×
30 777
Fashion Jobs
BATH & BODY WORKS
sr. Manager, Parcel Transportation
Permanent · Reynoldsburg
ROSS STORES
Store Protection Specialist
Permanent · Galveston
ROSS STORES
Store Protection Specialist
Permanent · Midland
ROSS STORES
Store Protection Specialist
Permanent · Tampa
ROSS STORES
Store Protection Specialist
Permanent · Hurst
ROSS STORES
Store Protection Specialist
Permanent · San Jose
ROSS STORES
Store Protection Specialist
Permanent · El Monte
RALPH LAUREN
Polo Factory Store - General Manager
Permanent · Concord
NEW BALANCE
Integrated Demand Planner
Permanent · Boston
NEW BALANCE
Loss Prevention Officer i (Sat-Wed 5am-1pm)
Permanent · Lawrence
NEW BALANCE
Loss Prevention Officer ii (Tue-Sat 1pm-9pm)
Permanent · Lawrence
NEW BALANCE
Loss Prevention Officer i (Tue-Sat 9pm-5am)
Permanent · Lawrence
H&M
h&m Retail - Area Human Resources Manager
Permanent · Irvine
H&M
Store Visual Manager
Permanent · Las Vegas
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - Full Time - Five Oaks Outlets - Sevierville,tn
Permanent · Sevierville
LA MER
Luxury Skin Care Sales Manager - la Mer - Full Time - Alderwood - Lynnwood, wa
Permanent · Lynnwood
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - Full Time - Carlsbad Premium Outlets - Carlsbad,ca
Permanent · Carlsbad
ALICE AND OLIVIA
Art Director, Creative
Permanent · New York
MARSHALLS
Loss Prevention Detective Wilmington
Permanent · Wilmington
PACSUN
sr Director, Accounting Operations
Permanent · Anaheim
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Cypress
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Tualatin
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.