×
29 103
Fashion Jobs
RALPH LAUREN
Polo Factory Store - Merchandising Associate Part Time (Overnight Availability, Preferred)
Permanent · Concord
RALPH LAUREN
Polo Factory Store - General Manager
Permanent · Auburn Hills
ESTÉE LAUDER
Account Coordinator - Estee Lauder - 40 Hrs - Orland Square-Macy's - Orland Park,il
Permanent · Orland Park
ESTÉE LAUDER COMPANIES
Director, Business Process Lead
Permanent · New York
CLINIQUE
Coordinator, Ecommerce - Clinique North America
Permanent · New York
PUMA
Analyst ii, IT Security (Boston)
Permanent · Westford
PUMA
Associate Manager, Merchandising - Footwear
Permanent · Westford
PUMA
Manager, Merchandising - Apparel
Permanent · Boston
PUMA
Analyst i, IT Business
Permanent · Boston
PUMA
Senior Manager, Integrated Marketing - Basketball
Permanent · Boston
FOOT LOCKER
Distribution Center Supervisor
Permanent · Camp Hill
FOOT LOCKER
Overnight Operations Manager
Permanent · Baton Rouge
FOOT LOCKER
Overnight Operations Manager
Permanent · McAllen
ROSS STORES
Store Protection Specialist
Permanent · Daly City
ROSS STORES
Store Protection Specialist
Permanent · Hanover Park
ROSS STORES
Store Protection Specialist
Permanent · Cherry Hill
ROSS STORES
Store Protection Specialist
Permanent · Houston
ROSS STORES
Store Protection Specialist
Permanent · Round Rock
ROSS STORES
Store Protection Specialist
Permanent · Kissimmee
ROSS STORES
Store Protection Specialist
Permanent · Hamilton Township
ROSS STORES
sr. Financial Analyst - Transportation Finance
Permanent · Fort Mill
ROSS STORES
Store Protection Specialist
Permanent · Joliet
By
Reuters
Published
Nov 2, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Estee Lauder tops estimates on China demand, online boost

By
Reuters
Published
Nov 2, 2020

Estee Lauder Cos Inc beat analysts' estimates for quarterly sales and profit on Monday,
benefiting from strong Chinese demand and a surge in online orders for its skincare products.


Photo: Estee Lauder - Estée Lauder



The M.A.C brand owner has been ramping up investments in its online business and has seen growth in demand for its skincare products as customers confined to their homes opted for serums and moisturizers instead of traditional make-up items.

Estee has also benefited from improving sales at duty-free shops in China as domestic travel picked up in the world’s second-largest economy, as well as collaborations with Asian celebrities, including K-pop star Lalisa Manobal.

Sales in the company’s Asia-Pacific market increased 9% to $1.15 billion, also helped by China’s move to raise the annual tax-free shopping limit for tourists in the Hainan province.

Excluding one-time items, the company reported a profit of $1.44 per share. Analysts were expecting a profit of 90 cents per share.

Net sales fell 9% to $3.56 billion but were above expectations of $3.46 billion, according to Refinitiv data.

© Thomson Reuters 2021 All rights reserved.