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Estée Lauder Makeup net sales rise in Q1
28 Oct '05
3 min read
Makeup net sales for the quarter rose 3 percent to $604.9 million on a reported basis and increased 3 percent in local currencies. This category was up against a difficult comparison to the prior-year quarter which grew 23 percent and reflected major new product launches.
Growth was generated from the Company's MAC brand, as well as from new or recently launched products like Repairwear Anti-Aging Makeup SPF 15 and Coulour Surge Butter Shine Lipstick from Clinique, and Individualist Natural Finish Makeup from Estée Lauder.
The fragrance category continues to be challenging. Net sales in the quarter on a reported basis decreased 6 percent to $293.2 million compared to the prior period and declined 6 percent in local currencies.
Fragrance sales benefited from the continued success of DKNY Be Delicious and recent launches of True Star Men from Tommy Hilfiger and DKNY Be Delicious Men. These increases were more than offset by lower sales of certain Tommy Hilfiger fragrances, Estée Lauder Beyond Paradise and Lauder Beyond Paradise Men.
Net sales of hair care products and services for the quarter rose 12 percent to $70.4 million on a reported basis and increased 11 percent in local currencies, due primarily to higher sales at Aveda and Bumble and bumble.
Operating income decreased in skin care and fragrance primarily due to flat and lower sales, respectively, and increased investment spending.
Makeup operating incomedeclined reflecting slightly higher sales which were more than offset by planned new product investment spending, along with a difficult comparison to prior year results among the Company's BeautyBank brands. Hair care operating results were higher due to the increased sales.
Growth was generated from the Company's MAC brand, as well as from new or recently launched products like Repairwear Anti-Aging Makeup SPF 15 and Coulour Surge Butter Shine Lipstick from Clinique, and Individualist Natural Finish Makeup from Estée Lauder.
The fragrance category continues to be challenging. Net sales in the quarter on a reported basis decreased 6 percent to $293.2 million compared to the prior period and declined 6 percent in local currencies.
Fragrance sales benefited from the continued success of DKNY Be Delicious and recent launches of True Star Men from Tommy Hilfiger and DKNY Be Delicious Men. These increases were more than offset by lower sales of certain Tommy Hilfiger fragrances, Estée Lauder Beyond Paradise and Lauder Beyond Paradise Men.
Net sales of hair care products and services for the quarter rose 12 percent to $70.4 million on a reported basis and increased 11 percent in local currencies, due primarily to higher sales at Aveda and Bumble and bumble.
Operating income decreased in skin care and fragrance primarily due to flat and lower sales, respectively, and increased investment spending.
Makeup operating incomedeclined reflecting slightly higher sales which were more than offset by planned new product investment spending, along with a difficult comparison to prior year results among the Company's BeautyBank brands. Hair care operating results were higher due to the increased sales.
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