A few days ago, 24 consumer goods companies such as Procter & Gamble, L'Oreal, Unilever, Kimberly-Clark, Kao, and Henkel announced their financial reports for the first quarter of 2024.
United States
Procter & Gamble announced results for the third quarter of the fiscal year ended March 31, 2024. Quarterly net sales were $20.195 billion, compared to $20.068 billion in the same period last year, an increase of 1% year-on-year. Net income attributable to the Company for the quarter was $3,754 million, compared to $3,397 million in the year-ago quarter.
Kimberly-Clark announces first-quarter 2024 results. Net sales for the quarter were $5,149 million, compared to $5,195 million in the year-ago quarter. Net income attributable to the Company for the quarter was $647 million, compared to $566 million in the year-ago quarter.
Colgate-Palmolive reports results for the first quarter of 2024. Net sales for the quarter were $5.065 billion, compared to $4.77 billion in the year-ago quarter. Net income attributable to the Company for the quarter was $683 million, compared to $372 million in the year-ago quarter.
The Estee Lauder Companies Inc. Announced results for the fiscal third quarter ended March 31, 2024. Net sales for the quarter were $3.94 billion, compared to $3.751 billion in the year-ago quarter. Net income attributable to the Company for the quarter was $330 million, compared to $156 million in the year-ago quarter.
Kenvue Inc. Announced results for the first quarter of 2024. Net sales for the quarter were $3,894 million, compared to $3,852 million in the year-ago quarter. Net income for the quarter was $296 million, compared to $469 million in the year-ago quarter.
The Clorox Company, a consumer goods company, announced results for its fiscal third quarter ended March 31, 2024. Net sales for the quarter were $1,814 million, compared to $1,915 million in the year-ago quarter. Net loss attributable to the Company for the quarter was $51 million, compared to a net loss of $211 million in the year-ago quarter.
Consumer goods company Newell Brands announced its first-quarter 2024 results. Net sales for the quarter were $1,653 million, compared to $1,805 million in the year-ago quarter. Net loss for the quarter was $9 million, compared to a net loss of $102 million in the year-ago quarter.
COTY INC. Announced results for the fiscal third quarter ended March 31, 2024. Net revenue for the quarter was $1,386 million, compared to $1,289 million in the year-ago quarter. Net income attributable to the Company for the quarter was $3.8 million, compared to $108 million in the year-ago quarter.
Europe
L'Oreal announces its results for the first quarter of 2024. Group sales totaled 11.245 billion euros (approximately $12.2 billion) in the quarter, compared to 10.38 billion euros in the prior-year quarter. Among them, sales of professional products were 1.243 billion euros, sales of consumer products were 4.173 billion euros, sales of L'Oréal luxury products were 3.8139 billion euros, and sales of beauty products were 2.016 billion euros.
Unilever announced its first quarter 2024 results. Group turnover for the quarter amounted to 14,963 million euros, compared to 14,750 million euros in the prior-year quarter. Among the five major businesses, the turnover of the beauty and health business was 3.187 billion euros (about 3.444 billion US dollars), the turnover of the personal care business was 3.409 billion euros (about 3.684 billion US dollars), the turnover of the home care business was 3.192 billion euros (about 3.449 billion US dollars), the turnover of the nutrition business was 3.388 billion euros, and the turnover of the ice cream business was 1.788 billion euros.
Reckitt Benckiser announces results for the first quarter of 2024. Group net revenue for the quarter was £3,737 million, down 4.6% year-on-year. Among them, the revenue of the hygiene products business was 1.608 billion pounds (about 2.02 billion US dollars), the revenue of the health care business such as Dettol and Durex was 1.538 billion pounds (about 1.93 billion US dollars), and the revenue of the nutrition business such as infant formula was 591 million pounds.
Haleon announces results for the first quarter of 2024. Quarterly revenue was 2.919 billion pounds (about 3.67 billion US dollars), compared to 2.986 billion pounds in the same period last year. Quarterly operating profit was £655 million, compared to £627 million in the year-ago quarter. Net profit attributable to Group shareholders for the quarter was £423 million, compared to £389 million in the same period last year.
Henkel AG announces results for the first quarter of 2024. Group sales amounted to 5,317 million euros in the quarter, compared to 5,609 million euros in the prior-year quarter. Sales in Adhesive Technologies were 2,677 million euros in the quarter, compared to 2,791 million euros in the prior-year quarter, a year-on-year decrease of 4.1 percent. Consumer brand sales were 2.605 billion euros (about 2.815 billion US dollars), compared with 2.772 billion euros in the same period of the previous year, a year-on-year decrease of 6%.
