The American consumer goods conglomerate announced second-quarter profits that beat analysts’ expectations on Thursday, but posted revenues that came in under estimates, despite strong growth in health care and beauty.
Fragrance and flavor maker Givaudan said it was confident of delivering like-for-like sales growth of between 4% and 5% this year, within its mid-term target range, implying a slowdown from 5.8% growth last year.
Multibrand retailer Wolf & Badger has seen a “consistent rise in overall global sales and strong performance from its flagship stores in London and New York” to give it another period of higher full-year revenues.
Asos said it delivered an “encouraging” start to its financial year when it issued a trading update on Thursday, with the four months to December 31 seeing both total group revenue and total group sales up 20%.
The consumer products conglomerate and its ethnic beauty-focused subsidiary have teamed up to launch Emerge, a new brand that aims to empower multicultural Gen-Z women with affordable textured hair care products.
Despite hailing the deal as “a step in the right direction,” GlobalData reports that it will “offer little relief to apparel firms” caught up in the middle of the ongoing trade conflict between the two countries.