Sally Beauty, a leading supplier to the professional hair care industry worldwide, has acquired professional beauty supply distributor Schoeneman Beauty.
International Flavors and Fragrances’ (IFF) bottom line has suffered significantly from weakening sales, particularly with respect to the fragrance division and restructuring costs.
Lower costs boost second quarter profits for soap and toothpaste maker Colgate-Palmolive, despite the fact that global sales fell on the strength of the dollar.
Brazilian cosmetics player Natura said that its recently announced share offering is likely to raise in excess of $800m as Brazilian and US investors clamor for shares.
Helen of Troy has reported a significant rise in its first quarter earnings, despite the fact that the economic downturn led to lower sales in its personal care division.
Bare Escentuals expects first quarter sales to fall significantly as retailers lower their inventories to cope with the increasingly uncertain economic environment.
Elizabeth Arden is the latest cosmetics company to cut its sales and earnings forecast, leading its share price to plummet to the lowest it has been in 9 years.
Second quarter sales fell by 4 percent for hair care provider Regis, as the deconsolidation of its European franchise hit hard, further impacted by the economic climate.
US cosmetics and fragrance retailer Ulta Salon says that its profits held up well for the most recent quarter, but the company downgrades expectations as storm clouds gather.
Shiseido has upped its profit forecast for the first half of the year but the company warned that business conditions will be tougher in future quarters.
Elizabeth Arden’s fourth quarter were largely in line with expectations, though adjusted figures meant a loss after charges relating to the Liz Claiborne licensing agreement.
Salon hair care provider Sally Beauty has reported that its net income more than doubled for the third quarter on the back of strong increases in both revenue and same-store sales.
Inter Parfums has become another one of the growing number of cosmetics businesses to be affected by rising costs, after announcing record sales growth but stagnant profits.
Burberry fragrance sales have once again boosted results for Inter Parfums and the US-based fragrance player has reported a twenty percent increase in second quarter sales.
A significant jump in sales has driven a fifty percent increase in
first quarter profit for Inter Parfums thanks to a successful
Burberry fragrance launch.
Kimberly-Clark has reported that its first quarter profits fell by
2.5 percent after being hit by higher cost pressures, despite a
strong increase in sales.
Despite Estee Lauder reporting a healthy increase for its first
quarter sales, profits have been hit by lower operating income as a
result of increased marketing expenses and falling US sales.
Riding a significant rise in demand for its mineral-based cosmetic
products in the US market, Bare Escentuals is eyeing expansion in
overseas markets, supported by its acquisition of a UK distributor.
Playtex has announced steady growth for its fourth quarter sales
and net profits, boosted by a particularly strong performance from
its skin care sales, which were up by nearly 18 per cent.
Fragrance, colors and flavors firm Sensient Technologies has
reported strong results for its fourth quarter and full financial
year, following higher sales, improved product mix and increased
prices.
Avon's turn around is starting to happen, after the company
reported a 9 per cent boost in sales for the fourth quarter on the
back of strong fragrance and color sales.
Not only has the acquisition of Gillette helped global giant
Procter & Gamble to boost its sales, subsequent synergies and
consolidation have helped the company achieve strong profit growth.
Global fragrance and personal care player Inter Parfums says that
strong sales of its newly launched Banana Republic personal care
lines have helped to drive a 37 per cent increase in sales for its
final quarter of 2006.
Texas-based Helen of Troy has reported a strong increase in sales,
but costs associated with upgrading the company's distribution and
warehousing operations keep net profits down.
Cosmetics have emerged as the fastest growing non-food product in
the Romania retail sector, proving that previous decisions by
international cosmetic manufacturers to target the rapidly
expanding category were the right move.
Cosmetic and fragrance giant Elizabeth Arden posted a quarterly
loss on Friday, as it was hit by restructuring costs, but with
marketing spend lower than expected and sales still strong, the
underlying results appear to be solid.
Despite sales rising significantly, profits at Avon have been hit
by a rising ad spend, restructuring costs and charges relating to a
tax dispute in the company's UK arm.
On the back of its new shipments to Banana Republic stores and
higher Burberry sales, Inter Parfums has reported a 19 per cent
hike in sales, prompting it to increase its outlook for the 2006
financial year.
Sensient Technologies, supplier of fragrances and colors for
cosmetic products, has reported a significant increase in both its
sales revenue and its net profits on the back of strong activity in
both the US and China markets.
It has been a turbulant week for US fragrance producers, with Inter
Parfums announcing flat quarterly results on the back of forecasts
for falling results at rival Parlux.