Beauty retailer Douglas reports drop in first-quarter core profit

Feb 11 (Reuters) – German premium beauty retailer Douglas reported a 5.6% drop in its first-quarter adjusted core profit on Wednesday, citing sales volatility across channels and markets due to consumer uncertainty and heightened price sensitivity.

Quarterly adjusted earnings before interest, taxes, depreciations and amortisation fell to 333.7 million euros ($397.80 million), though they were slightly above an average estimate of 333.4 million euros from analysts polled by Vara.