×
52
Fashion Jobs
SHISEIDO
Drunk Elephant Account Manager - Arnotts Dublin (37.5 Hours)
Permanent · Dublin
LEVI'S
Summer Stylist Temp
Fixed-term · Kildare
RITUALS
Store Manager - Dundrum (40 Hours)
Permanent · Dublin
RITUALS
Sales Advisor - Dundrum (8 Hours)
Permanent · Dublin
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 16h - Permanent - Dublin m/f
Permanent · DUBLIN 2
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 15h - Permanent- bt Dundrum m/f
Permanent · DUBLIN
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 10h - Fixed-Term - bt Dundrum m/f
Fixed-term · DUBLIN
LULULEMON
Educator | Brown Thomas Grafton st Part-Time
Permanent · Dublin 2
BA&SH
New Opening - Staff Members - Dundrum Dublin
Permanent · DUBLIN
LULULEMON
Key Leader | Brown Thomas Grafton st
Permanent · Dublin
AMERICAN VINTAGE
Assistant Store Manager (M/W) New Opening
Permanent · KILDARE
RITUALS
Sales Advisor - Galway (24 Hours)
Permanent · Galway
BA&SH
Sales Assistant - Kildare Village - New Opening
Permanent · KILDARE
BA&SH
Store Manager - Kildare Village - New Opening
Permanent · KILDARE
AMERICAN VINTAGE
Store Manager (M/W) New Opening
Permanent · KILDARE
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (15 Hours)
Permanent · Dublin
TK MAXX
10014-Associate
Permanent · Drogheda
LULULEMON
Store Manager | Brown Thomas Cork
Permanent · Cork
LULULEMON
Educator Part-Time | Dundrum
Permanent · Dublin
LULULEMON
Educator Full - Time | Dundrum
Permanent · Dublin
RITUALS
Supervisor - Dundrum (32 Hours)
Permanent · Dublin
RITUALS
Store Manager - Dundrum (40 Hours)
Permanent · Dublin
By
Reuters
Published
May 4, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Estee Lauder 3rd quarter profit tops view

By
Reuters
Published
May 4, 2009

NEW YORK, May 4 (Reuters) - Estee Lauder Cos Inc (EL.N) reported a much higher-than-expected quarterly profit on Monday, helped by increased sales in Asia, sending shares up 3 percent in light, premarket trade.

But the maker of Clinique and M.A.C. gave a cautious outlook for the current quarter as the global recession dampens demand for cosmetics and skincare products.


Estée Lauder

"The uncertainty about future market conditions, consumer spending patterns and the financial strength of some of the company's key retail customers, coupled with retailer destocking, will continue to negatively affect ... results for the remainder of fiscal 2009," Estee said in a statement, adding that "definitive forecasting" was "difficult."

Estee Lauder earned $27.2 million, or 14 cents per share, in its fiscal third quarter that ended on March 31, down from $90.1 million, or 46 cents per share, a year earlier.

Excluding restructuring and other charges, earnings were 16 cents per share.

Analysts on average were expecting 5 cents per share, according to Reuters Estimates.

Sales fell 10 percent to $1.70 billion. Excluding the impact of the stronger U.S. dollar, sales fell 2 percent as the global recession hurt demand for makeup. Sales fell in all geographic areas except the Asia/Pacific region, where they rose 3.8 percent.

The company said it now expects 2009 earnings of $1.32 to $1.44 per share, excluding items. Its prior forecast ranged from $1.30 to $1.60 per share. Analysts on average had been expecting $1.35 per share, according to Reuters Estimates.

That forecast excludes additional restructuring and other charges it will likely take this year in connection with the four-year restructuring plan it unveiled earlier this year.

Estee shares were up 3 percent at $32.10 in premarket trade, up from their close at $31.13 on Friday on the New York Stock Exchange. (Reporting by Martinne Geller, editing by Maureen Bavdek)

© Thomson Reuters 2022 All rights reserved.