“In emerging markets like Turkey and India, and that will continue as we navigate through the short-term disruptions we’re seeing in the East.” “We’re seeing strong growth ,” said Tracey Travis, Lauder’s executive vice president and chief financial officer. However, La Mer saw growth, as “did sales in the Americas and Europe, the Middle East and Africa. The Estée Lauder brand saw a decline in the quarter because of logistics headwinds there, the company said.
Skin care, Lauder’s largest category, was impacted by the challenges in China. The company named MAC, Estée Lauder, Clinique, Jo Malone London, Tom Ford Beauty, Aveda and Bobbi Brown as having grown double-digits in the quarter. Skin care sales were up 6 percent from the prior-year period, to nearly $2.4 billion makeup sales were up 9 percent, to about $1.1 billion, and hair care sales were up 15 percent, to $147 million. “Consumer demand remained robust even in this more inflationary environment.”Īll beauty categories grew sales, but fragrance numbers soared 28 percent year-over-year in the quarter to $579 million, up from $454 million. Eleven brands contributed double-digit organic sales growth and further demonstrated our diversification, empowered by our multiple engines of growth strategy,” said Freda on a call with Wall Street analysts.
“Every category grew organically, led by fragrance’s outstanding performance globally and the makeup renaissance in Western markets. Overall, Estée Lauder reported $4.25 billion in net sales for the quarter ended March 31, a 10 percent uptick from the prior-year period. The Chinese government has yet to impose a lockdown there, however. There are an estimated 350 million people in China under some form of lockdown as COVID-19 cases spread throughout the country, and are now in the capital of Beijing.