52
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Head of Engineering - Emerging Propositions
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ESTÉE LAUDER COMPANIES
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Permanent · HELSINKI
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Estee Lauder Companies - Multi Counter Manager - Stockmann, Turku
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MUJI
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RITUALS
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RITUALS
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JACK & JONES
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NEW YORKER
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NEW YORKER
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MONKI
Sales Advisor, 10h (Summer Help Temporary)
Fixed-term · VANTAA
VERO MODA
Myyjä Vero Moda Seinäjoki Idepark
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ESTÉE LAUDER COMPANIES
MAC Make-up Artist (20h/Week) - Sokos Tampere
Permanent · TAMPERE
ESTÉE LAUDER COMPANIES
Beauty Advisor (30h/Week) - Stockmann Helsinki
Permanent · HELSINKI
MASSIMO DUTTI
Sales Assistant Massimo Dutti, Helsinki
Permanent · HELSINKI
H&M
Sales Advisor, 15h - Kesätyö
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H&M
Sales Advisor, 10h - Kesätyö
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H&M
Sales Advisor, 10-20h - Kesätyö
Permanent · PORVOO
By
Reuters
Published
May 3, 2017
Reading time
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Millennial push adds shimmer to Estée Lauder sales

By
Reuters
Published
May 3, 2017

Estée Lauder reported its first sales beat in four quarters, helped by strong demand for its makeup brands and its recent acquisitions of youth-favorite cosmetics makers Too Faced and Becca.


Estée Lauder


Estée Lauder, which has been hurt in recent quarters by U.S. consumers opting to shop online rather than in department stores, has been pushing to increase its appeal to younger consumers and grow its presence in emerging markets, particularly China.

The 71-year old company, which owns the Clinique and MAC brands, bought Too Faced, a make-up brand popular among millennials, for $1.45 billion last year, hoping to increase its appeal to younger consumers. Estée Lauder also bought Becca Cosmetics last year for an undisclosed sum.

Chief Financial Officer Tracey Travis said the company expects fourth-quarter sales to rise 9-10 percent in constant currency, boosted by Too Faced and Becca.

Helped by sales of Tom Ford, Smashbox and La Mer cosmetics, Estee Lauder's net sales rose 7.5 percent to $2.86 billion in the third quarter ended March 31, topping the average analyst estimate of $2.81 billion - the company's first sales beat in four straight quarters.

Net earnings attributable to Estee Lauder increased to $298 million, or 80 cents per share, from $265 million, or 71 cents per share, a year earlier.

Excluding items, the company earned 91 cents per share, handily beating analysts' average estimate of 73 cents, according to Thomson Reuters I/B/E/S.

Shares of Estee Lauder were up 3.9 percent at $90.90 in morning trading on Wednesday, tapping a more than 8-month high of $91.89.

"We see investor concerns over the rapid deceleration in mall traffic trends at U.S. department stores along with planned store closures as largely overblown," J.P. Morgan analyst Andrea Teixeira said.

Teixeira pointed to Estée Lauder's large distribution network and ties with specialty retailers such as Ulta Beauty and LVMH's Sephora, which are popular with millennials.

Estée Lauder's sales in the Americas region, which accounted for about 41 percent of total sales, rose 5.3 percent to $1.17 billion. Five years ago, the business accounted for more than 43 percent of total revenue.





 

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