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.
Today, The Estée Lauder Companies (NYSE:EL) announced the retirement of Alexandra Trower, Executive Vice President of Global Communications, effective July 1, 2021. Trower has been with the company for 13 years and has played a pivotal role in evolving strategic communications, enhancing the company's global reputation, and supporting regional growth.
Her contributions include launching a refreshed Corporate Brand and advocating for diversity, equity, and philanthropy. A successor will be named later.
The Estée Lauder Companies (NYSE:EL) has launched a new Equity and Engagement Center of Excellence to enhance diversity and representation across its operations. The center will be spearheaded by Nicole Monson, appointed as Senior Vice President of Equity and Engagement, reporting to Michael O’Hare, EVP of Global Human Resources. This initiative aims to ensure fair treatment, equitable compensation, and diverse career paths within the company, aligning with ELC's long-term commitment to racial equity and employee engagement.
The Estée Lauder Companies Inc. (NYSE: EL) announced the pricing of $600 million of 1.950% Senior Notes due 2031. The offering is set to close around March 4, 2021, under an effective registration statement from May 21, 2018. Proceeds will support general corporate needs, including investments in DECIEM Beauty Group Inc., operational costs, and debt repayment. Major banks leading the offering include BofA Securities and Goldman Sachs. The offering does not constitute a sale solicitation in jurisdictions where it would be unlawful.
The Estée Lauder Companies announced it will increase its investment in DECIEM Beauty Group from approximately 29% to 76%, with the transaction expected to close by June 30, 2021. The initial payment will be around USD $1.0 billion, valuing DECIEM at approximately USD $2.2 billion. Since Estée Lauder's initial investment in 2017, DECIEM has seen net sales of approximately USD $460 million. The remaining interest will be purchased in three years, based on DECIEM's future performance. The acquisition is subject to regulatory approvals.
The Estée Lauder Companies reported second quarter net sales of $4.85 billion, a 5% increase from the prior-year, driven by the acquisition of Have&Be Co. Ltd. and strong online sales growth. Net earnings rose to $873 million, up from $557 million a year ago, with diluted EPS reaching $2.37. Despite COVID-19 disruptions affecting foot traffic, significant growth in the Asia/Pacific region and online sales was noted. The company anticipates improving sales growth in future quarters, targeting a 13%-14% increase for the next quarter.
The Estée Lauder Companies Inc. (NYSE: EL) announced a quarterly dividend of $0.53 per share on both Class A and Class B Common Stock, scheduled for March 15, 2021. Stockholders of record as of February 26, 2021 will be eligible for this payout. As a significant player in the global beauty market, the company offers a diverse range of products under renowned brands sold in approximately 150 countries.
The Estée Lauder Companies (NYSE:EL) announced the retirement of Gregory F. Polcer, Executive Vice President of Global Supply Chain, effective July 1, 2021. He will be succeeded by Roberto Canevari, starting May 1, 2021. Polcer has been instrumental in evolving the supply chain organization and implementing sustainability practices. Canevari, formerly with Unilever and Burberry, will oversee global supply chain operations and prioritize safety and sustainability. The transition aims to maintain the integrity and innovation of ELC's supply chain amid growing global demands.
The Estée Lauder Companies Inc. (NYSE: EL) will announce its second quarter fiscal 2021 results on February 5, 2021, at 9:30 a.m. (ET). A live webcast of the conference call will discuss financial outcomes, future outlook, and corporate developments. Fabrizio Freda, President and CEO, along with Tracey T. Travis, EVP and CFO, will lead the call. Interested parties can access the webcast through the Company’s investor website, where the session will also be archived.
The Estée Lauder Companies Inc. (NYSE: EL) held its Annual Meeting of Stockholders, chaired by Executive Chairman William P. Lauder. Key highlights included the election of five new board members: Charlene Barshefsky, Wei Sun Christianson, Fabrizio Freda, Jane Lauder, and Leonard A. Lauder. Stockholders ratified PricewaterhouseCoopers LLP as independent auditors for the fiscal year and approved the advisory vote on executive compensation. The company remains a leading global manufacturer in the personal care industry, with products available in approximately 150 countries.
The Estée Lauder Companies (EL) announced it has achieved Net Zero emissions and sourced 100% renewable electricity globally for its direct operations, fulfilling its RE100 commitment. This milestone supports the company’s broader climate strategy to set science-based emissions reduction targets across its operations and value chain. Key targets include a 50% reduction in absolute scope 1 and 2 GHG emissions by 2030 and a 60% reduction in scope 3 GHG emissions per unit revenue, reinforcing its long-term commitment to sustainable practices.
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