French cosmetics giant L’Oréal has strengthened its position as the world’s top beauty brand, while Brazil’s Natura and Avon both take a tumble under tough market conditions.
Estée Lauder Companies’ results might have come in above Wall Street’s expectations for the past 18 quarters, but Goldman Sachs has taken the decision to downgrade it.
Fourth quarter results for fragrance and luxury cosmetic player Inter Parfums missed the mark, with sales hit by currency translations and profits missing forecasts.
US-based Nu Skin continues to struggle against currency headwinds and declining sales in its mainstay Asia Pacific markets, with the resulting net profits coming in at below expectations.
Avon results show a big drop in sales on the back of currency translations and tax costs, leading net profits to come in below market expectations.
Fragrance player Inter Parfums has announced that its fourth quarter results were down on the back of negative currency translations during a period when it usually has its strongest sales.
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.
US-based Inter Parfums has benefitted from a strengthening of the Euro against foreign currencies during it latest third quarter.
Colgate-Palmolive has reported its fourth consecutive quarter of falling revenues as it continues to battle a strong US dollar against international currencies.
Avon Products revealed that revenues for the current quarter slipped by 17% as the company continues to do battle in the face of a strong US dollar that is impacting its international business.
Procter & Gamble has announced a disappointing set of financial results as sales drop for the sixth consecutive quarter and profits take a massive hit on unfavourable currency exchange and Venezuela charges.
Avon has confirmed that is has sold its Liz Earle business to Walgreens Boots Alliance for a sum of £140m ($217m).
Revlon posted flat sales and a net loss for its first quarter as costs attributable to branding and the negative impact of currency translations hit the business hard.
Financial investors service Moody’s has downgraded its rating for Avon for the second time in less than a year following weak financial results published last week.
Avon Products reported sales down 18% to $1.8bn for its first quarter, a figure that resulted from the double impact of currency headwinds and weak North American sales.
Inter Parfums has become the latest in an increasingly long list of cosmetic players that have been hard hit by the continued buoyancy of the US dollar against international currencies.
Procter & Gamble has made big cost reductions and is on the verge of significantly slimming down its brand portfolio, but currency exchange is set to throw up another obstacle to its recovery plans, an industry analyst believe.
The government of Venezuela has once again resorted to currency revaluation in an effort to stabilize its oil-based economy, a measure that will hit big multinational cosmetics and personal care players active there.
Avon has warned that the stronger dollar could have a big effect on this year’s sales as fourth quarter sales were down thanks to the currency situation, and it may continue throughout 2015.
As the US economy continues to gather pace and the dollar gains against international currencies, some of the biggest US-based international cosmetics players are set to battle against currency headwinds in 2015.
Colgate-Palmolive announced a significant dip in its turnover for the fourth quarter, although net profit was up on account of gains from restructuring.
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.
Fragrance and cosmetics provider Inter Parfums has posted strong gains in its third quarter results, mainly off the back of a raft of new product launches.
Share prices have continued to dive following the announcement of the direct sales giant’s first quarter results, which show a big dip in both profits and revenues.
L’Oreal reported a weak third quarter for 2013 as sales in some regions were affected by market slowdowns and higher-than-expected inventory reductions in distribution.
IFF has reported strong growth for its second quarter, driven mainly by an exceptional performance in the fragrance division, together with gains in all geographical regions including Europe.
Fragrance player Inter Parfums saw fourth quarter sales exhibit a double-digit decrease in the company’s key European market, leading to an overall drop for the period; although full year saw record results.
Avon Products reported virtually stagnant sales during the fourth quarter, while losses deepen on restructuring charges, but the results beat expectations.
The economic downturn has taken its toll on the Canadian cosmetic manufacturing industry with revenue only growing a meager 0.7 percent per year to an average $1.7 billion in the last five years; but the next five are tipped to fare better.
Although MWV group reported rising volumes for personal care during Q4, many of the company's other business operations had to face a very tough quarter.
Procter & Gamble has seen a big rise in its profits for the latest quarter, as savings from the company’s restructuring plan start to take effect alongside modest sales growth.
The personal care packaging manufacturer is to close two of its European sites and restructure twelve of its facilities in a bid it says, to boost future growth in the region.
Fragrance player Inter Parfums saw its net sales drop for the third quarter ended September 30, 2012, despite results in the US making up for losses from its European operations.
Negative currency translations and reduced demand for beauty and personal care, particularly in the European market, forces global packaging player Aptar to restructure its operations.
Estée Lauder reported good sales growth in all regions except for Europe, where economic problems mean consumers are having to cut back on their spending.
J&J second quarter sales stumble on domestic performance
Johnson & Johnson announce a drop in sales for its second quarter, as the company struggles against tough market conditions in the US and negative currency translations.
Nu Skin financial results boosted by emerging markets, especially China
Direct sales cosmetic and skin care player Nu Skin has announced a big rise in its quarterly revenues on the back of record revenues in Latin America and Asia.
Revlon sales up, but profits hit by tax costs
Revlon has reported a healthy growth in sales for its third quarter on the back of a particularly strong performance in the US market, but net profits are hit by a substantial tax bill.
Avon hit by flat US dollar sales and fresh SEC China probe
Avon third quarter US dollar sales were virtually flat, while a renewed SEC probe into bribes in China meant the company’s stock value has plummeted to a year low.
P&G first quarter profits were slightly down on higher commodity costs despite sales taking a big leap, but the outlook is more challenging as currency gains are expected to be wiped out.
Kimberly-Clark posts higher 3Q sales but lower profits
Kimberly-Clark posted record sales income for the third quarter, boosted by a combination of a weak US dollar, higher sales volumes and higher prices for certain products, but net income takes a tumble, as does the outlook.
Revenue boosted by currency exchange and colors sector for Sensient
US-based colors and fragrances supplier Sensient reported slightly above average third quarter figures for 2011 boosted by favorable currency translations and a strong colors group.
Givaudan results hit hard by a strong Swiss Franc
Givaudan announced a big dip in its sales for the third quarter, although strong local currency sales growth stresses the underlying strength of the business.
Analyst predicts tough quarter for US personal care companies
With the threat of a second global recession hovering in the wings, a Citi Investment analyst says there are concerns over the Q4 performance of US personal care players.
Elizabeth Arden profits driven by higher sales and cost cutting
Elizabeth Arden reported profits above market expectations on the back of high international sales growth and successful cost cutting measures.
J&J reports big leap in Q1 sales from emerging markets
New Jersey-based personal care and pharmaceuticals player Johnson & Johnson reports big gains in first quarter sales as emerging market help prop up a sagging domestic market.
Avon Q4 hit by falling beauty sales and currency exchange
Avon Products has reported flat sales for it fourth quarter the negative impact of currency translations and falling sales for skin care and color cosmetics.
Sales down for Colgate-Palmolive on weaker dollar
Colgate-Palmolive has reported a slight drop in third quarter sales dragged down by the weakening dollar, although net income remains strong.
Avon Q3 sales show strong gains from new markets
Avon Products reported above market average sales growth for the third quarter, a result that was driven by strong growth in new markets that helped to offset falling North American sales.
Beauty segment aids AptarGroup Q3 growth
Packaging firm AptarGroup posted better-than-expected Q3 results helped by strong growth in its beauty & home and closures segments; but predicts a difficult end to the year.