Beiersdorf AG announces results for the first quarter of 2024. Group sales totaled 2,604 million euros in the quarter, compared to 2,481 million euros in the prior-year quarter. Among them, the consumer business generated sales of 2.207 billion euros (about 2.385 billion US dollars), compared to 2.057 billion euros in the same period of the previous year. tesa generated sales of 397 million euros, compared to 424 million euros in the previous year.
Asia
Kao Corporation announced its results for the first quarter of 2024. Net sales for the quarter were 365.8 billion yen (about 2.34 billion U.S. dollars), compared to 347.8 billion yen in the same period last year. Operating profit for the quarter was 24.8 billion yen, compared to 8.439 billion yen in the same period last year. Net income attributable to owners of the parent company for the quarter was 16.5 billion yen, compared to 4.817 billion yen in the same period last year.
Shiseido Group (Shiseido) announced its results for the first quarter of 2024. Net sales for the quarter were 249.5 billion yen (about 1.594 billion U.S. dollars), compared to 240 billion yen in the same period last year. The quarterly operating loss was 8,745 million yen, compared to an operating profit of 10.5 billion yen in the same period last year. Net loss attributable to owners of the parent company for the quarter was 3,286 million yen, compared to net profit of 8,680 million yen in the same period last year.
Unicharm announces results for the first quarter of 2024. Net sales for the quarter were 236.3 billion yen (about 1.51 billion U.S. dollars), compared to 220.8 billion yen in the same period last year. Operating profit for the quarter was 37.5 billion yen, compared to 28.4 billion yen in the same period last year. Net income attributable to owners of the parent company for the quarter was 17.8 billion yen, compared to 16.5 billion yen in the same period last year.
LG Household & Healthcare (LG H&H) announced its results for the first quarter of 2024. Quarterly sales were 1,729 billion won, compared to 1,684 billion won in the same period last year. Quarterly operating profit was 151 billion won, compared to 146 billion won in the same period last year. Net profit for the quarter was 113 billion won, compared to 96 billion won in the same period last year. Among them, the sales of the beauty business were 741 billion won (about 542 million US dollars), compared with 702 billion won in the same period of the previous year; Home care and daily beauty business sales were 553 billion won (about 405 million U.S. dollars), compared with 563 billion won in the same period last year; Beverage sales were 434 billion won, compared to 419 billion won in the same period last year.
South Korea's Amorepacific Group announced its first-quarter 2024 results. Group revenue for the quarter was 1,006.8 billion won ($737 million), compared to 1,009.1 billion won in the same period last year. Quarterly operating profit was 83 billion won, compared to 81.6 billion won in the same period last year. Net profit for the quarter was 97.8 billion won, compared to 115.6 billion won in the same period last year.
Proya discloses its first quarter report for 2024. In the first quarter, the operating income was 2.182 billion yuan (about 302 million US dollars), a year-on-year increase of 34.56%; net profit was 303 million yuan, a year-on-year increase of 45.58%.
The first quarter report of 2024 released by Shanghai Jahwa. The company achieved operating income of 1.905 billion yuan (about 263 million US dollars), a year-on-year decrease of 3.76%; the net profit attributable to the parent company was 256 million yuan, an increase of 11.18% year-on-year; deducted non-net profit of 293 million yuan, an increase of 29.17% year-on-year.
direct selling
Brazilian direct selling giant Natura & Co announced its results for the first quarter of 2024. Net revenue for the quarter was BRL 6,105 million (approximately USD 1.19 billion), compared to R$6,472 million in the same period last year. Among them, the Group's Latin America business net revenue was R$4.705 billion, and Avon's international business revenue was R$1.397 billion. EBITDA profit for the quarter was R$547 million, compared to R$602 million in the prior-year quarter. Net loss attributable to shareholders for the quarter was R$935 million, compared to a net loss of R$652 million in the same period last year.
HERBALIFE, AN AMERICAN NUTRITION COMPANY, ANNOUNCED ITS FIRST-QUARTER 2024 RESULTS. Global net sales for the quarter were $1,264 million, compared to $1,252 million in the year-ago quarter. Net income for the quarter was $24.3 million, compared to $29.3 million in the year-ago quarter.
Nu Skin Enterprises, Inc. Announced results for the first quarter of 2024. Quarterly revenue was $417 million, compared to $481 million in the year-ago quarter. Net loss for the quarter was $533,000, compared to a net profit of $11.38 million in the year-ago quarter.
(Source: Global Business News)