The leading luxury cosmetics retailer
The Estée Lauder Inc.
) is geared to put more thrust on Canada with the appointment of
Philippe Warnery as General Manager, Canada. Mr. Warnery's
appointment will be effective from Aug 12, 2013.
Prior to the appointment, Warnery served Estée Lauder as Vice
President, General Manager, International for the Origins and
Ojon brands where he lead EL's expansion into China, Norway,
Sweden, the Netherlands and Mexico. Prior to this, he also placed
the Clinique brand in over 20 key airports and duty free
locations as Regional Director for Clinique Travel Retail in
He will guide and coordinate the Estée Lauder team in Canada
as it is an important strategic focus in North America. Moreover,
he will probe into the profitability and growth of EL in the
region, build business relationships and evaluate market
conditions. Warnery is also expected to focus on locally relevant
products, manage operational effectiveness and build
On May 2, 2013, Estée Lauder posted third-quarter fiscal 2013
earnings of 45 cents per share (excluding restructuring charges),
which climbed 19.0% from 38 cents in the prior-year quarter.
The results were ahead of management's guidance range of 28
cents to 32 cents. The reported earnings also exceeded the Zacks
Consensus Estimate of 33 cents by 36.4%. Profits during the
quarter were aided by solid performance in the U.S. and the
Sales in the Americas rose 1.0% to $988.1 million. The sales
increased on the back of the growth in the company's makeup
artist brands and Aveda as well as a favorable year-over-year
comparison due to a sales return in the prior year. On a constant
currency basis, sales increased 2% in the region.
For fiscal 2013, earnings per share excluding restructuring
charges are projected in the range of $2.56 to $2.61 compared to
the $2.51 to $2.0 range previously. Net sales are expected to
increase between 6% in constant currency.
Headquartered in New York, Estée Lauder engages in the
manufacture and sale of skin care, makeup, fragrance and hair
care products and carries a Zacks Rank #3 (Hold). Nuskin
Enterprises Inc. (NUS) carrying a Zacks Rank #1 (Strong Buy) and
Avon Products Inc.
Inter Parfums Inc.
), both carrying a Zacks Rank #2 (Buy), are worth considering in
AVON PRODS INC (AVP): Free Stock Analysis
ESTEE LAUDER (EL): Free Stock Analysis Report
INTER PARFUMS (IPAR): Free Stock Analysis
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