+++ Business figures +++: Temu parent PDD increases revenue - but misses expectations
Fielmann suffers from poor consumer sentiment in Germany +++ AI investments cause Alibaba's profit to plummet +++ CTS Eventim's revenue grows by 17 percent in the first half year +++ The news blog.
Coty reported a 1.3% rise in revenue to $1.27 billion for the fourth quarter ended June, beating analyst expectations, driven by strong demand for perfume and cosmetics. However, the company's adjusted loss per share was wider than expected at 2 cents. Coty is implementing a strategy to streamline its business and cut costs, including a potential sale of brands like CoverGirl and Rimmel.
Estee Lauder reported a better-than-expected fourth-quarter revenue of $3.63 billion and forecast an adjusted profit per share of $3.10 to $3.35 for 2027, above market expectations. The company's revenue was boosted by demand for luxury fragrances and skincare products from affluent and younger customers.
Klarna posted a surprise second-quarter profit of $9 million, beating analyst expectations, as its revenue rose 27% to $1.04 billion. The company's gross merchandise volume rose 18% to $36.6 billion, but it lowered its full-year forecast due to a more cautious outlook for its German market.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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