截至5月31日的NielsenIQ数据-美国化妆品销售额在最近两周内呈积极变化

Our View - US cosmetics & nails sales in Nielsen (incl Amazon 1P) grew +0.6% in the latest 2-wks ended 5/31 (vs -0.2%/-1.6% for 4-/12-wks), reflecting -LSD pressure on volumes against +LSD pricing. By category, lip cosmetics outperformed other categories, growing +9.5% (vs +7.7%/+5.6% for 4-/12-wks) on strong volume growth of +9.8% (vs +8.4%/+5.2% for 4-/12-wks). Face cosmetics also outpaced the broader group with +3.5% growth (vs +1.9%/-0.8% for 4-/12-wks). Elsewhere, eye cosmetics declined -0.6% (vs -1.4%/-1.9% for 4-/12-wks) as minimal volume growth of +0.3% was paired with LSD decline in pricing. Against this backdrop, ELF outpaced beauty peers, with sales up +25.3% (vs 21.5%/13.1% for 4-/12-wks). Furthermore, ELF continued to gain $ Share. Meanwhile, COTY sales continued to be pressured and were down -9.3% as face cosmetics sales for COTY were down -8.6% in the latest 2-wk period. However, its sales within fragrances were up +11.5% in L2wks (vs +10.7%/+10.1% for 4-/12wks).Bonnie He