Estee Lauder has reported a second quarter profit decline:
Estee Lauder’s net income fell 30 percent to $158 million, or 80 cents a share, in the three months through Dec. 31 from $224.4 million, or $1.14, a year earlier. Analysts estimated profit of 77 cents, the average of 12 projections compiled by Bloomberg, after Estee Lauder said on Jan. 16 profit would range from 75 cents to 82 cents. ...
Revenue declined 13 percent to $2.04 billion, hurt by a consumer-spending slowdown at department stores and in air travel, which affects duty-free shopping, the company said in the statement. Ten analysts predicted revenue of $2.03 billion.
Sean John is part of the Estee Lauder portfolio of designer fragrances. In a
filing, they state:
Second Quarter Fiscal 2009 as Compared with Second Quarter Fiscal 2008 ...
Net sales of fragrance products decreased 20%, or $105.5 million, to $415.0 million. This decline was largely due to lower sales of designer fragrances, of which approximately $59 million was attributable to DKNY Be Delicious, Sean John Unforgivable, DKNY Red Delicious Women, Sean John Unforgivable Woman and certain Tommy Hilfiger fragrances. ...
Six Months Fiscal 2009 as Compared with Six Months Fiscal 2008 ...
Net sales of fragrance products decreased 11%, or $90.7 million, to $742.8 million. This decline was largely due to lower sales of designer fragrances, of which approximately $91 million was attributable to Sean John Unforgivable, DKNY Be Delicious, DKNY Red Delicious Women, Donna Karan Cashmere Mist, Sean John Unforgivable Woman and certain Tommy Hilfiger fragrances. ...
New York Times' fragrance expert Chandler Burr has written a review of "I Am King." Overall, it's a very positive review.
Perhaps the best Fresh Neon masculine since Mugler Cologne, I Am King has the perfectly calibrated accessibility of Light Blue for Women and deserves to be a massive hit. No detergent, no tin can, no cliché, King is as irresistible as a great pop hook. Marketing people often use the obnoxious word “addictive.” This is, finally, that.
... The fresh-fruit lusciousness floods the senses, floats on the skin. Audacious. Inventive. And olfactorily impressive.
