Shopify Shares Soar as Revenue Outlook Beats Estimates
Shares surged after the company's third-quarter revenue outlook beat expectations, strengthening the view that it faces limited disruption from AI.
earnings
Beauty
L’Oréal Reports 6 Percent Jump in Fourth-Quarter Sales
The French cosmetics giant typically outperforms rivals, but growth has slowed in recent quarters due to fierce competition and challenges in China and the US.
L’Oréal Reports 6 Percent Jump in Fourth-Quarter Sales
The French cosmetics giant typically outperforms rivals, but growth has slowed in recent quarters due to fierce competition and challenges in China and the US.
Beauty
Unilever Sales Lifted by Dove Soap, India Beauty Demand
The UK personal care giant posted better-than-expected sales at the end of last year, boosted by premium beauty and home care products in India and China.
Unilever Sales Lifted by Dove Soap, India Beauty Demand
The UK personal care giant posted better-than-expected sales at the end of last year, boosted by premium beauty and home care products in India and China.
Luxury
Hermès Reports 9.8% Revenue Growth in Fourth Quarter, Beating Expectations
Sales in the Americas region, mainly the United States, rose by 12.1 percent, beating expectations of around 9 percent.
Hermès Reports 9.8% Revenue Growth in Fourth Quarter, Beating Expectations
Sales in the Americas region, mainly the United States, rose by 12.1 percent, beating expectations of around 9 percent.
Luxury
EssilorLuxottica Growth Propelled by Boom in Meta Glasses Sales
The world’s biggest eyewear maker reported an 18 percent surge in fourth-quarter sales, far surpassing analysts’ estimates.
EssilorLuxottica Growth Propelled by Boom in Meta Glasses Sales
The world’s biggest eyewear maker reported an 18 percent surge in fourth-quarter sales, far surpassing analysts’ estimates.
Beauty
Drunk Elephant Isn’t Shiseido’s Only Problem
Japan’s largest beauty company posted its first loss in decades after writing down Drunk Elephant. With a turnaround in progress, it needs to revisit its overall brand mix to prove it can — or can’t — evolve.
Drunk Elephant Isn’t Shiseido’s Only Problem
Japan’s largest beauty company posted its first loss in decades after writing down Drunk Elephant. With a turnaround in progress, it needs to revisit its overall brand mix to prove it can — or can’t — evolve.
Retail
Mytheresa Parent Company Returns to Growth in Sales and Profits
LuxExperience, which comprises the German luxury e-tailer and Yoox Net-a-Porter, logged increases in net sales and adjusted EBITDA after both fell in the previous quarter.
Mytheresa Parent Company Returns to Growth in Sales and Profits
LuxExperience, which comprises the German luxury e-tailer and Yoox Net-a-Porter, logged increases in net sales and adjusted EBITDA after both fell in the previous quarter.
Beauty
Shiseido Expects Profit Rebound After Drunk Elephant Writedown
Shiseido Co. said it expects to return to operating profit this year after posting its first loss in decades in 2025 due to a writedown of the Drunk Elephant brand.
Shiseido Expects Profit Rebound After Drunk Elephant Writedown
Shiseido Co. said it expects to return to operating profit this year after posting its first loss in decades in 2025 due to a writedown of the Drunk Elephant brand.
Luxury
This Week: Another Tough Quarter for Kering
Kering’s latest earnings report will likely show another steep sales decline at its largest brand. Plus, New York Fashion Week begins.
This Week: Another Tough Quarter for Kering
Kering’s latest earnings report will likely show another steep sales decline at its largest brand. Plus, New York Fashion Week begins.
Sports
Under Armour Lifts Annual Forecasts as Turnaround Slows
CEO Kevin Plank has ramped up cost cuts, simplified product mix and rolled out new apparel and footwear styles since returning to the helm in April 2024.
Under Armour Lifts Annual Forecasts as Turnaround Slows
CEO Kevin Plank has ramped up cost cuts, simplified product mix and rolled out new apparel and footwear styles since returning to the helm in April 2024.
Beauty
Coty Shares Slide 14% After Pulling 2026 Guidance
The beleaguered American cosmetics maker also warned of a weaker third quarter to follow, with its new interim CEO saying the company was ‘not delivering as it should.’
Coty Shares Slide 14% After Pulling 2026 Guidance
The beleaguered American cosmetics maker also warned of a weaker third quarter to follow, with its new interim CEO saying the company was ‘not delivering as it should.’
Luxury
Canada Goose Shares Sink Most in Six Years as Results Miss
The Toronto-listed stock plummeted as much as 24 percent on Thursday.
Canada Goose Shares Sink Most in Six Years as Results Miss
The Toronto-listed stock plummeted as much as 24 percent on Thursday.
Luxury
Ralph Lauren Sales Growth Slows as Wary Consumers Pull Back
Sales growth decelerated in the most recent quarter in a sign that the company’s accessible luxury apparel is losing momentum with cautious shoppers.
Ralph Lauren Sales Growth Slows as Wary Consumers Pull Back
Sales growth decelerated in the most recent quarter in a sign that the company’s accessible luxury apparel is losing momentum with cautious shoppers.
The News in Brief
Next Upgrades Profit Outlook Again on Strong Summer Spending
The UK retailer said it benefited from sunny weather and the release of some “pent-up demand” in the Middle East and northern Europe.
Shiseido’s Profits Recover in First Half Amid Turnaround
Growth turned positive in the second quarter, driven by key regions like the Americas, as the Japanese giant executes its yearlong restructuring plan.
Amazon Loses US Court Ban on Perplexity’s AI Shopping Tools
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.