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Earnings Brief

  • Double-Digit Growth In China Spurs Estée Lauder’s Recovery

    Chenyue Fu  |   Share
    Cosmetics giant Estée Lauder reported a 4-percent net sales drop during its fiscal year ending June 30, 2020, despite double-digit growth in China. Read More
  • COVID-19 Helps Alibaba Beat Q1 Expectations

    Yaling Jiang  |   Share
    Tmall Global’s gross merchandise value grew by over 40 percent, and Taobao Live’s jumped over 100 percent year-on-year during a strong Q1 for Alibaba. Read More
  • JD.com’s Revenue Jumps ‘Beyond Expectations’ for Q2

    Yaling Jiang  |   Share
    Thanks to China’s recovery from the pandemic and its 618 promotion, JD.com’s revenue for Q2 more than doubled from a year ago. Read More
  • Tencent Scores A Big Q2 Before Trump’s WeChat Ban Plan

    Wenzhuo Wu  |   Share
    Tencent Holdings, the parent company of WeChat, reported a strong second quarter of 2020, while a potential WeChat ban in the US looms. Read More
  • Kors, Versace Parent Company Survived Q1 Thanks To China

    Chenyue Fu  |   Share
    On August 5, Capri Holdings, which is the parent company of Michael Kors, Versace, and Jimmy Choo, revealed its first-quarter fiscal 2021 results. Read More
  • After a Tough Q1, Ralph Lauren Expects A Full Recovery in Q2 For China

    Yaling Jiang  |   Share
    Ralph Lauren Corporation reported a 66 percent revenue decrease in Q1 but said mainland China sales might return to pre-COVID levels next quarter. Read More
  • L’Oréal Holds Tight As China Keeps Up Growth

    Wenzhuo Wu  |   Share
    L’Oréal is expected to outperform the beauty market and return to growth thanks to China’s sharp recovery and e-commerce growth in the first half of 2020. Read More
  • Hermès First-Half Results Are Grim, Except For Online Sales In China

    Chenyue Fu  |   Share
    The maker of the iconic Birkin bag, Hermès, is feeling the brunt of the pandemic, as its sales plunged by 42 percent over the second quarter. Read More
  • Prada Stays Confident Despite A Rough First Half

    Wenzhuo Wu  |   Share
    Though net revenues fell by 40 percent during the first half of 2020, Prada had recorded high double-digit sales growth in China since April. Read More
  • Kering Reports Strong Recovery in China Amid Prolonged Slump

    Wenzhuo Wu  |   Share
    Kering reported a 43.3 percent decrease of its consolidated revenue in the second quarter of 2020, yet China’s market fueled the group’s recovery. Read More
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