Core Points - Kimberly-Clark announced the recipients of its Bright Futures college scholarships, awarding 30 high school seniors from North America [1][2] - The Bright Futures program, now in its 33rd year, provides scholarships worth up to $20,000, or $5,000 per school year, for full-time students attending accredited colleges and universities [2] - Since its inception, the program has awarded nearly $50 million in scholarships to over 2,400 students [2] Company Commitment - The Bright Futures scholarship program reflects Kimberly-Clark's commitment to developing future leaders, supporting students who have shown exceptional dedication to their studies and communities [3] - The average GPA of this year's scholarship recipients is 3.98, with awardees attending prestigious institutions such as MIT and the University of Wisconsin [3] - Past recipients have pursued successful careers in various fields, including medicine, education, and engineering [3] Foundation Overview - The Kimberly-Clark Foundation, established in 1952, focuses on social impact investments that support essential care for women and girls [5] - The foundation aims to create lasting social change through its charitable initiatives [5] Company Profile - Kimberly-Clark operates in over 175 countries, providing essential products under trusted brands like Huggies and Kleenex [6] - The company emphasizes sustainable practices and has been recognized as one of the World's Most Ethical Companies for seven consecutive years [6] - Kimberly-Clark was also listed among Fortune's Most Innovative Companies in America in 2024 [6]

May 21, 2025 02:45 AM GMT Shiseido (4911) | Japan Japan Summit 2025: Fireside Chat with CFO Ayako Hirofuji M Update Morgan Stanley MUFG Securities Co., Ltd.+ Wakako Sato Equity Analyst Wakako.Sato@morganstanleymufg.com +81 3 6836-8933 Seki Li Research Associate Seki.Li@morganstanleymufg.com +81 3 6836-8934 Shiseido (4911.T, 4911 JT) Cosmetics & Personal Care Products | Japan | Stock Rating | Underweight | | --- | --- | | Industry View | In-Line | | Price target | ¥2,600 | | Shr price, close (May 19, 2025) | ...

Core Viewpoint - Coty Inc. (COTY) is currently undervalued, trading at a forward P/E ratio of 10.57, significantly below its historical median of 13.30 and the industry average of 23.01, indicating potential for long-term growth and investment opportunity [1]. Financial Performance - Coty's shares have declined by 11.9% over the past three months, underperforming the industry and S&P 500, which saw declines of 8.6% and 0.9% respectively, suggesting challenges in the current market environment [4]. - The company achieved approximately $40 million in cost savings in the third quarter of fiscal 2025, with a target of $120 million in total productivity savings for the full fiscal year [7]. Growth Strategy - Coty is focusing on six strategic pillars for sustainable growth, including stabilizing Consumer Beauty brands, accelerating luxury fragrances, expanding into skincare, enhancing e-commerce capabilities, growing in China, and leading in sustainability [5]. - E-commerce now accounts for about 20% of Coty's total sales, with plans to launch a new brand on Amazon in fiscal 2026 and engage with emerging platforms like TikTok Shop [6]. Challenges - The U.S. operations have been a significant headwind, contributing to a decline in like-for-like sales in the third quarter of fiscal 2025, prompting leadership changes and organizational restructuring [10]. - The Prestige division faced multiple challenges, including a slowdown in the prestige fragrance market, lack of major product launches, and elevated inventory levels at retailers [11]. - Increased advertising and consumer promotions spending has remained high, potentially impacting margins and profitability if not managed effectively [12].

Core Insights - Ulta Beauty's stock has increased by 12.9% over the past month, while the industry and S&P 500 have grown by 16.1% and 15.4% respectively, prompting investors to consider whether to hold or take profits [1] Company Strategy and Performance - Ulta Beauty has transformed the beauty industry by combining mass, prestige, and luxury brands in an accessible shopping environment, which has driven significant profitable growth [3] - The company maintains a balanced approach between online and physical stores, with e-commerce sales growing mid-single digits in Q4 of fiscal 2024, reflecting a shift towards digital beauty shopping [4] - The skincare category has seen mid-single-digit comparable sales growth in Q4 of fiscal 2024, driven by strong demand for body care and new brands like Sol de Janeiro, Naturium, and TATCHA [5] Challenges and Concerns - The fourth-quarter results revealed a mid-single-digit decline in comparable sales for the makeup category, primarily due to softness in mass makeup, which is critical for driving traffic and sales [6] - Rising operating expenses are a concern, with SG&A expenses increasing to 23.4% of net sales in Q4 of fiscal 2024, up from 23.1% the previous year, and expected to rise approximately 10% in fiscal 2025 due to strategic investments and higher payroll costs [7][8] Valuation - Ulta Beauty is trading at a forward 12-month price-to-earnings multiple of 17.38X, which is above the industry average of 16.81X, indicating potential overvaluation relative to its fundamentals [9] Investment Outlook - The recent stock rally reflects investor optimism driven by strong skincare performance, a resilient omnichannel strategy, and ongoing innovation, but challenges in the makeup category and rising expenses suggest the stock may be pricing in near-term perfection [12]

Leadership Changes - Bath & Body Works has appointed Daniel Heaf as its new CEO, replacing Gina Boswell, marking the second CEO change in less than three years [1][2] - Heaf previously served as Nike's chief transformation and strategy officer and has extensive experience in retail management [4] Performance Overview - Bath & Body Works preannounced first-quarter results, reporting a 3% year-over-year revenue growth to $1.42 billion [5] - Earnings per share increased to 49 cents, surpassing the previous year's 38 cents and exceeding company guidance [5] Strategic Focus - The company aims to accelerate growth by targeting tweens and expanding its appeal to male customers, as well as increasing its international presence [4] - Bath & Body Works is well-positioned in the current trading environment due to its North American supply chain, which mitigates exposure to tariffs [3]

