Shiseido Q1 2023: sales lift 6.6 percent LFL as recovery continues

Shiseido Q1 2023: sales lift 6.6 percent LFL as recovery continues

THE WHAT? Shiseido has reported its results for the first quarter of fiscal 2023. The J-beauty manufacturer saw sales rise 6.6 percent LFL to ¥240 million. Operating profit rose 6.1 percent yoy and EBITDA was up 7.8 percent versus the prior-year period.

THE DETAILS Shiseido, Cle de Peau Beaute, Nars and Drunk Elephant all delivered ‘outstanding’ results, the J-beauty manufacturer said, with the latter reporting a triple-digit rise.

And while China and Travel Retail were weak spots, all other geographic divisions reported growth versus the prior-year period, with all except Japan improving on their equivalent performance pre-pandemic.  

THE WHY? Shiseido said that luxury is driving steady growth in Japan, and its Q1 performance was positively impacted by its continued strong performance in Americas and EMEA.  

WELLNESS

FASHION

TRAVEL

PROFESSIONAL BEAUTY

JOBS & PEOPLE