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EssilorLuxottica revenue soars due to AI glasses
EssilorLuxottica revenue soared last quarter due to its artificial intelligence glasses, though its profit margins were hit by United States tariffs. Revenue was EU€7.60 billion, up 18.4% year-over-year and surpassing Bloomberg estimates of more than 11%. Adjusted operating profit across 2025 increased 6.8% to €4.5 billion. “This year marks a historic milestone: for the first time in EssilorLuxottica’s history, we delivered annual double-digit sales growth at constant currency, following another record quarter in Q4, up 18.4%. In an uncertain macroeconomic and geopolitical environment, and despite headwinds from U.S. tariffs, we reached record earnings, while making bold investments to advance our innovation agenda,” said CEO Francesco Milleri and deputy CEO Paul du Saillant. “While we confirm to be on track with the five-year outlook communicated in March 2022, today we’re updating it. Looking ahead to the next five years, we are committed to delivering solid revenue growth, with the adjusted operating profit’s pace broadly aligned, as we lead our Company decisively into its medtech transformation journey.” Across 2025, revenue climbed 11.2% to €28.49 billion. The company credited this to high sales of the AI glasses
Fashion
Estee Lauder sales return to growth after turnaround plan
Following a year of declining sales, Estée Lauder has returned to growth after the launch of its ‘Beauty Reimagined’ turnaround plan. In its fiscal second quarter, the beauty conglomerate posted net sales of US$4.2 billion (A$6.02 billion), up 6% from last year. “In this pivotal year, Beauty Reimagined has invigorated our business as we execute the biggest operational, leadership, and cultural transformation in our history,” Estée Lauder president and CEO Stéphane de La Faverie said. This was primarily driven by its skin care brands, where sales increased by 6% year-over-year to $1.2 billion. The company’s fragrances also saw strong 6% growth to $812 million, with gains across all regions, led by high single-digit growth from Tom Ford, Le Labo and Kilian Paris. Its Makeup brands decreased 1%, driven by Estée Lauder and offset by MAC. The company also increased net earnings from a loss of $1.64 per share the same time last year to 44 cents per share. Estée Lauder expects organic net sales to grow 1% to 3%, expecting growth in all regions except the Americas, where growth is expected to remain flat. “On its one-year anniversary, we raise our fiscal 2026 outlook confident in the strength of our turnaround, eve
Fashion
E.l.f beauty raises outlook and beats expectations
On the back of beating expectations for its fiscal third quarter, E.l.f Beauty has raised its guidance for the fiscal year. The beauty giant’s revenue grew 38% to US$489.5 million and beat analysts' expectations of $460 million. The company said this was driven by both its retailer and e-commerce channels, in the U.S. and internationally. “Our Q3 results, which included 130 basis points of market share gains for our namesake e.l.f. Cosmetics brand and a record-breaking launch of rhode in Sephora in the UK, are a continuation of the consistent, category-leading growth we’ve delivered over the past 28 quarters,” E.l.f Beauty chairman and CEO Tarang Amin said. Recently acquired skincare brand Rhode contributed $128 million to the company’s net third-quarter sales growth. E.l.f told CNBC that it expects Hailey Bieber’s skincare brand to contribute up to $265 million in net sales this year, up $65 million from previous guidance. The company also raised overall revenue guidance and now expects it rise 22% to 23% year-over-year. Net income for the company came in at $1.24 per share, surpassing expectations of 72 cents per share. It also raised net income expectations from between $2.80 and $2.85 per share to $3.05
Fashion
Paris Fashion Week concludes for Fall 2026
One of the most hotly anticipated fashion events on the calendar has come to a close today: Paris Fashion Week. Drawing in celebrities, artists and the mega wealthy, the fashion world has four major fashion weeks in New York City, Paris, Milan and London. Kicking off this year was the Men's Fashion week in Paris, from January 20 to 25th, followed by Paris Haute Couture week from the 26th to 29th. The four-day event saw a range of fashion houses show off their latest, including the hotly anticipated debut collections from both Chanel's and Dior's new head designers, Matthieu Blazy and Johnathan Anderson. It was also the first couture show from Armani Prive since the death of the house's founder and namesake Giorgio Armani in 2025 Many high-profile names were in attendance, including Amazon CEO Jeff Bezos and his wife Lauren Sanchez, along with major brands sponsoring the exclusive event, including L'Oréal Paris, Accor, DEFI, and PwC.
