These 5 companies and product categories could see a hit from the coronavirus outbreak
Here's a look at five companies and product categories that could take a big hit from the coronavirus outbreak, according to analysts. None of the companies named by analysts returned Business Insider's requests for comment. A UBS note from February 3 said that the coronavirus could pose a problem for the entire beauty business, given that it is one of the "largest dollar categories in travel retail" and therefore dependent on Chinese consumers.
The UBS analysts wrote that Estée Lauder in particular has "outsized exposure" to disruptions to travel retail, and that China contributes to half of the company's Asia-Pacific revenues.Moody's analysts predicted in a January 30 note that the coronavirus outbreak "will temporarily slow down Apple's strong earnings momentum" by slowing down the brand's growth within China.
That being said, it's not all bad news. The note also reported that Apple has signaled its ability to "use alternate suppliers" "Apple has robust credit profile and is well positioned to manage through short term disruptions in China," Moody's analysts also wrote.Luxury fashion brand Burberry — along with the rest of the high-end apparel business — sees it business in China particularly at risk as the coronavirus continues to spread.
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