NEW YORK, NY -- (Marketwire) -- 04/04/12 -- Companies in the Beauty Industry have been on an impressive run as of late. With the U.S. economy showing continued signs of growth, beauty sales in the U.S. have shown remarkable growth compared to previous years. Five Star Equities examines the outlook for companies in the Beauty Products Industry and provides equity research on Avon Products, Inc. (NYSE: AVP) and The Estée Lauder Companies Inc. (NYSE: EL).
According to a research report by The NPD Group, Inc. prestige beauty sales in the U.S. grew from $8.6 billion in 2010, to 9.5 million in 2011. Categories across the board; beauty, fragrance, skincare, and makeup all surpassed pre-recession levels. "In the 15 years that NPD has been tracking the prestige beauty industry, we have never seen growth like this -- especially across all categories, "said Karen Grant, vice president and senior global industry analyst, The NPD Group.
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Avon Products Inc. rejected a $10 billion bid from Coty Inc. Monday. Coty and Avon began talks of a potential merger a few months ago with Avon buying Coty in exchange for shares in the company. When no offer came Coty made an offer, Coty Chairman Bart Becht said in a recent interview.
The Estée Lauder Companies Inc. reported a strong financial performance for its second quarter ended December 31, 2011, which was slightly ahead of the top of its previously stated guidance. For the quarter, the Company had net sales of $2.74 billion, a 10% increase compared with $2.49 billion reported in the prior-year quarter. Excluding the impact of foreign currency translation, net sales also increased 10%.
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