Higher prices and greater demand for beauty products helped Procter & Gamble Co’s exceed analyst estimates for quarterly revenue and profit on Tuesday, even as grooming product sales were hurt by a stronger U.S. dollar.
The conglomerate, which counts Olay, Pantene and SK-II among its brands, has teamed up with the animal protection organization the Humane Society International (HSI) to back its #BeCrueltyFree campaign.
German consumer goods company Henkel announced new hair care formulations and brands on Thursday, seeking to tap into demand for more natural ingredients as it tries to revive sluggish growth in its beauty business.
The headline story on Thursday from Anglo-Dutch consumer products giant Unilever was that sales growth missed analyst expectations in Q4 and that this year would remain challenging. But behind that, beauty was strong.
Procter & Gamble Co raised its sales forecast for the year on Wednesday after quarterly results topped Wall Street expectations, boosted by price hikes and strong demand for premium fabric and skin care products.
Henkel shares tumbled on Monday after the maker of Schwarzkopf shampoo and Persil detergent warned earnings would fall this year as it steps up investment in brands and digital technology to try to revive growth.