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Lindsay Drucker Mann - 5 Drucker Mann - 2 Oran Holtzman - 2 Holtzman - 2 Shiran Holtzman - 2 Goldman Sachs - 2 Dave Kimbell - 1 Estée Lauder - 1
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7 mentions found


☆ Oddity Tech says it's bucking the beauty slowdown Ulta warned about
  + stars: | 2024-05-07 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +3 min
As Ulta Beauty says it expects a slowdown in retail's most resilient category, an upstart says it is bucking the trend. Excluding one-time items, Oddity reported earnings of 61 cents per share. Analysts had expected revenue of $186.5 million and earnings per share of 56 cents, according to LSEG. Oddity believes beauty and wellness products are best sold online, and that consumers will not need to visit beauty shops such as Ulta and Sephora if product selection can be improved. Last month, Ulta Beauty CEO Dave Kimbell warned that demand for beauty products was cooling, sending its stock down 15% that day and hitting shares of e.l.f.
Persons: Dave Kimbell, Estée Lauder, Coty, Kimbell, JPMorgan Chase, Lindsay Drucker Mann, Drucker Mann Organizations: LSEG, Nasdaq, JPMorgan, CNBC
☆ Figuring out how to leverage data science and AI has been a huge unlock for us, says Oddity Tech CFO
  + stars: | 2024-03-05 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Figuring out how to leverage data science and AI has been a huge unlock for us, says Oddity Tech CFOLindsay Drucker Mann, Oddity Tech Global CFO, joins 'Mad Money' host Jim Cramer to talk AI integration, quarterly results, and more.
Persons: Lindsay Drucker Mann, Jim Cramer Organizations: Tech
☆ Oddity Tech expects revenue growth up to 31%, according to preliminary third-quarter results
  + stars: | 2023-10-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +1 min
Oddity Tech released preliminary third-quarter results on Monday that show expected revenue growth of 29% to 31%, driven by repeat sales at its Il Makiage and Spoiled Child brands. The newly public retailer, which started trading on the Nasdaq in July and uses artificial intelligence to develop products, had previously expected sales to grow by about 20.5% in the three months ended Sept. 30. So far this year, sales have jumped by about 58% with adjusted EBITDA of at least $89 million, Oddity said. They're responsible for the high satisfaction, which leads to our great repeat rates, it drives our strong profitability and our high growth. Without these models, we would never be able to print these results, we would just be another unprofitable [direct-to-consumer] company."
Persons: Lindsay Drucker Mann, Drucker Mann, They're Organizations: Tech, Nasdaq, CNBC Locations: Tel Aviv
☆ Oddity will start trading after pricing IPO above range — here's what the beauty and tech company does
  + stars: | 2023-07-19 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +4 min
In the three months ended March 31, the company saw $165.7 million in revenue, up from $90.4 million in the year-ago period. It reported net income of $19.6 million, or 35 cents a share, compared with about $3 million, or 5 cents a share, a year earlier. In fiscal 2022, Oddity brought in $324.5 million in sales and saw net income of $21.7 million, or 39 cents a share. In the year prior, the retailer saw $222.6 million in revenue and net income of $13.9 million, or 26 cents a share. In 2020, it saw $110.6 million in sales and net income of $11.7 million, or 22 cents a share.
Persons: Oran Holtzman, Holtzman, Shiran Holtzman, Lindsay Drucker Mann, Goldman Sachs Organizations: Tech, Nasdaq, CNBC, Goldman, Israeli Defense Forces Locations: U.S
☆ Beauty and tech company Oddity, which runs Il Makiage, files to go public
  + stars: | 2023-06-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +5 min
Beauty and tech company Oddity, which runs the Il Makiage and Spoiled Child brands, filed to go public Friday as the once-frozen IPO market warms up. In the three months that ended March 31, the company saw $165.65 million in revenue, up from $90.41 million in the year-ago period. In fiscal 2022, Oddity brought in $324.52 million in sales and saw a net income of $21.73 million, or $5.94 a share. In 2020, it saw $110.64 million in sales and a net income of $11.71 million, or $3.45 a share. E.L.F., a multibrand beauty company, saw $144.94 million in sales in fiscal 2014 and a net loss of $2.88 million.
Persons: didn't, Oran Holtzman, Shiran Holtzman, Lindsay Drucker Mann, Goldman Sachs, Child's, Holtzman Organizations: Nasdaq, Goldman, CNBC, Israeli Defense Forces, Technologists Locations: Israel, U.S, Canada, Europe, Australia
☆ This startup found success using A.I. to build beauty products. But can it keep making money?
  + stars: | 2023-03-01 | by ( Gabrielle Fonrouge | ) www.cnbc.com   time to read: +7 min
Oddity Il Makiage Coutesy: OddityOddity — the direct-to-consumer beauty and wellness platform known for its ubiquitous Il Makiage social media ads — is making money and growing in an environment that's increasingly risky for purely digital retailers. Since its U.S. launch in 2018, Oddity has achieved profitability, the company said, making $380 million in gross sales in 2022. In Spoiled Child's first year on the market, the new brand brought in $48 million in gross sales. Oddity builds out new products and brands by using its tech to figure out what customers are looking for. Oddity is in the process of integrating the tech into its Il Makiage powermatch quiz to improve accuracy.
☆ Condé Nast's CMO is exiting after 2 years of leading the company's marketing and consumer revenue business
  + stars: | 2022-12-09 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +4 min
Condé Nast CEO has lost its CMO, Deirdre Findlay, who spent two years in the role under CEO Roger Lynch. Condé Nast is looking to remake itself with new lines of business from events to membership businesses. Before joining Condé Nast in early 2019, Lynch was CEO of Pandora where Eisen had also been a corporate advisor. Condé Nast titles include Vogue, New Yorker, and Condé Nast Traveler. Hi All,As I shared in the CMO All Hands today, I have made the difficult decision to leave Condé Nast.
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