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Q4 Beauty Earnings Preview: China Volatility In 2023 Has Analysts Leery Of Big Beauty’s Results

 
• By Eileen Francis

Shiseido, L’Oreal and The Estee Lauder Companies are preparing to announce earnings results for the final three months of 2023, and all are expected to report headwinds that held back performance in China. Analysts anticipate a strong fourth quarter from Coty, which has been largely insulated from the ups and downs of the Chinese market in recent years.

New Year 2024
• Source: Shutterstock

Leading beauty players have come to rely on China as a key growth engine, given the explosive expansion of the country’s middle-class population and its penchant for luxury beauty, but the latter part of 2023 demonstrates the unique and often unexpected challenges the market can pose.

In a 26 January fiscal second-quarter presentation – one of the first earnings reports from a major beauty company on the final quarter of calendar year 2023 – The Procter...

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More from China

Haleon Completes Deal To Grow Stake In China JV

 
• By Tom Gallen

Haleon now holds 88% of its China OTC joint venture after acquiring a larger stake in the business from its local partners.

Self-Care ‘Essential’ To Universal Health Coverage, Stress Asia Pacific Health Agencies

 
• By David Ridley

APAC health agencies such as WHO and Thailand's FDA are on board with the self-care agenda, and see it as crucial to achieving universal health coverage.

Haleon Talks Up China Strength As Investment Grows

 
• By Tom Gallen

Haleon highlighted consistent market share gains in China as it reported third-quarter results.

Haleon Strengthens Control Of China JV, Agrees Option To Buy

 
• By Tom Gallen

Joint venture business which markets Haleon's OTC drug brands in China will soon be 88% owned by the UK-based firm.

More from Asia

APAC Self-Care Congress: ‘Human Health Without Environmental Health Is Just Not Possible’

 
• By David Ridley

Self-care industry representatives from GSCF/AESGP, Bayer and Opella stress the seriousness of the global climate crisis at the 2024 GSCF, APSMI, TSMIA Joint Congress in Bangkok, Thailand, and also share iniatives that are attempting to deal with this crisis, for example replacing PVC in medicine blister packs with more easily recyclable materials.

Self-Care Policies Could Save Asia Pacific More Than $50bn A Year In Health Costs

 
• By David Ridley

GSCF research shows that self-care already saves the Asia Pacific region more than $30bn a year in healthcare system costs. To realize higher gains, health literacy, Rx-to-OTC switch and digitalization need to be leveraged, according to the EU-ASEAN Business Council.

Self-Care ‘Essential’ To Universal Health Coverage, Stress Asia Pacific Health Agencies

 
• By David Ridley

APAC health agencies such as WHO and Thailand's FDA are on board with the self-care agenda, and see it as crucial to achieving universal health coverage.