At THE ESTEE LAUDER COS., third-quarter profits attributable to common stock jumped 73.9 percent to $77.9 million, or 33 cents a diluted share. Sales advanced 10.5 percent to $1.24 billion, or 5 percent, exclusive of the impact of foreign currency...
At THE ESTEE LAUDER COS., third-quarter profits attributable to common stock jumped 73.9 percent to $77.9 million, or 33 cents a diluted share. Sales advanced 10.5 percent to $1.24 billion, or 5 percent, exclusive of the impact of foreign currency translation. President and chief executive Fred Langhammer said efforts to revitalize the flagship brand have shown positive results. “We’re getting very good traction, so even with the difficult retail environment, the Lauder brand is performing very well,” he said. “We’re just at the beginning of the evolution of the Lauder brand.” The fall launch of its new women’s fragrance, Beyond Paradise, is intended to add to the brand’s momentum. For the full fiscal year, Lauder rubber stamped its previous earnings estimates of $1.28 to $1.33 a share, though the firm backed off somewhat on the sales front. Net sales are slated for a rise of about 7 percent, which means a 4 percent increase on a constant currency basis.... Turnaround efforts at REVLON INC., especially increased brand support, drove net sales up 6 percent to $292 million, the first increase in several years, though losses of $48.7 million, or 93 cents a share, marked the firm’s 18th consecutive deficit. So far, the firm has recognized charges of $115 million for its revitalization program, which could tally an eventual price tag of $160 million. “We’re continuing to execute the plan, which is very much focused on consumers, our retail partners and the organization, and we’re beginning to pull the levers on all three of these elements,” said president and chief executive Jack Stahl....Slammed by currency translation, L’OREAL’s first-quarter sales dipped 1.1 percent to $3.97 billion. On a like-for-like basis, though, the topline increased 10.4 percent. Dollar figures have been converted from euros at current exchange rates. The French beauty giant is on track to post double-digit profit gains for 2003 .... Of PROCTER & GAMBLE CO.’s five business divisions, health care and beauty care were the leaders in third-quarter sales gains. Health care led all segments with an 18 percent rise in sales to $1.43 billion and produced a 19 percent jump in net earnings to $147 million from a year ago. Unit volume increased 18 percent. Beauty care, P&G’s second-largest business after fabric and home care, saw sales rise 10 percent to $3.03 billion and net earnings grow 19 percent to $463 million. Unit volume was up 9 percent on the strength of Pantene, Head and Shoulders and feminine care. Collectively, health care and beauty care account for 41.5 percent of P&G’s net sales and 44.9 percent of the company’s net income. P&G also is seeing more than organic growth. Recently, the consumer products giant agreed to acquire the majority of Darmstadt, Germany-based beauty and hair care firm Wella.... AVON PRODUCTS INC.’s fourth-quarter profits rose 74.8 percent to $193 million, or 80 cents a diluted share, while a year-ago charge eased comparisons. Without the charge, earnings increased 8 percent. Revenues strengthened 5.7 percent to $1.85 billion for the three months, or grew by 14 percent without the negative effect of currency translation. Units advanced by 16 percent, while the number of active representatives climbed 13 percent. Chairman and chief executive officer Andrea Jung called last year “the strongest year in Avon’s recent history,” and described it as the beginning of “an era of break-out growth for the company.” Earlier this year, the firm pulled its fledgling retail brand BeComing from about 90 J.C. Penney Co. doors.... In a more than $400 million bottom-line swing against a year ago, SHISEIDO GROUP returned to profitability in fiscal 2003 with income of $211.2 million for the full year. The firm endured one-time losses of $80.5 million last year, and $493.1 million the year before. Sales picked up 5.3 percent, to $5.4 billion. Dollar figures have been converted from the yen at current exchange rates.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty