Earnings Brief
Coach Lifts Parent Co. As China Booms
The New York-based luxury lifestyle group Tapestry has swung back to profit thanks to strong e-commerce in North America and Chinese growth. Read More
Estée Lauder’s Earnings Reflect Post-COVID Beauty Trends
Although makeup demand slumped, the pandemic-induced pivot to skin care and fragrance helped Estée Lauder’s Q3 sales soar 16 percent to $3.86 billion. Read More
Apple Sets Record Quarter Thanks to China’s 5G Appetite
Apple’s revenue in China jumped a staggering 87 percent to $17.7 billion, propelled by strong demand for its first 5G smartphone. Read More
Puma’s Sales Leap in Q1 and So Does Confidence, Despite COVID-19
Puma has now had two quarters of growth and its three core regions are fairly balanced by weight compared to this time last year. Read More
SMCP Struggles In Q1 Despite Doubling Of Mainland China Sales
The French group’s recovery in Asia-Pacific was not enough to offset deep declines in Europe over the first three months of 2021. Read More
Moncler Can Thank China For Its Comeback
Although Moncler posted strong Q1 results, with revenues rising 21 percent, CEO Remo Ruffini says there’s still much work to be done. Read More
Hermès Rides High In Q1 Thanks To Asia
Watches and jewelry made the biggest gains for Hermès, though all the categories at this esteemed French luxury house grew in high double digits. Read More
Gucci Leads Kering’s Growth Once Again
After staining Kering’s scorecard in 2020, Gucci has managed to reclaim its star status this quarter, surging 25 percent in revenues. Read More
L’Oréal Propelled By Gains In Asia Pacific
L’Oréal’s brick-and-mortar and e-commerce investments in the Mainland seem to have paid off, particularly for the French group’s luxury division. Read More
Louis Vuitton, Dior Drive LVMH’s COVID Comeback
LVMH reported that revenue jumped 32 percent in the first quarter of 2021 to 14 billion euros, driven by its reigning champs Louis Vuitton and Dior. Read More
