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Lauder Q1: Firm Discusses China Tariff Uncertainties, Imminent Clinique Customization Launch

 
• By Lauren Nardella

The firm is confident that prestige beauty demand in China will remain a constant, translating to double-digit growth over the long term, but it’s taking a prudent approach to guidance in light of possible tariff impacts, among other unknowns. Lauder’s first-quarter sales totaled $3.52bn, up 11% in organic terms.

Businesswoman Hands On Crystal Ball On Black Background. Fortune Teller Predicting Future

[Estee Lauder Companies Inc.] anticipates organic sales gains of 7% to 8% for the 2019 fiscal year, but the firm is tempering its guidance to account for possible growth “moderation” in China and travel retail due to tariff impacts and other volatile factors.

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More from Business

French Agency Proposes Effective EU Ban On CBD In Foods And Cosmetics

 
• By David Ridley

France's food safety regulator ANSES is proposing a reproductive toxicity category 1B classification for CBD under the EU's CLP regulation, which would mean an effective ban on CBD in cosmetics and foods. However, French hemp industry association UIVEC hopes that new evidence coming out of a European Commission review will put the issue to bed before it gets that far.

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• By Eileen Francis

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