Estee Lauder Companies Stock Price, News & Analysis

RuPaul celebrated the 200th episode of RuPaul's Drag Race on February 27, 2023, honoring the iconic 1994 MAC Viva Glam look. The episode showcased RuPaul in a striking red leather corset with gold accents, reminiscent of the original MAC campaign. This milestone event highlighted 14 years and 200 episodes of the Emmy-winning series, emphasizing its impact on the entertainment industry. The tribute aligns with MAC's long-standing commitment to empowerment and inclusivity through its Viva Glam initiative.

The Estée Lauder Companies reported a 17% decline in net sales for Q2 FY2023, totaling $4.62 billion, driven by adverse COVID-related impacts and currency fluctuations. Organic net sales decreased 11%, with diluted EPS falling 63% to $1.09.

Despite challenges, the company exceeded EPS expectations. Strong performance was noted in the Fragrance category, with double-digit growth. However, the outlook for the second half has been adjusted downwards due to ongoing volatility in travel retail and inflationary pressures, forecasting a further 10-8% decline in organic sales.

The Estée Lauder Companies Inc. (NYSE: EL) announced a quarterly dividend of $.66 per share, payable on March 15, 2023, to stockholders of record by the close of business on February 28, 2023.

As a leading manufacturer in the beauty industry, Estée Lauder markets products across various segments, including skincare, makeup, and fragrance, under renowned brands like Estée Lauder, MAC, Clinique, and La Mer, available in approximately 150 countries.

The Estée Lauder Companies Inc. (NYSE: EL) is set to release its fiscal 2023 second quarter results on February 2, 2023, at 9:30 a.m. (ET). The live webcast will feature President and CEO Fabrizio Freda alongside EVP and CFO Tracey T. Travis discussing the results and future outlook. Estée Lauder, a leading global manufacturer of skincare, makeup, fragrance, and hair care products, operates in approximately 150 countries and territories, offering renowned brands including Estée Lauder, Clinique, M·A·C, and more. Investors can access the webcast at elcompanies.com/investors.

Fabrizio Freda, President and CEO of The Estée Lauder Companies (NYSE: EL), will participate in a fireside chat at Morgan Stanley’s Global Consumer & Retail Conference in New York on December 7, 2022, at 9:30 a.m. EST. Interested parties can access the live webcast during the event, which will last until 10:05 a.m. EST, via this link. The company is a leading manufacturer and marketer of skin care, makeup, fragrance, and hair care products, sold in approximately 150 countries under various renowned brands.

The Estée Lauder Companies Inc. (NYSE: EL) held its Annual Meeting of Stockholders, chaired by Executive Chairman William P. Lauder. The meeting included the re-election of board members and the ratification of PricewaterhouseCoopers LLP as independent auditors for the fiscal year. CEO Fabrizio Freda presented insights on recent financial results and the company's long-term strategies. Estée Lauder remains a leading manufacturer of skincare and beauty products, with a wide portfolio sold in approximately 150 countries.

The Estée Lauder Companies has announced its acquisition of the TOM FORD brand for $2.8 billion, with a net payment of $2.3 billion expected after a $250 million payment from Marcolin S.p.A. ELC aims to leverage this acquisition to enhance TOM FORD BEAUTY's growth potential while eliminating royalty payments. The acquisition, anticipated to close in the first half of 2023, is viewed as dilutive to adjusted diluted earnings per share for fiscal 2023 but neutral for fiscal 2024. Long-term license agreements with Ermenegildo Zegna and Marcolin will continue for fashion and eyewear, respectively.