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Colgate Passes Again On Offering Earnings Guidance Due To Market ‘Complexity, Volatility’

 
• By Eileen Francis

Colgate won’t provide full-year 2020 guidance even as the company reports 5.5% organic growth in the second quarter. Its sales in North America grew 24% on pandemic-related purchasing and price increases.

Quarterly resluts on typewriter close up

Colgate-Palmolive Co. says “tremendous complexity and volatility” in markets worldwide are behind its decision not to reinstate full-year 2020 guidance even as it reports 5.5% second-quarter organic sales growth and plans to innovation and marketing investments in the second half.

President and CEO Noel Wallace said during a 31 July earnings presentation that the firm doesn’t have enough information to...

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Ulta ‘Beauty Unleashed’ Investment Delivers In Fiscal Q1

 
• By Eileen Francis

Retailer Ulta Beauty, Inc. reports net sales in the fiscal first quarter beat consensus estimates, rising 4.5% to $2.85bn, as the company sees benefits of its recently announced ‘Beauty Unleashed’ initiative.

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Shiseido’s Key Priorities: Recover Drunk Elephant, Accelerate NARS Amid US Prestige Slowdown

 
• By Eileen Francis

Shiseido’s Drunk Elephant premium skin care range – acquired in 2019 – and its NARS brand dragged sales in the Americas region down almost 20% in the first quarter, the firm reported in a 12 May earnings presentation.

IFF Offsets Tariffs’ Impact, But Discretionary Product Ingredients Face Risk

 
• By Eileen Francis

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