Welcome to our dedicated page for Estee Lauder Companies news (Ticker: EL), a resource for investors and traders seeking the latest updates and insights on Estee Lauder Companies stock.
Estee Lauder Companies (EL) maintains its leadership in prestige beauty through continuous innovation across skincare, makeup, fragrance categories. This news hub provides investors and industry professionals with essential updates on corporate developments shaping the global cosmetics market.
Access real-time press releases covering earnings disclosures, product launches, sustainability initiatives, and leadership updates. Our curated collection serves as a strategic resource for understanding EL's market positioning and operational priorities.
Key coverage areas: quarterly financial results, brand portfolio expansions, retail partnerships, and R&D breakthroughs. All content undergoes rigorous verification to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to EL's official communications. Combine these updates with market analysis tools to track the company's performance in the competitive luxury beauty sector.
The Estée Lauder Companies Inc. (NYSE: EL) will hold its 2022 Annual Meeting of Stockholders virtually on November 18, 2022, at 10:00 a.m. (ET). Interested participants can access the meeting via the provided webcast link.
For additional details about the meeting, proxy statement materials, and related information, visit the company's investor relations website. Post-meeting, a replay of the webcast will be available online.
The Estée Lauder Companies reported Q1 fiscal 2023 net sales of $3.93 billion, down 11% YoY, with diluted EPS falling 28% to $1.35. Organic net sales decreased 5%, reflecting ongoing challenges from COVID restrictions in China and inflationary pressures. Despite these setbacks, adjusted EPS was $1.37, slightly above expectations. The company anticipates continued headwinds into Q2 but expects growth to resume in the second half of the fiscal year. The quarterly dividend was raised, reflecting confidence in long-term growth opportunities.
The Estée Lauder Companies Inc. (NYSE: EL) announced a 10% increase in its quarterly dividend, raising it from
The Estée Lauder Companies Inc. (NYSE: EL) will announce its fiscal 2023 first quarter results on November 2, 2022, at 9:30 a.m. (ET). A live webcast will be available for investors to discuss financial performance, future prospects, and corporate developments, hosted by CEO Fabrizio Freda and CFO Tracey T. Travis. The webcast can be accessed via the company’s investor relations site, and it will also be archived for later review. Estée Lauder is a key player in the beauty industry, offering products across various global brands.
Today, The Estée Lauder Companies (NYSE: EL) announced the promotion of Guillaume Jesel to President of Global Brands for TOM FORD BEAUTY and BALMAIN BEAUTY. Effective immediately, Guillaume will oversee the strategic direction and growth of BALMAIN BEAUTY, while continuing to lead TOM FORD BEAUTY. His experience in luxury brand management has been pivotal to TOM FORD BEAUTY's expansion. This move aims to strengthen ELC's luxury portfolio and enhance its mergers and acquisitions strategy.
The Estée Lauder Companies Inc. (NYSE: EL) has announced a licensing agreement with BALMAIN to create a new line of luxury beauty products called BALMAIN BEAUTY, set to launch in fall 2024. This partnership aims to innovate in the luxury beauty sector through exceptional design and craftsmanship. Creative Director Olivier Rousteing highlights the collaboration's goal to disrupt the luxury beauty market. The Estée Lauder Companies continues to be a leader in prestige beauty products offered in around 150 countries, focusing on creativity and sustainability.
NEW YORK--(BUSINESS WIRE)-- The Estée Lauder Companies (NYSE:EL) has appointed Justin Boxford as the new Global Brand President of Estée Lauder, effective September 1, 2022. He succeeds Stéphane de La Faverie, who has been promoted to Executive Group President. Justin will lead Estée Lauder's short- and long-term strategy, focusing on innovation and international growth. Previously, he achieved significant success as head of La Mer, enhancing its market position and product offerings.
The Estée Lauder Companies announced an organizational evolution to enhance long-term growth and align with a rapidly changing beauty market. Effective September 1, 2022, two brand clusters will be led by Jane Hertzmark Hudis and Stéphane de La Faverie, who has been promoted. This restructuring aims to improve internal talent development while optimizing brand performance. The leadership team will oversee the brand's business and innovation, driving strategies for key product categories. The changes reflect the company's commitment to leadership development and industry relevance.
Estée Lauder is set to participate in Decentraland's Metaverse Art Week from August 24-28, showcasing a unique Proof of Attendance Protocol (POAP) designed by Dr. Alex Box. This initiative reflects the brand's commitment to merging beauty, art, and technology, inspired by the legacy of its founder. Attendees can claim the POAP at select locations, granting them exclusive access to future Web3 events. Stéphane de La Faverie emphasized the importance of innovation and reaching new audiences through the metaverse, indicating a forward-thinking approach to brand engagement.
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