Estee Lauder Companies Stock Price, News & Analysis

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.

The Estée Lauder Companies Inc. (NYSE: EL) held its Annual Meeting of Stockholders where William P. Lauder chaired the meeting. CEO Fabrizio Freda presented recent financial results and the company's long-term strategy. Stockholders elected four new board members: Rose Marie Bravo, Paul J. Fribourg, Jennifer Hyman, and Barry S. Sternlicht. Additionally, they ratified the appointment of PricewaterhouseCoopers as independent auditors and approved an advisory vote on executive compensation.

The Estée Lauder Companies Inc. (NYSE: EL) will host its 2021 Annual Meeting of Stockholders virtually on November 12, 2021, starting at 10:00 a.m. (ET). Interested participants can access the webcast through this link. The company also provides detailed information in its Proxy Statement available on its investor relations page. Estée Lauder is a leading global manufacturer and marketer of skincare, makeup, fragrance, and hair care products available in roughly 150 countries.

The Estée Lauder Companies reported a 23% increase in net sales to $4.39 billion for the first quarter of fiscal 2022, with net earnings rising 32% to $692 million or $1.88 per share. Organic net sales grew 18%, reflecting strong performances across all regions and product lines, particularly in Skin Care and Fragrance. The company is well-positioned for growth, maintaining a strong outlook despite challenges from the COVID-19 pandemic. Looking ahead, Estée Lauder anticipates an increase in sales of 11% to 13% for Q2 and 12% to 15% for the full year.

The Estée Lauder Companies Inc. (NYSE: EL) has announced a 13% increase in its quarterly dividend, raising it from $.53 to $.60 per share. This dividend will be payable on December 15, 2021, to stockholders of record as of November 30, 2021. The Estée Lauder Companies is a prominent manufacturer and marketer of skincare, makeup, fragrance, and hair care products across approximately 150 countries under various acclaimed brand names.

On January 28, 2022, The Estée Lauder Companies (NYSE:EL) announced key leadership changes in its international business following the retirement of Group President Cedric Prouvé. Peter Jueptner is appointed President, International, effective February 1, 2022, while Nadine Graf becomes Senior Vice President, General Manager, EMEA. Both leaders bring extensive experience in the beauty industry, and the company emphasizes its commitment to internal talent development and strategic growth across its global markets.