From a geographic standpoint, organic net sales rose 32% in EMEA, primarily driven by the increase in our Asia travel retail business, given the favorable comparison to the prior year period as shipments increased over last year's extremely low level.

Aug 19, 2024 / CFO / receipt, needs a key / Tracy Travis, CFO | earnings call 2024-08-19 | transcript c77e3511-6d14-4415-9f3d-3025c18a4315 | chars 18084-18335 | segment 18

During the quarter, we recorded $471 million of impairment charges related to Dr. Jart given the continued lower than expected growth and profitability of the brand. We made the decision to exit the brand from its heavily discounted travel retail channel and prioritize direct investments in other more profitable areas of the business. including in mainland China and western markets where a broader assortment of the brand has been resonating well with consumers.

Aug 19, 2024 / CFO / receipt, needs a key / Tracy Travis, CFO | earnings call 2024-08-19 | transcript c77e3511-6d14-4415-9f3d-3025c18a4315 | chars 20914-21379 | segment 20

Selling, advertising, and promotional activities and innovation collectively accounted for 160 basis points of the increase compared to last year as we supported retail growth while also continuing to destock certain accounts in Asia travel retail.

Feb 5, 2024 / CFO / receipt, needs a key / Tracy Travis, CFO | earnings call 2024-02-05 | transcript 75f8c2fe-fd53-43a6-a335-45fda475d907 | chars 16947-17195 | segment 17

We expect organic net sales for our third quarter to increase 3% to 5% as both our businesses in Asia travel retail and in mainland China are expected to return to growth.

Feb 5, 2024 / CFO / receipt, needs a key / Tracy Travis, CFO | earnings call 2024-02-05 | transcript 75f8c2fe-fd53-43a6-a335-45fda475d907 | chars 19986-20157 | segment 20

The pressures in Asia travel retail and in mainland China drove the decrease in skin care.

Nov 1, 2023 / CFO / receipt, needs a key / Tracy Travis, CFO | earnings call 2023-11-01 | transcript c300ad00-55d7-4045-9779-fcbc5725279b | chars 16992-17082 | segment 17

Our global travel retail sales continue to be pressured by our Asia travel retail business, which Fabrizio described. Outside of Asia, we experienced double-digit sales growth in travel retail as international travel increased throughout Europe and the Americas.

May 3, 2023 / CFO / receipt, needs a key / Tracy Travis, CFO | earnings call 2023-05-03 | transcript db4288f9-f619-4767-953b-72d3b3a5da47 | chars 15814-16076 | segment 16

Our second quarter organic net sales declined 11% and earnings per share decreased 49% to $1.54. Tighter expense management and a slightly improved currency impact contributed to our better than expected EPS results.

Feb 2, 2023 / CFO / receipt, needs a key / Tracy Travis, CFO | earnings call 2023-02-02 | transcript 48e43c3f-63d8-481a-b306-c829777eed77 | chars 15181-15397 | segment 15

And although we expect the adjustment to inventory by certain of our retailers corresponding with potentially lower traffic, To continue into the second quarter, particularly in Hainan, we believe this adjustment will subside in the second half as COVID restrictions ease and consumers begin to travel with less safety restrictions in China.

Nov 2, 2022 / CFO / receipt, needs a key / Tracy Travis, CFO | earnings call 2022-11-02 | transcript 8f253cf1-0a89-4faa-832e-9bafa2802daf | chars 18343-18684 | segment 18

So one way we expand distribution is introducing products into a new market. As Fabrizio was indicating, you know, other emerging markets, we introduced the ordinary into India via NICA. So that's one way that we expand distribution, particularly in a market where consumers had not had that opportunity to purchase that product before unless they traveled.

Aug 18, 2022 / CFO / receipt, needs a key / Tracy Travis, CFO | earnings call 2022-08-18 | transcript bb954408-fac1-4288-98d3-5cb65590e9c3 | chars 58968-59325 | segment 61

Our global travel retail business grew double-digit as China and Korea continued to be strong. Internal travel restrictions during the quarter in China slowed Hainan sales temporarily, but restrictions lifted in early September, and traffic rebounded. Retailers also responded to the August dip by driving post-travel consumption online. Summer holiday travel in Europe and the Americas picked up, but international travel still reached only 40% of pre-COVID levels.

Nov 2, 2021 / CFO / receipt, needs a key / Tracy Travis, CFO | earnings call 2021-11-02 | transcript 234d5945-f369-499c-848e-8e448dfa819f | chars 16384-16850 | segment 16