Shares of cosmetics companies like Ulta Beauty, Coty and E.l.f. Beauty are under pressure this week as the industry grapples with slowing demand and a potential impact from tariffs. E.l.f. Beauty reported a revenue beat but missed earnings per share estimates and lowered its full-year guidance, citing a decline in the overall cosmetics sector. Estee Lauder also announced plans to cut 5,800 to 7,000 jobs by 2026.
Shares of Ulta Beauty and Coty also were under pressure this week as the broader sector grappled with the potential fallout from tariffs.E.l.f. closed out its worst week since August 2018, with shares cratering nearly 29% over the five-day period. The cosmetics brand on Thursdaya revenue beat for its fiscal third quarter, but missed on adjusted earnings per share and cut its full-year guidance to between $1.3 billion and $1.31 billion in sales, down from a prior range of between $1.
CEO Tarang Amin told CNBC in an interview on the results that the cosmetics sector broadly declined 5% in January, which he attributed to a hangover from holiday discounting and a decrease in online attention to beauty products. Analysts from Morgan Stanley, D.A. Davidson and UBS all downgraded the stock to neutral or equal weight following the report, citing the cut guidance.it would cut between 5,800 and 7,000 jobs by the end of fiscal 2026 and that softening travel retail demand in Asia would damage its net sales in the third quarter."Simply said, we lost our agility. We did not capitalize on the higher-growth opportunities," CEO Stéphane de La Faverie, who began in the position on Jan.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly On E.l.f. Beauty's earnings call Thursday, Amin said the company saw"a little bit of softness" at Ulta, one of the brand's retailers, in January.L'Oreal looks to U.S. 'land of opportunity' as China disappoints
Cosmetics E.L.F. Beauty Estee Lauder Ulta Beauty Coty Tariffs Job Cuts Earnings Demand
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cosmetics Stocks Tumble as E.l.f. Beauty Cuts Guidance and Estee Lauder Announces Job CutsE.l.f. Beauty's shares plunged following a revenue beat but missed earnings per share and lowered full-year sales guidance. Estee Lauder announced plans to cut up to 7,000 jobs by 2026. Ulta Beauty and Coty also saw declines as the industry grapples with tariff concerns and softening demand.
Read more »
Ronald S. Lauder retires from Estée Lauder Companies Board of DirectorsMr. Lauder has named his son-in-law, Eric Zinterhofer, as his replacement.
Read more »
Ronald Lauder Retires from Estée Lauder Board, Son-in-Law Eric Zinterhofer ElectedRonald S. Lauder, a longtime director of The Estée Lauder Companies, has announced his retirement from the board. His son-in-law, Eric Zinterhofer, has been elected as his successor.
Read more »
Paulina Porizkova Returns to Estée Lauder as Global Brand AmbassadorPaulina Porizkova, the Czech model and writer, is back as a global brand ambassador for Estée Lauder. This partnership marks a full circle moment for Porizkova, who was a spokesperson for the brand in the 1980s. Now, she advocates for the beauty of aging and champions women's visibility at every age.
Read more »
Why Paulina Porizkova Is Back as Ambassador for Estée LauderThe model and actress is returning to Estée Lauder after a three-decade break. But this time, she wants to serve a bigger purpose.
Read more »
Linda Evangelista, at 59, Embraces Aging as Estée Lauder AmbassadorLinda Evangelista, the iconic supermodel, is returning to Estée Lauder as an ambassador, but this time her focus is on challenging beauty standards for aging women. Evangelista, known for her youthful beauty during her modeling career, is now embracing her wrinkles as a 'map of age' and encourages other women to do the same. She advocates for natural aging and wants to shift the narrative around wrinkles, comparing them to the 'signs of privilege' of a long life.
Read more »