×
80 717
Fashion Jobs
NORDSTROM
Asset Protection - Agent - Del Amo Fashion Center
Permanent · Torrance
NORDSTROM
Asset Protection - Agent - Northgate Rack
Permanent · Seattle
NORDSTROM INC
Learning & Leadership Manager, Supply Chain - Hybrid
Permanent · Seattle
NORDSTROM INC
Area Manager Warehouse Wcoc -Riverside, ca
Permanent · Riverside
NORDSTROM INC
Assistant General Manager- Bazille- Woodlands Mall
Permanent · The Woodlands
NORDSTROM
Asset Protection - Security Ambassador - Valley Fair
Permanent · San Jose
NORDSTROM INC
Senior Product Manager – Data & Telemetry
Permanent · Seattle
NORDSTROM
Asset Protection - Agent - West County
Permanent · Des Peres
NORDSTROM
Asset Protection - Security Ambassador - Palo Alto
Permanent · Palo Alto
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Fort Wayne
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Spanish Fort
KOHLS
Full-Time Loss Prevention Officer
Permanent · Los Angeles
KOHLS
Full-Time Loss Prevention Officer
Permanent · Whittier
KOHLS
Full-Time Loss Prevention Associate
Permanent · Plainfield
KOHLS
Part-Time Loss Prevention Associate
Permanent · Wurtsboro
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Franklin
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Spokane Valley
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Delaware
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Fenton
KOHLS
Full-Time Loss Prevention Officer
Permanent · Jericho
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Toledo
MACY'S
Asset Protection Detective, Gardens - Full Time
Permanent · Palm Beach Gardens
By
Reuters
Published
May 4, 2012
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Estée Lauder Q4 forecast disappoints, shares slip

By
Reuters
Published
May 4, 2012

Estée Lauder Cos Inc (gave a profit forecast that disappointed Wall Street on Friday, overshadowing large gains in sales of its skin-care products last quarter at U.S. department stores that helped mitigate declines in European markets like France.


Photo: Estée Lauder

Net sales rose 3.8 percent to $2.25 billion in the third quarter. For the current quarter, Estee Lauder expects net sales to rise 10 percent to 11 percent in constant currency terms.

Despite the expectations of continued sales gains, Estée Lauder's current-quarter adjusted profit forecast of between 11 and 16 cents per share missed the 20 cents analysts were projecting, according to Thomson Reuters I/B/E/S.

Shares were down 4.6 percent to $61.17 in premarket trading.

The sales gains last quarter were solely driven by its skin care products, which include La Mer and Clinique moisturizers, with fragrances, makeup and hair care all essentially flat.

Estee Lauder's products benefited from a "high single digit" percentage jump in sales at U.S. department stores which include high-end chains Saks Inc (SKS.N) and Macy's Inc's (M.N) Bloomingdale's.

The maker of Bobbi Brown, MAC and other cosmetics, reported net profit rose 4.6 percent to $130.4 million, or 33 cents a share, in the third quarter ended March 31, up from $124.7 million, or 31 cents a share, a year earlier.

Excluding one-time items, Estée Lauder earned 38 cents per share, beating Wall Street analysts' estimates by 5 cents. The company raised its full year adjusted earnings per share forecast to a range of $2.21 to $2.26 from an earlier $2.16 to$2.23.

© Thomson Reuters 2022 All rights reserved.