Earnings

The Procter & Gamble Company is working to mitigate the impact of tariffs, which will add up to $1.5bn in costs annually. The firm has lowered its fiscal 2025 outlook.

Beiersdorf AG hit some initial bumps with a repositioning of its business in China, but the firm is optimistic about the rollout of Thiamidol Skin Care In 2026.

L’Oréal Groupe reports in a first quarter presentation that its US business was more challenging than anticipated, while China “was slightly less bad” and Europe represented the best growth contributor. Separately, LVMH's Sephora sees ‘less momentum’ in its US business as competitor Amazon takes an aggressive position on beauty pricing.

Swiss firm reports highest revenues in its history as restructure pays off for its pharma and cosmetics businesses in 2024.

Coty Inc. reports fiscal second quarter sales slipped 3% on a reported basis to $1.67bn, reflecting further slowing of the mass beauty market, particularly color cosmetics.

L’Oréal Groupe expects total sales in 2025 to beat 4%-4.5% growth anticipated for the overall beauty market, with US population growth, planned innovations boding well across its beauty businesses.

Cincinnati-based P&G reports its antiperspirants/deodorants business is a ‘pocket of strength,’ growing 11% in the US in the fiscal second quarter and helping lift overall beauty sales as skin care stumbles.

New York-based International Flavors & Fragrances, Inc.’s Scent division is undertaking R&D in natural, synthetic chemistry and biotech molecules, says CEO Erik Fyrwald during a third quarter earnings presentation 6 November.

Firm’s future, as a separate business nearly 90% owned by Bausch Health, or as a standalone with different ownership or one not controlled by a majority owner, claims high profile in analysts’ comments and predictions. B+L is in the driver’s seat, they say.

Galderma Group AG’s investments in Cetaphil launch, ‘re-energizing’ of brand pay off with sales of the dermatology unit up 10.6% in the third quarter. Separately, Spanish beauty company Puig reports its Fragrance and Fashion business grew 11.1% and its makeup division advanced 7.3% in the quarter, while data insights company Consumer Edge identifies slowdown in direct-to-consumer beauty sales.

Beiersdorf AG will back the NIVEA skin care brand with the strongest ‘launch and relaunch’ innovation pipeline in the brand’s history in 2025, says CEO Vincent Warnery during a 24 October quarterly sales presentation.

Dermatological Beauty grew only 0.8% in L’Oréal’s third quarter, hampered by US sluggishness attributed in part to lack of innovation in the CeraVe brand. The company announced the launch of two new products that should help to boost the division’s sales in the fourth quarter and reaffirmed confidence in China and L’Oréal’s 2025 prospects.

While Beauty was the poorest performer among P&G’s five business units in the fiscal 2025 first quarter, the decline mostly reflects a 20% organic sales drop in skin care due to ongoing struggles in China. Beauty in North America grew 8% and in Europe 6%, the firm reported in an 18 October earnings report, reaffirming its full-year outlook for all-in sales growth in the range of 2%-4%.

Coty Inc.’s preliminary fiscal first-quarter sales growth of 4%-5% like-for-like versus expectations of 6% and LMVH’s third-quarter report showing soft sales of Selective Retailing and Cosmetics & Perfumes signal a slowdown in consumer spending in the US beauty market, analysts agree.

The Bolingbrook, Ill.-based beauty retailer cuts its fiscal full year 2025 guidance, citing shoppers’ migration to value-based products and competitive intensity, among other factors. The firm reported net sales for the fiscal second quarter inched up 0.9% to $2.6bn.

CEO Sue Nabi says Coty has created a “multi-functional, stand-alone organization” within its Consumer Beauty business to drive rapid-fire innovation. In a 20 August presentation, Nabi said the firm’s innovation pipeline undergirds its fiscal 2025 outlook of 6%-8% growth.

The beauty giant expects organic sales growth for fiscal 2025 to range between -1% and 2%, falling well short of analyst consensus of 7.2%, reflecting the firm’s overexposure in China and Asia travel retail. A new CEO is incoming with Fabrizio Freda set to step down in June 2025.

Marking a first for the iconic brand, Eucerin Face is rolling out in Target doors now, Beiersdorf leaders noted in a 7 August half-year earnings presentation. The firm’s Consumer business segment recorded nominal sales growth of 5.4% to €4.3bn in the first half of 2024, led by Nivea.

Since its launch of e.l.f. UP! last year on gaming platform Roblox, e.l.f. Beauty has achieved the number one branded experience on the platform with a 95% positive rating and 14 million plays. The firm’s fiscal first-quarter sales jumped 50% to $324.5m.

“We continue to believe that taking care of your health or someone in your family is the last place to look to make a change or save a few pennies,” says CEO Ron Lombardi. Firm more frequently using air freight services so Clear Eyes products are on store shelves when consumers expect.