×
40 258
Fashion Jobs
AVEDA
Aveda Advisor - 15 Hrs - Shops at Columbus Circle - New York,ny
Permanent · New York
SHOW MY LINE
Women's Luxury Ready-tO-Wear Production Manager
Permanent · NEW YORK
ESTÉE LAUDER COMPANIES
Latam E-Commerce Project Manager/Product Owner
Permanent · New York
MICHAEL KORS RETAIL INC
Sales Supervisor, Crabtree Valley, Raleigh nc
Permanent · Raleigh
GAP
General Manager - Lenox Square (Kids & Baby)
Permanent · Atlanta
GAP
General Manager - Northbrook Court
Permanent · Northbrook
GAP
General Manager- Stonebriar Mall
Permanent · Frisco
GAP
General Manager - Roseville Galleria
Permanent · Roseville
GAP
General Manager - Central Texas Marketplace
Permanent · Waco
GAP
Merchandise Planner - Boys - Outlet
Permanent · New York
GAP
Unassigned General Manager - Greater Nashville
Permanent · Nashville
ALICE AND OLIVIA
Sales Supervisor - Cabazon Outlet
Permanent · Cabazon
TARGET CORPORATION
Owned Brand Product Design Director, Pets
Permanent · MINNEAPOLIS
LA MER
Manager, Global Supply Chain Operations - Inventory
Permanent · New York
MAC
Business Development – Key Consumer Manager, Mac
Permanent · New York
H&M
Retail Flagship Visual Manager
Permanent · Chicago
JBCSTYLE
Art Director
Permanent · NEW YORK
JBCSTYLE
Sales Operations Coordinator
Permanent · NEW YORK
ESTÉE LAUDER COMPANIES
Manager, Solution Architect- Omni Retail
Permanent · New York
TOM FORD BEAUTY
Vice President, Marketing, Tom Ford Beauty North America
Permanent · New York
ESTÉE LAUDER COMPANIES
Category Insights Manager - Supply Chain
Permanent · New York
ESTÉE LAUDER COMPANIES
Senior Account Coordinator, Estee Lauder Travel Retail – Americas
Permanent · Los Angeles

P&G raises full-year forecast on higher demand for beauty products

By
Reuters API
Published
today Oct 22, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Procter & Gamble Co on Tuesday raised its full-year sales and profit forecasts after a better-than-expected first quarter, powered by demand for its premium beauty brands such as SK-II and China Olay.




The world's no.1 personal care products maker forecast full-year core earnings growth in the range of 5% to 10%, compared with its prior estimate of 4% to 9% growth.

P&G expects full-year sales to grow as much as 5%, compared to earlier expectation of 4%. The company retained the lower end of 3% growth.

Organic sales, which excludes acquisitions, divestitures and currency effects, rose 7% in the first quarter.

The tide detergent maker saw solid growth in its beauty business and healthcare segment, with organic sales in its beauty business rising 10%.

Organic sales in the grooming unit, a sore point for the company, reported a 1% growth. It took an $8 billion writedown for its Gillette shaving business in the fourth quarter.

Overall, net sales climbed 6.6% to $17.80 billion, beating analysts' average estimate of $17.42 billion, according to IBES data from Refinitiv.

Net income attributable to the company rose to $3.59 billion, or $1.36 per share, in the three months ended Sept. 30, from $3.20 billion, or $1.22 per share, a year earlier.

Excluding items, it earned $1.37 per share, beating estimate of $1.24.

 

© Thomson Reuters 2019 All rights reserved.