed globally due to both government restrictions and consumer health concerns, which continues to adversely impact consumer traffic in most travel retail locations.

    However, the company noted that during the first quarter of fiscal 2021, online sales growth remained strong in every region as the company and its retailers activated digital strategies to capture consumer demand online. As a result, total net sales in mainland China, Korea and several other markets delivered strong growth year-over-year, and the sales growth rate improved in nearly every market globally.

    By category, skin care sales rose 10% to more than $2.0 billion, led by Estée Lauder and La Mer, and hair care sales were flat at $132 million—that's the good news. Makeup sales fell 32% to $978 million, fragrance sales fell 12% to $406 million and "other" sales fell 42% to $7 million.

    By region, the Americas sales declined 25%; while sales in Europe, the Middle East and Africa fell 8%. However, Asia/Pacific sales rose 9%.

    Related Searches
    • Actives
    • Skin Care
    • Hair Care
    • Fine Fragrance
    Related Knowledge Center
    • Hair Care
    • Fine Fragrance
    • Personal Cleansers
    Suggested For You
    Mutha Cracks The Code On Vitamin C Mutha Cracks The Code On Vitamin C
    Cleaner Clothes, Cleaner Planet Cleaner Clothes, Cleaner Planet
    Beauty by the Numbers: Supplement Sensation Beauty by the Numbers: Supplement Sensation
    Drink It In! Drink It In!
    Neutrogena Expands Hydro Boost for Hair Care  Neutrogena Expands Hydro Boost for Hair Care
    Moroccan Gold Series Launches NuDo Shampoo Moroccan Gold Series Launches NuDo Shampoo
    Youbody Debuts Waterless Body Wash Youbody Debuts Waterless Body Wash
    P2 Science Appoints Daina Catanese as Marketing Specialist P2 Science Appoints Daina Catanese as Marketing Specialist
    Pinterest Debuts AR Try On for Eyeshadow Pinterest Debuts AR Try On for Eyeshadow
    Commercial Business Drives Touchland’s Success Commercial Business Drives Touchland’s Success
    Colonial Chemical Makes Promotions Colonial Chemical Makes Promotions
    NY NY's 1,4-Dioxane Law May Impact Concentrated Cleaners
    Sabinsa Sabinsa's Top Scientist Addresses US FDA
    Weleda Celebrates 100 Years of Beauty Weleda Celebrates 100 Years of Beauty
    Nouryon Expands Board of Directors Nouryon Expands Board of Directors

    Related Breaking News

    • Color Cosmetics
      Pinterest Debuts AR Try On for Eyeshadow

      Pinterest Debuts AR Try On for Eyeshadow

      Browse eyeshadow shades, try on and purchase in-stock products.
      Melissa Meisel, Associate Editor 01.22.21

    • I&I Marketplace | Personal Cleansers
      Commercial Business Drives Touchland’s Success

      Commercial Business Drives Touchland’s Success

      Explosive increase in annual B2B revenue and new hire.
      Christine Esposito, Managing Editor 01.22.21

    • Actives | Skin Care
      Fortify+ is

      Fortify+ is 'Anti-Bacterial' Skin Care

      Co-founder of Yes To launches new line formulated with zeolite.
      Christine Esposito, Managing Editor 01.22.21


    • Color Cosmetics | Fine Fragrance
      Coty Appoints Chief Procurement Officer

      Coty Appoints Chief Procurement Officer

      Promotes Stéphane Delbos to the leadership position.
      Charles Sternberg, Assistant Editor 01.22.21

    • Actives | Skin Care
      Amyris To Enter Cannabinoid Beauty

      Amyris To Enter Cannabinoid Beauty

      Acquires Terasana and will offer new branded products.
      Christine Esposito, Managing Editor 01.22.21

    • Functional Ingredients | Personal Cleansers
      RB Buys Queen V

      RB Buys Queen V

      Expands presence in feminine hygiene category.
      Tom Branna, Editorial Director 01.22.21


    • Actives | Skin Care
      Sabinsa

      Sabinsa's Top Scientist Addresses US FDA

      Kalyanam Nagabhushanam presents on curcuminoids and other nutritional ingredients.
      Tom Branna, Editorial Director 01.21.21

    • Skin Care
      Ipsy Adds New Personal Care Brand

      Ipsy Adds New Personal Care Brand

      Refreshments offers hand and body cream, body wash, wipes and shave.
      Christine Esposito, Managing Editor 01.21.21

    • Fine Fragrance
      John Masters Organics Rolls Out Roll-On Fragrances

      John Masters Organics Rolls Out Roll-On Fragrances

      Essential oil blends fuels these wellness formulations for aromatherapy.
      Melissa Meisel, Associate Editor 01.21.21


