The Estée Lauder Cos. Inc. said late Wednesday its second-quarter earnings are expected to land between $1.23 and $1.30 a diluted share on sales growth of 10 to 11 percent. Upon reporting first-quarter results in late October, earnings per share, excluding charges, were projected to hit 80 cents to 87 cents on sales that ranged between flat and up 3 percent. The upward adjustment in projections for the quarter ended Dec. 31 resulted from “stronger net sales, favorable product mix and the positive effect of continued cautious spending.” Growth remained strong in Asia, and there were better-than-expected results for the holiday season as well as the company’s travel retail business. The firm is scheduled to report results on Jan. 28.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"