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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
Fashion
Prada eyes future acquisitions after Versace takeover
Prada CEO Lorenzo Bertelli said the luxury fashion brand is considering further acquisitions after its takeover of the Italian fashion house Versace. Bertelli did not rule out potential interest in Giorgio Armani, which has been in the spotlight since the founder and namesake passed away in September. In Armani’s will, he stated that heirs must gradually sell the fashion house or seek a listing, starting with a 15% stake within 12 to 18 months of his death. Bertelli’s interest in Giorgio Armani comes as Prada prepares to finalise its US$1.4 billion acquisition of Versace, marking the largest purchase in Prada’s 112-year history. In an interview with Reuters, Bertelli said if opportunities arise, he would look at them, but said Prada’s current focus was on returning Versace to its former glory. Bertelli said the acquisition of Versace was a “strategic choice”. “The brand is much bigger than its revenue,” he said. “We like difficult missions so we are trying to bring the business back to the greatness of the brand that it once was.” Following the buy-out, Bertelli will become executive chairman of Versace. The acquisition also positions Prada to become one of Italy’s biggest luxury firms and counter a tren
Fashion
Skims reaches US$5bn valuation following funding
Kim Kardashian’s Skims has reached a valuation of US$5 billion (A$7.61 billion) after raising $225 million in new capital. The latest fundraising has made Skims larger than both of its largest competitors, Victoria’s Secret and Under Armour, combined, which are valued at US$2.86 billion and $1.98 billion, respectively. It also comes as the company, which was founded in 2019, said it expects to exceed $1 billion in net sales. “This milestone reflects continued confidence in our long-term vision and coupled with disciplined execution, positions Skims to unlock its next phase of growth,” co-founder and CEO Jens Grede said in a statement. Skims said it plans to use the new capital to accelerate brick and mortar and international expansion alongside product innovation and category diversification. Currently, the company has 18 stores across the U.S. with plans to expand internationally in 2026. The latest fundraising round was led by investment giant Goldman Sachs Alternatives with participation from BDT & MSD. This follows Coty taking a 20% stake in Skims earlier this year, bringing it under the same umbrella as her beauty brand SKKN by Kim. Skims also partnered with Nike to launch women’s activewear in Septemb