×
90 973
Fashion Jobs
MARC JACOB'S
Sales Supervisor
Permanent · Aurora
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time - ny 59th st
Permanent · NEW YORK
ULTA BEAUTY, INC.
Portfolio Manager IT
Permanent · Bolingbrook
MACY'S
Asset Protection Detective, South Shore Plaza - Full Time
Permanent · Braintree
ABERCROMBIE AND FITCH CO.
Asset Protection Agent
Permanent · San Francisco
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
SAKS
2nd Shift Asset Protection Associate
Permanent · LA VERGNE
SAKS
2nd Shift Inventory Control Processor
Permanent · LA VERGNE
FABLETICS
Art Director - Yitty
Permanent ·
UNDER ARMOUR
Stock Teammate, Part-Time 5:00 am Tuesday - Saturday Shift, Starting Pay $15.25 Per Hour
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Sherman Oaks
Permanent · LOS ANGELES
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · Philadelphia
MACY'S
Retail Cosmetics Stock - Estee Lauder, Flushing - Full Time
Permanent · New York
MACY'S
Asset Protection Officer, Bailey Road - Full Time (3840)
Permanent · North Jackson
KOHLS
Financial Analyst
Permanent · Menomonee Falls
GAP
General Manager - Glendale Galleria
Permanent · Glendale
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Northpark Center - Part Time
Permanent · Dallas
MACY'S
Asset Protection Detective, Manhattan Beach - Full Time
Permanent · Manhattan Beach
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Dadeland
Permanent · Miami
AESOP
Part Time Retail Consultant | Seaport
Permanent · Boston
KOHLS
Distribution Center Operations Manager
Permanent · Patterson
By
AFP
Published
Aug 19, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Estee Lauder's quarterly sales rise as demand for makeup grows

By
AFP
Published
Aug 19, 2016

Cosmetics maker Estee Lauder Cos Inc's quarterly sales jumped 4.8 percent, its fourth consecutive rise, helped by higher demand for its makeup brands including M.A.C, Smashbox and Bobbi Brown.


Twitter @BobbiBrown


The company's makeup unit's sales rose 10.2 percent to $1.13 billion, contributing about 42.6 percent to total sales in the fourth quarter ended June 30.

Estee Lauder has been targeting younger customers with its Jo Malone and Bobbi Brown brands, to counter slowing demand for "heritage" brands Estee Lauder and Clinique in North America, its biggest market.

Net income attributable to the company fell to $93.5 million, or 25 cents per share, in the quarter, from $153 million, or 40 cents per share, a year earlier.

Net income was hurt by restructuring and other charges.

Excluding items, the company earned 43 cents per share.

Net sales rose to $2.65 billion from $2.52 billion.

The company said it expected fiscal 2017 net sales to grow between 6-7 percent, while adjusted profit is projected to be between $3.38-$3.44 per share.

Analysts on average were expecting profit of $3.16 per share, according to Thomson Reuters I/B/E/S.

The company also said it expects to incur restructuring charges of about $80 million-$100 million in fiscal 2017, related to its Leading Beauty Forward strategy.

As part of its Leading Beauty Forward strategy, the company had earlier approved restructuring initiatives to exit businesses in certain markets and channels of distribution while also reducing its workforce globally.

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.