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MAC Cosmetics has been a pioneer in sustainable beauty practices, launching the industry's first take-back program in 1990. The company focuses on using post-recycled materials, sustainable packaging, energy-efficient stores, and direct-to-consumer business to reduce its carbon footprint.
The Estée Lauder Companies Inc. (NYSE: EL) reported a 5% increase in net sales to $3.94 billion for the third quarter of fiscal 2024, with organic net sales growing 6%. Diluted EPS rose to $.91, and adjusted diluted EPS increased to $.97. The Company's net earnings were $330 million, and operating income rose by 79%. Positive highlights include growth in developed and emerging markets, high-single-digit growth in Skin Care, and strategic expansions. However, challenges include a decrease in net sales in some regions and a decline in Hair Care sales.
The Estée Lauder Companies Inc. (NYSE: EL) declares a quarterly dividend of $.66 per share on Class A and Class B Common Stock. The payment is scheduled for June 17, 2024, to stockholders of record as of May 31, 2024. The company is a global leader in skincare, makeup, fragrance, and hair care products, boasting a portfolio of luxury and prestige brands sold in over 150 countries.