Vi e w p o i n t | 11 Jan 2026 23:00:04 ET │ 79 pages China Consumer 2026 Outlook: Stock Picking with Five Investment Themes CITI'S TAKE We expect investors to rebalance portfolio profiles of "value" vs "growth" within the China consumer sector in 2026E. With our low expectation of an immediate consumption boost from government policies amid a likely less inflationary environment in 2026E, our stock picking is centered on companies' sustainable level of profit growth (which is gauged by our five investment ...

Key Takeaways Fragrance was EL's top category in Q1 FY26, rising 13% organically and lifting organic sales growth to 3%.Luxury fragrance momentum was supported by strong consumer demand for premium scents across key brands.EL expanded fragrance reach with 14 new freestanding stores and opened a Paris Fragrance Atelier.The Estee Lauder Companies Inc. ((EL) has pointed to fragrance as a meaningful driver of organic sales growth. In the first quarter of fiscal 2026, fragrance was the company’s strongest-perfor ...

ClearBridge Investments, an investment management company, released its “ClearBridge Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. US equities reported a strong but volatile performance in the fourth quarter, with the S&P 500 Index returning 2.7% while the benchmark Russell Midcap Growth Index declined 3.7%. In this environment, a balanced, highly active share approach resulted in Strategy’s third consecutive quarter of outperformance, capturing early mom ...

Group 1 - Dollar General Corporation (DG) has seen a 5.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and has a dividend yield of 1.7%, compared to the industry average of 0.9% [1] - LATAM Airlines Group S.A. (LTM) has experienced a 4.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and has a dividend yield of 1.6%, compared to the industry average of 0.0% [2] - The Estée Lauder Companies Inc. (EL) has seen a 1.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Core Viewpoint - The Estée Lauder Companies Inc. is recognized as a strong investment opportunity, particularly highlighted by recent upgrades from financial analysts, indicating a positive outlook for the company's future performance [2][3]. Analyst Upgrades - Wells Fargo raised its price target for Estée Lauder from $95 to $111 while maintaining an Equal Weight rating, reflecting updated models across various sectors [2]. - Raymond James upgraded Estée Lauder to Strong Buy from Market Perform, setting a new price target of $130 and including the stock in its Analyst Current Favorites list, citing a transition from narrative to execution in the company's turnaround strategy [3]. Company Strategy - The CEO outlined a strategy focused on expanding market share and increasing sales through the development of new brands, targeting younger consumers globally, and customizing products to fit local cultural preferences [4]. - The company aims to leverage the rising global middle class as a significant growth driver through 2030, which is central to its long-term plans [4]. Market Focus - Estée Lauder is in the midst of a turnaround, aiming to rebalance growth by increasing focus on the Americas and emerging markets, while still maintaining a presence in China despite recent consumer spending pullbacks [5].

Core Insights - e.l.f. Beauty's shares dropped 39.4% in 2025, reflecting slowing growth and high earnings multiples, leading to poor stock performance [1] - The stock is down 60% from its all-time highs, indicating significant market challenges [1] Revenue Growth - e.l.f. Beauty has historically gained market share in beauty categories, but revenue growth began to stagnate in 2025 [2] - The company expects to generate $200 million in revenue from its acquisition of Rhode in the 2026 fiscal year, projecting overall growth of 18%-20%. However, organic revenue growth is anticipated to be only 3%-4% this fiscal year, a notable slowdown [3] Profitability and Margins - The gross margin for e.l.f. Beauty has decreased from 68% to 66%, suggesting the need for inventory discounts to stimulate sales, which is a negative indicator for the business [4] - Despite a 14% revenue growth last quarter, operating income fell to $7.7 million due to increased marketing expenses, highlighting declining earnings amid slowing revenue growth [6] Valuation and Debt - e.l.f. Beauty's price-to-earnings (P/E) ratio remains high at 62, even after a significant stock price drop, raising concerns about its valuation given the slowing organic revenue growth [6] - The company has incurred $600 million in debt to finance the $1 billion acquisition of Rhode, with only $100 million in free cash flow, indicating a long repayment timeline [7]

L Catterton, the LVMH Moët Hennessy Louis Vuitton-backed private equity firm, has signed a strategic cooperation framework with Mao Geping, the Chinese beauty label. According to a Mao Geping filing on the Hong Kong Stock Exchange, the partnership was formed with L Catterton’s Asia branch and will support the Chinese beauty group’s expansion overseas in high-end retail channels. More from WWD In addition, an equity investment fund will be established by both parties to focus on acquisition and strategic ...

赖世贤指出，其对林清轩的第一印象是"坚韧"和"专注"。"在当今竞争激烈、变化快速的化妆品行 业，一个品牌能够坚持二十几年如一日专注做一件事——把山茶花精华油做到极致，这在当下并不多 见。" "国货高端护肤第一股"。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，上海林清轩化妆品集团股份有限公司（以下简称"林清轩"）于2025年12月30日 正式以"2657"为股票代码在港交所主板挂牌上市，成为港股市场"国货高端护肤第一股"。 截至目前，林清轩市值超116亿港元。以此市值计算，林清轩已跻身国货上市化妆品企业TOP10。 事实上，除雅戈尔、碧桂园创投、头头是道基金、凯辉基金、启承资本等知名机构外，在林清轩IPO 中安踏集团执行董事、联席首席执行官赖世贤亦完成了对林清轩的投资。 据了解，这位亲历并推动了安踏每一次重大飞跃的企业家在本次投资决策中，主要看重了以下几个关 键点： 其一、稀缺的原生价值链： 林清轩从科研、原料种植、产品研发到终端零售，打造了一个闭环且可 溯源的产业链，这是其核心技术壁垒。 其二、极致的产品力与用户忠诚度： 林清轩产品的功效得到 ...

Group 1 - L'Oréal has successfully priced a bond offering totaling €1.750 billion, consisting of three tranches [1][2] - The proceeds from the bond will be utilized for general corporate purposes, including financing an additional 10% stake in Galderma [1] - The bonds are expected to receive ratings of AA (Stable) from S&P and Aa1 (Stable) from Moody's, and will be traded on Euronext Paris starting January 12, 2026 [2] Group 2 - The bond offering includes a €650 million 2-year floating rate bond with a coupon of Euribor 3M + 20bps p.a., a €500 million 3-year fixed rate bond with a coupon of 2.5% p.a., and a €600 million 6-year fixed rate bond with a coupon of 2.875% p.a. [6] - L'Oréal generated sales of €43.48 billion in 2024, supported by a workforce of over 90,000 employees and a diverse geographical presence [4] - The company has been recognized as the most innovative company in Europe by Fortune magazine in 2025, highlighting its commitment to innovation across various industries [5]

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Estee Lauder (EL) . This company, which is in the Zacks Cosmetics industry, shows potential for another earnings beat.When looking at the last two reports, this beauty products company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 56.25%, on average, in the last two quarters ...