International fragrance, consumer products and flavor giant Givaudan reported a 5.7 percent growth in sales for the first half of 2013, with a solid performance bolstered by high growth in Latin America and other emerging markets.
The Estée Lauder Companies posted solid third quarter results, as sales climbed steadily and profits rose significantly as it realized benefits from its cost restructuring program.
Avon Products has reported another big dip in sales and net profit for its third quarter as the company continues to battle operational challenges and a sliding market share.
Avon Products has reported one of its worst quarterly results in many years, with both sales and profits taking a big hit on the back of tough market conditions and an ill-defined product portfolio.
Although Procter & Gamble’s second quarter results were buoyed by a strong performance in the developing markets, slower consumer spend in the US market holds back growth.
US color cosmetics and fragrance player Elizabeth Arden has posted a strong first quarter, boosted by international sales and positive currency translations.
Avon third quarter US dollar sales were virtually flat, while a renewed SEC probe into bribes in China meant the company’s stock value has plummeted to a year low.
Although market researcher Demeter Group is predicting tougher times for the US cosmetics industry in the second half of 2011, there are a handful of key industry trends that are expected to cushion the blow.
Avon Products reported above market average sales growth for the third quarter, a result that was driven by strong growth in new markets that helped to offset falling North American sales.
All four of L’Oreal divisions have recorded strong growth in the first nine months of financial year 2010, reaffirming the strength of the company’s recovery.
Procter & Gamble has delivered net sales growth of 6 percent for its second quarter, with strong unit volume sales growth indicating its brands are back on track.
Despite reporting net profits down 30 percent for the fourth
quarter the result was still better than expected - further boosted
by stronger sales predictions for 2008.
Personal care and oral care player Colgate-Palmolive has announced
a further increase in quarterly profits on the back of cost cuts
and sales increases in key categories, including toothpaste and
shower gel.
Johnson & Johnson (J&J) posted high fourth quarter sales
growth supported by a sharp rise in personal care sales that helped
the company achieve strong full year financial results.
First quarter sales made significant progress at Elizabeth Arden,
which the company said was largely attributable to the successful
international launch of its new Mariah Carey fragrance.
Avon's third quarter results show a significant increase in
profits supported by successful third quarter sales,
illustrating how the company is reaping the
benefits of its restructuring initiatives.
Proctor and Gamble reported on target sales growth for the first
quarter but beauty lagged behind other divisions after a health
scare hit the sales of a key skin care product in Asia.
Colgate-Palmolive posted a significant rise in its third quarter
profits, lifted by strong sales in emerging markets and
cost-cutting measures that contributed to increased operating
income.
Strong third quarter sales figures at Tupperware Brands indicate
that direct selling cosmetics firms should concentrate on emerging
markets as the retail channel has lost popularity in some
established markets.
Fragrance and flavors player IFF reported increased second quarter
net income and sales, although falling market prices impacted the
performance of the company's fragrance division.
Avon has reported a healthy 12 percent leap in its second quarter
sales turnover, but the good news was overshadowed by a 25
percent drop in profits as restructuring charges related to its
turnaround plan hit hard.
Fragrance, colors and flavors firm Sensient Technologies has
reported strong results for its fourth quarter and full financial
year, following higher sales, improved product mix and increased
prices.
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