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United States

Jaslein Mahil

Estee Lauder raises 2019 forecast on increased China demand

May 01 2019

Estee Lauder Cos Inc raised its 2019 forecast for profit and sales on Wednesday after beating Wall Street expectations for third-quarter results on booming demand for luxury beauty products in China.

Brazil's Natura and Avon confirm deal talks

Mar 22 2019

Brazilian cosmetics maker Natura Cosmeticos SA and beauty products firm Avon Products Inc on Friday said that they were in deal talks but offered no details.

Avon revenue falls short on LatAm hit, dip in sales reps, shares slump

Feb 14 2019

Avon Products Inc's quarterly revenue missed analysts' estimates on Thursday, hurt by a fall in the number of its sales representatives and a dip in demand for products in Latin American markets, sending its shares down as much as 19 percent.

Coty rebounds, sees profit in second half; shares surge

Feb 08 2019

Cosmetics and perfume maker Coty Inc said on Friday it expected to post a profit in the second half of fiscal 2019 as it reported holiday-quarter revenue and adjusted earnings that beat Wall Street estimates, sending its shares up 29 percent.

Estée Lauder raises full-year forecast on strength in skincare, China

Feb 05 2019

Estée Lauder Cos Inc raised its annual profit forecast after posting quarterly results that topped estimates on Tuesday driven by strong growth in China and higher demand for luxury skincare, sending shares up 15.3 percent to a seven-month high.

Kohl's profit forecast misses estimates, shares slip

Nov 20 2018

Kohl's Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher discounts during the holiday season.

Cosmetics giant Coty replaces CEO, chairman

Nov 12 2018

Coty Inc replaced its chief executive officer and chairman on Monday, days after the cosmetics giant rattled investors by warning that fiscal-year performance could be hurt by supply chain issues.

Coty shares plunge 22 percent as supply-chain problems mount

Nov 07 2018

Coty Inc shares slumped 22 percent on Wednesday as the CoverGirl cosmetics maker faced unprecedented supply chain disruptions in the United States and Europe that led to a steeper-than-expected drop in its first quarter sales.

Estée Lauder sales beat as China demand booms, shares rise 12 percent

Oct 31 2018

Estée Lauder Cos Inc joined rival L'Oreal SA in dismissing fears of a slowdown in China on Wednesday as its quarterly results beat Wall Street estimates on booming demand for cosmetics and high-end skincare products.

Trucker strike in Brazil hurts Coty sales, forecast falls short

Aug 21 2018

Coty Inc fell short of quarterly sales forecasts for the first time in six quarters on Tuesday due to a 10-day long trucker strike in Brazil that disrupted supplies to retailers in May and June.

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