    • Actives
      Nouryon Expands Board of Directors

      Nouryon Expands Board of Directors

      Former CFO of Eastman Chemical Company joins Microsoft leader Noelle Walsh.
      Melissa Meisel, Associate Editor 01.21.21

    • Skin Care
      Flow Launches Collagen Waters

      Flow Launches Collagen Waters

      Beauty booster is available in three flavors: Blood Orange, Pomegranate & Meyer Lemon.
      Melissa Meisel, Associate Editor 01.21.21

    • Actives | Functional Ingredients
      Associations Congratulate Biden & Harris

      Associations Congratulate Biden & Harris

      Personal Care Product Council and American Cleaning Institute executives look forward to working with the new Administration.
      Happi Staff 01.20.21


    • Hair Care
      David Stanko Joins JPMS

      David Stanko Joins JPMS

      Steps into newly created role of technical director of hair color.
      Melissa Meisel, Associate Editor 01.20.21

    • Actives | Functional Ingredients | Household Cleaning | Personal Cleansers | Preservatives | Skin Care
      Ashland Acquires Schülke & Mayr

      Ashland Acquires Schülke & Mayr's Personal Care Business

      All-cash transaction expected to close later this year.
      Christine Esposito, Managing Editor 01.20.21

    • Actives | Functional Ingredients | Oral Care | Personal Cleansers
      FDA Issues New Guidance On Pharmaceutical Alcohol

      FDA Issues New Guidance On Pharmaceutical Alcohol

      Agency has concerns about methanol contamination in drug products other than hand sanitizer.
      Happi Staff 01.20.21

    Trending
    • Formulating Liquid Laundry Detergents
    • Amyris To Enter Cannabinoid Beauty
    • RB Buys Queen V
    • Ashland Acquires Schülke & Mayr's Personal Care Business
    • Nailing It In 2020
    Breaking News
    • CPG Sales Surged 19% During Pandemic
    • P2 Science Appoints Daina Catanese as Marketing Specialist
    • Pinterest Debuts AR Try On for Eyeshadow
    • Commercial Business Drives Touchland’s Success
    • Fortify+ is 'Anti-Bacterial' Skin Care
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Stepping into the Spotlight for 2021
    • The Independent Beauty Association Supports Sensible Reform
    • Essential Workers
    • A Clean Commitment
    • Deliver & Delight
    • Reusables for Consumables In the Pandemic and Beyond
    • A Rebound for Beauty
    • Beauty Brands Must Prepare for a 'Decade of the Home'
    • A Societal Shift
    • 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

    NIH Study Compares Low-Fat, Plant-based to Low-Carb, Animal-Based Diet
    Gadot Positions Mineral Line for Vegan Market
    Nutritfy India to Launch Global Broadcast Channel Covering Nutrition
    Coatings World

    Latest Breaking News From Coatings World

    LINE-X Launches Dealer Program with International Truck
    PPG Reports Q4, Full-year 2020 Financial Results
    BASF Begins Implementing Ralignment of Global Business Services Unit
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Cretex Companies CEO Steps Down
    Data Show Porex's Medical Device Filtration Materials Protect Against Virus, Bacteria Spread
    Endoscopic Hemostasis Devices Market Valued at $730 Million
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Pfizer, BioNTech Enter Vax Pact with COVAX
    FDA Approves Janssen’s CABENUVA
    AGC Biologics Appoints Boulder Site GM
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Coty Appoints Chief Procurement Officer
    Lageen Tubes Launches Mono-Material PE Tube Solutions
    Jason Jones Loses Battle with Covid-19
    Happi

    Latest Breaking News From Happi

    Carol’s Daughter Adds New Hair Products
    Moroccan Gold Series Launches NuDo Shampoo
    Youbody Debuts Waterless Body Wash
    Ink World

    Latest Breaking News From Ink World

    BOBST Demonstrates Future of Flexible Packaging Production at Virtual Open House
    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    AR Packaging Acquiring Firstan Holdings Ltd
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Gallus planning virtual event for March
    Lemu Group engineers mask-making machine
    Niagara Label upgrades with Nilpeter flexo press
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Freudenberg to Establish Apparel Interlining Competence Centers
    Minet Adds Spunlace Line in Romania
    Lemu Group Engineers Mask-Making Machine
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Cretex Companies CEO Steps Down
    Conformis Enters Development & Supply Agreement with SITES Medical
    Sectra, RSA Biomedical Sign Distribution Agreement for Implant Stability Tool
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Ambiq Wins IoT Semiconductor Company of the Year Award
    Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

    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