THE WHAT? The Estée Lauder Companies has reported net sales of US$17.74 billion for its fiscal year ended June 30, 2022, an increase of 9 percent from US$16.22 billion in the prior-year period.
THE DETAILS Organic net sales increased 8 percent, driven by double-digit growth in The Americas and Europe, the Middle East & Africa (EMEA) regions.
However, net sales in most of the company’s product categories and in EMEA were adversely impacted by a stronger U.S. dollar in relation to most currencies.
Skin care net sales grew in The Americas, which was offset by a decline in the EMEA region. Net sales growth from La Mer, Clinique and Bobbi Brown was offset by a decline from Estée Lauder.
In fragrance, net sales grew across every region and every fragrance brand, led by Jo Malone London, Tom Ford Beauty and Le Labo.
Meanwhile the make-up arm net sales increased among most brands, which was said to be be reflective of the continued recovery in western markets, increased usage occasions and easier comparisons to the prior year. The growth was led by both M·A·C and Estée Lauder.
THE WHY? ELC’s first quarter fiscal 2023 reported net sales are forecasted to decrease between 10 percent and 8 percent versus the prior-year period.
According to the company, “This range includes the negative impacts from the termination of the Company’s license agreements for the Donna Karan New York, DKNY, Michael Kors, Tommy Hilfiger and Ermenegildo Zegna product lines effective June 30, 2022, the negative impact related to Russia and Ukraine, and the negative impact from foreign currency translation, as well as certain impacts of foreign currency transactions in key international travel retail markets.”
Injectable aesthetics are popular due to their ability to provide noticeable results with minimal downtime compared to surgical procedures. They are versatile and can be tailored to meet individual aesthetic goals, whether it's enhancing lips, restoring facial volume, or smoothing out wrinkles. However, they should always be administered by qualified professionals to ensure safety and achieve optimal results.
Injectable aesthetics are used to enhance facial features, reduce the signs of aging, and improve overall facial symmetry and appearance.
Key types of injectable aesthetics include:
-
Dermal Fillers: These injectables are used to add volume, fill in wrinkles and folds, and enhance facial contours. They often contain substances like hyaluronic acid, collagen, or calcium hydroxylapatite, which help plump up the skin and smooth out fine lines and wrinkles.
-
Botulinum Toxin (Botox): Botulinum toxin injections temporarily relax facial muscles that cause wrinkles and lines to form. It is commonly used to treat forehead lines, frown lines between the eyebrows, and crow's feet around the eyes.
-
Collagen Stimulators: These injectables stimulate the body's own collagen production, helping to improve skin texture and firmness over time. Examples include poly-L-lactic acid (Sculptra) and calcium hydroxylapatite (Radiesse).
-
Neurotoxin Injections: Besides Botox, other neurotoxins such as Dysport and Xeomin are used similarly to reduce wrinkles and lines.
