Hainan Sees Sequential Improvement in February Cosmetics Sales Data -- Market Talk

Dow Jones03-27

1402 ET - Sales of cosmetics and fragrances in Hainan improved sequentially in the month of February, D.A. Davidson analyst Linda Bolton Weiser says in a research note, citing Chinese government data. The Chinese duty-free island saw a 12.3% year-over-year drop in cosmetics sales in February, compared with a year-over-year decline of 44.5% in January. Sales of fragrances declined 11.5% over the same period, improving from a 33.3% drop in January. Overall, the perfumes category slightly outperformed cosmetics in February. The latest Chinese government data highly affects beauty giant Estée Lauder, since about 30% of its sales come from Mainland China and China-related travel retail, Bolton Weiser notes. Estée Lauder shares rise 0.2% to $139.42. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

March 26, 2024 14:02 ET (18:02 GMT)

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Overall, the perfumes category slightly outperformed cosmetics in February. The latest Chinese government data highly affects beauty giant Estée Lauder, since about 30% of its sales come from Mainland China and China-related travel retail, Bolton Weiser notes. Estée Lauder shares rise 0.2% to $139.42. 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Davidson analyst Linda Bolton Weiser says in a research note, citing Chinese government data....</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EL","symbol_name":"雅诗兰黛","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422640666","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422640666","pubTimestamp":1711476120,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1402 ET - Sales of cosmetics and fragrances in Hainan improved sequentially in the month of February, D.A. 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