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 has increased its ownership stake in DECIEM Beauty Group from 29% to approximately 76%. This acquisition marks the first phase of a planned total acquisition, with the remaining interests to be purchased after three years based on DECIEM's future performance. DECIEM, known for its innovative and consumer-focused approach, operates six brands including the popular skincare line, The Ordinary.
The Estée Lauder Companies Inc. (NYSE:EL) has appointed Meridith Webster as Executive Vice President, Global Communications and Public Affairs, effective May 17, 2021. Meridith will replace Alexandra Trower and Maria Cristina González Noguera, who are transitioning to different roles. Reporting to William P. Lauder and Fabrizio Freda, she will enhance communication strategies and stakeholder relationships. With a robust background, including roles in the Biden and Obama administrations, Meridith aims to elevate ELC’s corporate reputation and drive strategic agendas.
The Estée Lauder Companies reported net sales of $3.86 billion for Q3 ended March 31, 2021, marking a 16% increase year-over-year. Net earnings reached $456 million, compared to a loss of $(6) million in the prior year, with diluted EPS at $1.24. Growth was driven by Skin Care and Fragrance, particularly in Asia/Pacific and online sales, which saw strong double-digit growth. The company also resumed share repurchases and increased its stake in DECIEM. However, the pandemic continued to affect retail traffic and consumer preferences.
The Estée Lauder Companies Inc. (NYSE: EL) has announced a quarterly dividend of $.53 per share, to be paid on June 15, 2021. Stockholders recorded by the close of business on May 28, 2021 will be eligible for this dividend. Estee Lauder, renowned for its quality skin care and beauty products, operates in approximately 150 countries with a diverse portfolio of brands including Estée Lauder, Clinique, and M·A·C.
The Estée Lauder Companies Inc. (NYSE: EL) plans to release its fiscal 2021 third quarter results on May 3, 2021, at 9:30 a.m. ET. The conference call will cover financial results, future prospects, and recent corporate developments, hosted by CEO Fabrizio Freda and CFO Tracey T. Travis. The public can access the live webcast and later review the archived version on the company’s investor relations website. Estée Lauder is a leading manufacturer and marketer of skincare, makeup, fragrance, and hair care products, operational in around 150 countries.
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.
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