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Loss Prevention Detective
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TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
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10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
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Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
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Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
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Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
By
Reuters
Published
Nov 2, 2021
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Estee Lauder cuts annual sales forecast on supply chain, Delta hit

By
Reuters
Published
Nov 2, 2021

Estee Lauder Cos Inc cut its full-year sales forecast on Tuesday, as the cosmetics maker grapples with industry-wide supply chain problems and takes a hit from the resurgence of COVID-19 cases in its key markets.


Photo: La Mer



The company's shares were down 2.2% in premarket trade, as renewed restrictions due to the Delta variant in some Eastern markets as well as in parts of Europe and Latin America dampened demand for the M.A.C brand owner's lipsticks and foundations in the first quarter.

Estee said its makeup category was the only segment yet to reach 2019 levels and added that traffic at its stores that were open also had not breached pre-pandemic levels.

Adding to Estee's woes, a global supply chain crunch resulting from port congestions and a shortage of labor has led to delays in transportation, and is expected to add to its expenses through the rest of fiscal 2022.

However, the La Mer beauty products maker said it would increase prices, use air freight and less congested ports in its effort to offset the impact.

The Clinique cosmetics maker now expects net sales to rise between 12% and 15% in fiscal 2022, down from its prior estimate of a 13% to 16% increase.

Still, Estee's first-quarter revenue and profit beat Wall Street expectations, boosted by strength in its La Mer and Clinique skin care brands as shoppers kept up their nighttime routines even as restrictions eased.

The New York-based company's net sales rose to $4.39 billion in the first quarter, from $3.56 billion a year earlier. Analysts on average had expected sales of $4.25 billion, according to IBES data from Refinitiv.

On an adjusted basis, the company earned $1.89 per share, beating estimates of $1.70.

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