2025.05. 19 本文字数：1177，阅读时长大约2分钟 5月18日晚，黄子韬卫生巾品牌上线发售，售价49.8元起。数据显示，该品牌卫生巾开售15分钟卖 出19.5万。截至发稿，仅其抖音官方旗舰店销量就高达近126万单。目前，没有现货，支持预约。 5月19日，黄子韬晒照发文回应称："感恩所有的支持和信任，我们一定不会辜负大家。" 5月18日14点，黄子韬卫生巾发布会首销直播开启，线下地点在浙江东阳，发布会主题名称为"启赋 未来"。 发布会上，黄子韬宣布朵薇品牌卫生巾将于当晚7点正式上线。另外还现场公布了卫生巾售卖机制与 价格：迷你巾、日用装、夜用装、安心裤共62片，组合售价49.8元。全国包邮特供售价49.8元，62 片，共10包；西藏新疆地区售价99.8元，124片，共20包。 黄子韬表示："这是我人生非常重要的转折点。希望以后当大家提到这个品牌的时候，大家想到的是 企业家黄子韬，而不是明星黄子韬 。" 吴跃名下关联7家企业，涉及卫生用品、妇幼保健品、投资等领域，其中5家为开业状态，包括杭州 千芝雅卫生用品有限公司、杭州成宏卫生用品有限公司、杭州跃升股权投资有限公司等。在上述为开 业状态的企业中，吴跃 ...

First Quarter 2025 Investor Presentation Yatsen Holding Limited Disclaimer This presentation has been prepared by Yatsen Holding Limited (the "Company") solely for information purpose. By viewing or accessing the information contained in this material, you hereby acknowledge and agree that no representations, warranties or undertakings, express or implied, are made by the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives as to, and no reliance should b ...

Core Viewpoint - Yatsen Holding Limited reported a 7.8% year-over-year increase in total net revenues for Q1 2025, driven by significant growth in skincare brands despite a challenging beauty market [3][4][6]. Financial Performance - Total net revenues for Q1 2025 reached RMB 833.5 million (US$ 114.9 million), up from RMB 773.4 million in the same period last year [4][6]. - Skincare brands contributed RMB 362.4 million (US$ 49.9 million) in net revenues, marking a 47.7% increase year-over-year [6]. - Gross profit increased by 9.7% to RMB 659.1 million (US$ 90.8 million), with gross margin rising to 79.1% from 77.7% [4][6]. Operating Expenses - Total operating expenses decreased by 8.6% to RMB 693.2 million (US$ 95.5 million) compared to the prior year [5][7]. - Selling and marketing expenses were RMB 553.8 million (US$ 76.3 million), with a decrease in percentage of total net revenues to 66.4% from 69.7% [7]. - General and administrative expenses dropped to RMB 64.9 million (US$ 8.9 million), representing 7.8% of total net revenues, down from 18.1% [7][8]. Loss and Income Metrics - The company recorded a net loss of RMB 5.6 million (US$ 0.8 million), significantly reduced from RMB 124.9 million a year ago [6][11]. - Non-GAAP net income for Q1 2025 was RMB 7.1 million (US$ 1.0 million), compared to a non-GAAP net loss of RMB 83.8 million in the previous year [12][36]. Cash Flow and Balance Sheet - As of March 31, 2025, Yatsen had cash and short-term investments totaling RMB 1.28 billion (US$ 176.4 million) [13]. - Net cash generated from operating activities was RMB 23.8 million (US$ 3.3 million), a turnaround from net cash used in operating activities of RMB 121.8 million in the prior year [13]. Business Outlook - For Q2 2025, Yatsen expects total net revenues to be between RMB 810.4 million and RMB 889.9 million, indicating a year-over-year increase of approximately 2% to 12% [14]. Share Repurchase Program - The company has initiated a new share repurchase program allowing for the repurchase of up to US$ 30.0 million worth of ordinary shares over the next 24 months [15][16].

Company Announcement - Bath & Body Works, Inc. plans to report its first quarter 2025 financial results before market open on May 29, 2025 [1] - A conference call will be hosted at 8:30 a.m. EDT to discuss the results and provide a business update [1] Conference Call Details - Investors and analysts can participate by dialing 877-407-9219 (domestic) or 412-652-1274 (international) [2] - A telephone replay will be available by dialing 877-660-6853 (domestic) or 201-612-7415 (international) with access code 13753334 [2] Webcast Information - The audio webcast can be accessed on the events and presentations page of the company's website, with a replay available approximately three hours after the live call [3] Company Overview - Bath & Body Works is a global leader in personal care and home fragrance, offering a variety of products including fine fragrance mist, body lotion, and 3-wick candles [4] - The company operates 1,895 locations in the U.S. and Canada, along with 529 international franchised locations and an online storefront [4]

A股三大指数早盘集体下跌，截至午盘，沪指跌0.42%，深成指跌1.12%，创业板指跌1.35%，北证50指 数涨0.55%。全市场半日成交额7656亿元，较上日放量300亿元。全市场超3600只个股下跌。板块题材 上，美容护理、宠物经济、港口航运、化学纤维板块领涨；华为昇腾、云计算、跨境支付板块跌幅居 前。盘面上，港口航运板块早盘再度上涨，南京港（002040）、连云港、宁波海运（600798）、宁波远 洋（601022）3连板。美容护理板块盘中走高，洁雅股份（301108）20cm涨停。华为昇腾、云计算概念 股早盘震荡走低，宏景科技（301396）跌近10%。 ...