Estee Lauder Companies Stock Price, News & Analysis

The Estée Lauder Companies Inc. (NYSE:EL) announced the election of Arturo Nuñez to its Board of Directors, effective April 25, 2022. Mr. Nuñez, currently the Chief Marketing Officer of Nubank, brings significant consumer marketing experience from roles at Apple, NIKE, and the NBA. His expertise is expected to enhance the board’s strategic direction, particularly in areas of innovative technology and consumer branding. The board now comprises 16 members, with Mr. Nuñez serving a term that will expire in November 2024.

The Estée Lauder Companies announced key leadership changes for its Travel Retail division, effective May 1, 2022. Israel Assa will become Global President, Travel Retail Worldwide, succeeding retiring Olivier Bottrie. Javier Simon takes over as President, Commercial, Travel Retail Worldwide. Assa has been pivotal in the division's growth, which increased from 6% to 28% of ELC's net sales since 2004. These appointments reflect ELC's commitment to developing internal talent and strengthening its market position in Travel Retail.

The Estée Lauder Companies (NYSE:EL) has launched its impactful three-year, $3M literacy initiative called WRITING CHANGE. Inspired by Amanda Gorman, the initiative aims to address global illiteracy, which affects over 773 million people. In its first year, WRITING CHANGE will support five U.S.-based organizations focused on access, advocacy, and artistic expression in literacy. Key recipients include the American Library Association and We Need Diverse Books. The program will track annual progress to ensure positive community impact, prioritizing diverse populations and underserved areas.

The Estée Lauder Companies reported a 14% increase in net sales to $5.54 billion for Q2 2022, compared to $4.85 billion a year earlier. Diluted EPS rose 25% to $2.97, with organic sales up 11%. This growth resulted from a recovery in brick-and-mortar retail, strong online sales, and successful holiday offerings. The company is raising its fiscal 2022 outlook, emphasizing a robust multi-channel strategy despite ongoing supply chain disruptions and pandemic-related challenges.

The Estée Lauder Companies Inc. (NYSE: EL) announced a quarterly dividend of $.60 per share on its Class A and Class B Common Stock. This dividend will be distributed on March 15, 2022, to stockholders recorded by the close of business on February 28, 2022. Estee Lauder is a prominent name in the beauty industry, marketing a wide range of skincare, makeup, fragrance, and hair care products globally, under various renowned brands.

The Estée Lauder Companies Inc. (NYSE: EL) will release its fiscal 2022 second quarter results on February 3, 2022, at 9:30 a.m. (ET). A live webcast will discuss the results, future prospects, and corporate developments, hosted by President and CEO Fabrizio Freda and EVP and CFO Tracey T. Travis. The webcast can be accessed on the company's investor relations website, where it will also be archived.

The Estée Lauder Companies (NYSE:EL) announced significant leadership changes in the Asia/Pacific region, effective February 1, 2022. Joy Fan has been promoted to President and CEO of China, reporting to Peter Jueptner, who becomes President, International. Matthew Growdon, currently General Manager of Japan, is appointed Senior Vice President and General Manager of Asia/Pacific. The company aims to enhance local decision-making and accelerate growth, particularly in China, emphasizing its commitment to the region.

The Estée Lauder Companies (NYSE:EL) has announced Mark Loomis as the new President of North America, effective February 1, 2022. Loomis, who currently serves as President of Asia/Pacific, brings 25 years of experience at ELC, emphasizing strategic growth in the fast-evolving beauty market. In his role, he will lead the North America Leadership Team, focusing on maximizing sales and market share while enhancing the company's digital-first strategy. The announcement about his Asia/Pacific successor will follow.

The Estée Lauder Companies (NYSE:EL) announced the retirement of Group President Chris Good, effective June 30, 2022, after nearly 25 years with the company. His leadership in North America has been pivotal, overseeing significant retail transformations, enhancing data analytics, and driving robust growth post-COVID. Under his guidance, North America achieved strong net sales growth across all categories in fiscal 2022. The company has committed to a smooth transition with a successor to be named soon.