The Estée Lauder Companies Inc. reports recurring developments in global prestige beauty, including results and outlook updates tied to skin care, makeup, fragrance, hair care and related brand activity. Company news commonly covers sales trends by product category and region, performance of brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, TOM FORD, The Ordinary and BALMAIN Beauty, and product introductions in prestige fragrance and skin care.
Updates also address portfolio investments, consumer-facing spending, distribution through retail and digital channels, and operating changes under the One ELC model and Profit Recovery and Growth Plan. These releases frame how the company manages its luxury and prestige beauty brands across approximately 150 countries and territories.
The Estée Lauder Companies (NYSE:EL) has appointed Daniel Mahler as Executive Vice President, Global Transformation and Category Leadership, effective July 1, 2021. Mahler will report to Fabrizio Freda and Tracey T. Travis. His leadership is expected to enhance ELC's focus on high-growth markets, improve brand innovation, and strengthen digital capabilities. Mahler has previously led enterprise-wide changes at ELC and played a key role in the company’s success during the COVID-19 pandemic, helping ELC adapt to the evolving market landscape.
The Estée Lauder Companies (NYSE:EL) announced promotions for two key leaders, effective July 1, 2021. Michelle Freyre advances to Global Brand President of Clinique, acknowledging her role in driving double-digit growth and leading Clinique to be the top ELC brand in North America online. Glenn Evans steps up to Global Brand President for Smashbox and GLAMGLOW, focusing on sustainable growth and product innovations. Both promotions reflect the company’s commitment to leadership that drives brand performance and aligns with an inclusive corporate culture.
Fabrizio Freda, President and CEO of The Estée Lauder Companies (NYSE: EL), will present at the dbAccess Global Consumer Conference 2021 on June 8, 2021, at 9:00 AM ET. The presentation will be available via live webcast and can be accessed at www.elcompanies.com/investors. The event will last until 9:45 AM ET and will also be archived for later viewing.
The Estée Lauder Companies is a leading global manufacturer of premium skincare, makeup, fragrance, and hair care products, sold in approximately 150 countries.
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.