Fashion
H&M beats estimates in Q4 2025
Fashion retailer H&M beat forecasts in its latest earnings report for Q4 profit, but warns of a drop in December-January local-currency sales. Operating profit jumped 38% to 6.364 billion crowns (US$723.5 million), beating analyst expectations of 5.53 billion crowns on an organic sales increase of 2%. Sales in local currencies between 1 September 2025 and 30 November 2025 rose by 2%, with net sales totalling 59.221 million crowns. “Performance during the quarter was largely driven by a stronger customer offering, good cost control and improved inventory productivity, as well as external factors that positively affected purchasing costs,” H&M CEO Danoel Ervér said. Evér also said the company’s work in 2025 has contributed to positive development towards its future targets. “The gross margin for the full year was at the same level as in the previous year, and the operating margin increased to 8.1%, compared to 7.4% last year,” he said. The company’s CEO said it will continue to strengthen its foundation for continued profitable and sustainable growth, despite a potential rocky start to the new year. “The start of the new year has been marked by continued geopolitical and economic uncertainty, which underlines th

Fashion
Italian fashion designer Valentino dies at 93
Valentino Garavani, one of the leading fashion designers of his generation, died on Monday at the age of 93. His death was announced by his foundation in a post on Instagram. “Valentino Garavani passed away today at his Roman residence, surrounded by his loved ones,” the foundation wrote. Valentino was known as "the emperor" and for the use of red as his signature colour in dresses included in all of his collections from the time he was introduced to the fashion world in 1959. "I think a woman dressed in red is always wonderful, she is the perfect image of a heroine," he wrote in the book "Rosso" (Red) published in 2022. He designed the wedding gown worn by Elizabeth Taylor at her eighth wedding in 1991 and dressed movie stars like Sharon Stone and Penelope Cruz, along with former American first lady Jackie Kennedy. An only child born into a wealthy family in Voghera, where his father ran an electrical supplies company, he developed a love of fashion from a young age, studying haute couture in Milan and Paris, where he worked for designer Jean Dessès. Valentino opened his own fashion house in Rome in 1960, designing a gown that Elizabeth Taylor wore at the premiere of the film "Spartacus" the same year, and ev
Fashion
Lululemon jumps 11% on earnings; CEO departs
Lululemon Athletica beat third-quarter expectations, with shares jumping over 11% after-hours as the company announced the departure of CEO Calvin McDonald. McDonald joined the athleisure brand in 2018 and is set to step down from his role on 31 January 2026. While no permanent successor is in place, chief financial officer, Meghan Frank and chief commercial officer André Maestrini will serve as interim co-CEOs to ensure a smooth transition. This comes as the company announces better-than-expected third-quarter earnings. While the company found growth globally, it is still struggling to build growth in the Americas, its biggest market. While comparable sales increased 1% or 2% on a constant dollar basis, and international sales grew 18%, comparable sales in the Americas decreased by 5%. Overall net revenue rose 7% to US$2.6 billion, surpassing analysts' projections of $2.48 billion. Despite this, net revenue in the Americas fell 2%. Adjusted earnings per share of $2.59 also topped estimates of $2.21 according to FactSet. However, this fell below the $2.87 per share that the company reported the same time last year. "We delivered better-than-expected revenue and EPS in the third quarter as a result of our
Fashion
Ulta Beauty raises full year guidance after strong Q3
Ulta Beauty has raised its full-year sales outlook following a better-than-expected fiscal third quarter. The beauty retailer reported a 12.9% increase in revenue year-over-year to US$2.9 billion, surpassing expectations of US$2.72 billion. The company said this is mainly due to increased comparable sales, the acquisition of Space NK and net new store contribution. Earnings per share remained even with last year’s results at US$5.14, but beat Wall Street expectations of US$4.64. “Exciting assortment newness, improved in-store and digital experiences, and bold marketing efforts are resonating with our guests and drove strong sales results, market share gains, and growth across all categories and channels, with notable strength in ecommerce,” Ulta Beauty president and CEO, Kecia Steelman, said. Following positive results, Ulta has raised its guidance for fiscal 2025. The company now expects net income of around US$12.3 billion, an upgrade from the previously forecasted US$12 to US$12.1 billion. The outlook for diluted earnings per share has also jumped from between US$23.85 and US$24.30 to between US$25.20 and US$25.50. According to Circana research, beauty sales in the U.S. have been strong this year, with p
Fashion
Gap's comparable sales rise for 7th straight quarter
Gap attributes rise in comparable sales during its third quarter to its viral “Better in Demin” campaign with girl group Katseye. Comparable sales were up 5% year-over-year and net sales reached US$3.94 billion, marking a 3% rise from last year and beating Wall Street expectations of US$3.91 billion. "Our strategy is working and our brands are gaining momentum with our three largest brands - Old Navy, Gap, and Banana Republic - each posting strong comparable sales,” Gap CEO and president Richard Dickson said. When putting aside pandemic-related spikes, this is the strongest growth in comparable sales for the business since 2017 and well ahead of Wall Street Expectations of 3.1% according to Street Account. Comparable sales for the business have increased for the past seven quarters. The only Gap brand that didn’t rise in comparable sales was its athleisure brand Athleta, which fell by 11%. However, despite rising profitability, Gap has also faced difficulty from tariffs, with its gross margin and net profit taking a hit. The company’s gross margin fell 0.3 percentage points to 42.4%, which is still higher than expectations of 41.2%. Gap’s net income declined by 14% to US$236 million, which the company’s fin