The cosmetics, skin care, and fragrance company announced its latest financials this week, showing a decline in revenue for the year, better numbers on a quarterly basis, and optimism about integrating the beauty brands that Coty is acquiring from P&G.
It’s been a busy week for Coty, with announcements for another big acquisition, reorganization plans and now first quarter results that show profits are up while revenues are down.
Elizabeth Arden had a tough fourth quarter, with revenues suffering on account of unfavourable currency exchange and a big decline in its North American operations.
At least that’s how company president & CEO Christian Brickman put it in his statement to the press on Thursday, which also indicates gross profits are up slightly and includes a revision of previous expectations for fiscal year 2015.
One year on and fragrance player Coty has turned a big loss in the third quarter of last year into a profit, thanks to a focus on its key brands and cost-cutting measures.
Procter & Gamble saw its second quarter earnings take a hit with the strong dollar having a big impact, setting up a challenging year for the Ohio-based firm.
Global cosmetics company Sally Beauty Holdings reported a poor performance in Q4 of their financial year as profits were affected by increasing income tax despite an increase in sales.
The Estée Lauder Companies has posted another strong set of quarterly results, achieving record sales figures for its fourth quarter and a big rise in net profits.
Following strong sales growth and increased profitability in the first half of the financial year, Elizabeth Arden has ended it on a sour note, as fourth quarter sales and profits come in well below expectations.
Prestige beauty firm Elizabeth Arden reported better-than-expected revenue in its first quarter results, thanks to the launch of several new fragrances; although these purchases affected profits.
Color cosmetics and fragrance maker Elizabeth Arden reported health gains in revenue for its fourth quarter, but net profit is hit by licensing acquisition costs.
Revlon’s second quarter results struggle under the weight of charges, currency translations and falling sales in Europe and Asia, but strong results in the Americas help fend off bigger losses.
Although Procter & Gamble’s second quarter results were buoyed by a strong performance in the developing markets, slower consumer spend in the US market holds back growth.
Fragrance player Parlux has announced its unaudited results for the second quarter, crediting its double digit sales growth to the launch of its latest Rihanna scent and the advertising investment made in support of this.
US-based cosmetics distributor Sally Beauty has reported strong third quarter results, with net sales as well as gross profit up from its fiscal year 2010 results of the same quarter.
Sales for oral and personal care player Colgate-Palmolive were up for the first quarter of 2011, but the company said increasing raw material costs were affecting profit margins.
Parlux third quarter results show a significant drop in sales, due mainly to the loss of a contract to supply retailer Guess with fragrance and personal care products.
Global beauty products firm Elizabeth Arden has released its financial results for the first fiscal quarter ended September 30, 2010, citing strong momentum in international business for an increase in sales figures.
A significant increase in quarterly sales helps Elizabeth Arden to jump back into profit, boosted by higher pricing from cosmetics and fragrances and cost savings.
Revlon second quarter profits rose significantly as restructuring costs ease, but US sales continue to fall, counterbalancing stronger international results.
Estee Lauder Companies has beat profit expectations having posted a 10 percent increase in Q3 sales as consumers of prestige products return to their old spending patterns.
Following a succession of weak financial results some, of the biggest players in the personal care industries are pointing to sustainability measures as a means of exiting the recession.
Revlon revealed falling sales during its third quarter, underlining tough retail conditions and the strength of the dollar against international currencies.
Hair and skin care specialist Alberto Culver said its fourth quarter sales were hit by currency translation and profits were down, but the results beat expectations.
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.
Household and personal care provider Energizer Holdings says a solid first quarterly performance for personal care has helped buoy an otherwise poor sales performance.
Luxury cosmetics giant Estee Lauder says it is lowering its expectations for the quarter ending 31 December and the full fiscal year ‘to reflect the deteriorated global economic conditions’.
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.
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.
Global fragrance maker Parlux has announced a significant boost to
its full year results ending in March thanks to revised market
focus and restructuring programme.
Helen of Troy's personal care division continued to struggle in the
fourth quarter reporting a 7.1 percent drop in sales that it blamed
on the tough retail environment.
Helen of Troy has reported an unexpected drop in turnover as sales
of personal care products slumped in a highly competitive and
challenging sales environment.
Fragrance player Parlux has announced a significant increase in its
sales for the 2007 financial year, but a net loss from its
continuing operations marks a difficult year in which rapid
expansion has seen its administration capabilities...
