Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Economic Times

Estee Lauder bets on fragrances and skincare to deliver strong annual profit

Estee Lauder Estee Le Labo Luxury Mac China United States

Estee Lauder forecast annual profit above many Wall Street estimates on Wednesday, betting its CEO's turnaround strategy would deliver sustained demand for luxury fragrances and strong performance in major growth market China. Shares of the Clinique and M.A.C owner, whose merger talks with Jean Paul Gaultier-owner Puig collapsed in May, rose about 18% in early trading after it also exceeded quarterly results expectations.

Resilient spending by affluent and younger ‌customers has boosted demand for ⁠the cosmetics ⁠maker's luxury fragrances and skincare products, such as Le Labo and Balmain Beauty. The company wants the same momentum for its makeup and hair care categories, for which net sales were respectively flat and declining.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

On the barricades with wheelie bins and shopping trolleys: Paris students rage at politicians and police

On the barricades with wheelie bins and shopping trolleys: Paris students rage at politicians and police

Unprecedented protests that began in low-income banlieue are turning ugly, with investigations under way into police brutality

The Guardian - UK

Broward County Confirms Its First Locally Acquired Dengue Case This Year, Placing Fort Lauderdale Area Under Mosquito Advisory

Broward County Confirms Its First Locally Acquired Dengue Case This Year, Placing Fort Lauderdale Area Under Mosquito Advisory

Broward County confirmed a locally acquired dengue case on Oct. 5 and issued a mosquito-borne illness advisory. Here is what residents should know.

Father-of-four collapses and dies while running first half marathon

Father-of-four collapses and dies while running first half marathon

John Meise was taking part in the Milwaukee Lakefront Marathon in Wisconsin when he collapsed not far from the finish line

The Independent UK

'Black Death Plague' Outbreak Reportedly Predicted by Mystic Baba Vanga as Russian Hospitals Lock Down

'Black Death Plague' Outbreak Reportedly Predicted by Mystic Baba Vanga as Russian Hospitals Lock Down

A Russian laboratory worker's death has prompted plague fears and Baba Vanga prophecy claims online, but authorities and the WHO say no plague outbreak has been confirmed.

International Business Times UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Democrats upbeat as unpopular Trump imperils Republican midterm hopes

Democrats upbeat as unpopular Trump imperils Republican midterm hopes

Polls show GOP candidates trailing Democrats in Senate races, and Republicans also struggling in House contests

The Guardian - US

Kentucky Measles Cases Reach 94, the Highest Yearly Count Since 1991, as Christian County Climbs to 44

Kentucky Measles Cases Reach 94, the Highest Yearly Count Since 1991, as Christian County Climbs to 44

Kentucky's measles count hit 94 on Oct. 5, the most since 1991, with seven hospitalized. See which counties are affected and what families can do.

Related Stories

Top stories on inkl right now

On the barricades with wheelie bins and shopping trolleys: Paris students rage at politicians and police

On the barricades with wheelie bins and shopping trolleys: Paris students rage at politicians and police

Unprecedented protests that began in low-income banlieue are turning ugly, with investigations under way into police brutality

The Guardian - UK

Broward County Confirms Its First Locally Acquired Dengue Case This Year, Placing Fort Lauderdale Area Under Mosquito Advisory

Broward County Confirms Its First Locally Acquired Dengue Case This Year, Placing Fort Lauderdale Area Under Mosquito Advisory

Broward County confirmed a locally acquired dengue case on Oct. 5 and issued a mosquito-borne illness advisory. Here is what residents should know.

Father-of-four collapses and dies while running first half marathon

Father-of-four collapses and dies while running first half marathon

John Meise was taking part in the Milwaukee Lakefront Marathon in Wisconsin when he collapsed not far from the finish line

The Independent UK

'Black Death Plague' Outbreak Reportedly Predicted by Mystic Baba Vanga as Russian Hospitals Lock Down

'Black Death Plague' Outbreak Reportedly Predicted by Mystic Baba Vanga as Russian Hospitals Lock Down

A Russian laboratory worker's death has prompted plague fears and Baba Vanga prophecy claims online, but authorities and the WHO say no plague outbreak has been confirmed.

International Business Times UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Democrats upbeat as unpopular Trump imperils Republican midterm hopes

Democrats upbeat as unpopular Trump imperils Republican midterm hopes

Polls show GOP candidates trailing Democrats in Senate races, and Republicans also struggling in House contests

The Guardian - US

Kentucky Measles Cases Reach 94, the Highest Yearly Count Since 1991, as Christian County Climbs to 44

Kentucky Measles Cases Reach 94, the Highest Yearly Count Since 1991, as Christian County Climbs to 44

Kentucky's measles count hit 94 on Oct. 5, the most since 1991, with seven hospitalized. See which counties are affected and what families can do.

Our Picks

There's A Reason Taxi Cabs Are Almost Always Yellow

Yellow taxis are easy to spot in traffic, but the color's history goes far beyond simple visibility.

How ‘technoference’ can disrupt parent-child connections

Have you ever been telling someone a story when their phone lights up, and their eyes flicker toward their device?

The Conversation

Holding Lightning by Emily Lordi review – an intimate portrait of Whitney Houston

An empathetic biography of the the singer recasts her tumultuous later career as a triumph of self-expression

The Guardian - UK

Brian May says Queen are retiring from live tours: ‘Maybe 50 years is enough’

Rock guitarist suggested creating an interactive experience for fans similar to the ‘Abba Voyage’ show

The Independent UK

"Lanterns" finds its power in fear

To fulfill his destiny, John Stewart embraces what he was trained to reject — and so should we

Robert De Niro's canine secret leaves Wag the Dog co-star Woody Harrelson shocked

Woody Harrelson revealed his surprise at discovering that his Wag the Dog co-star Robert De Niro owns 18 dogs, two of which starred alongside him in his movie The Alto Knights.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play