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.
Smashbox Cosmetics has announced its first fashion venture through a collaboration with Mexico City-based accessories brand ILKA. The partnership, previewed at Mercedes-Benz Fashion Week Mexico City, features a 4-piece collection that combines Smashbox's branding with ILKA's signature styles. The collection, launched on October 18, 2024, is available in-store and online at ILKA, with prices starting at 2,450 MXN. The collaboration emerged following a visit to Mexico City by Smashbox brand leaders and reflects the company's commitment to spotlighting emerging talent across fashion, art, and music in regions where Smashbox operates.
The Estée Lauder Companies (NYSE: EL) has announced a reduction in its quarterly dividend to $.35 per share from the previous $.66 per share, payable on December 16, 2024, to stockholders of record as of November 29, 2024. The company cited challenges in the prestige beauty landscape, particularly difficulties in forecasting market stabilization in mainland China and Asia travel retail, as reasons for adjusting to a more appropriate payout ratio. This reduction aims to provide greater financial flexibility for incoming leadership to focus on reaccelerating profitable growth.
The Estée Lauder Companies (EL) reported Q1 fiscal 2025 results with net sales decreasing 4% to $3.36 billion from $3.52 billion year-over-year. The company posted a net loss of $156 million, compared to net earnings of $31 million in the prior year. The loss includes $159 million in charges related to talcum litigation settlements. Organic net sales declined 5% primarily due to weakened consumer sentiment in China and lower conversion rates in Asia travel retail. The company withdrew its fiscal 2025 outlook citing uncertainty in China market stabilization and leadership changes, while also reducing its dividend payout ratio.
The Estée Lauder Companies (NYSE: EL) has announced significant leadership changes. Stéphane de La Faverie will become President and CEO effective January 1, 2025, succeeding retiring Fabrizio Freda. Additionally, William P. Lauder will step down as Executive Chairman but remain Board Chair. De La Faverie, currently Executive Group President overseeing major brands like Estée Lauder and Jo Malone London, brings over 25 years of prestige beauty experience. He has been instrumental in implementing the Company's Profit Recovery and Growth Plan and enhancing its fragrance portfolio. The appointment comes as part of the company's strategic reset to address current challenges and drive long-term growth.
The Estée Lauder Companies (NYSE: EL) has announced it will release its fiscal 2025 first quarter results on October 31, 2024. The company will host a live webcast conference call at 9:30 a.m. (ET) on the same day, featuring President and CEO Fabrizio Freda and EVP and CFO Tracey T. Travis. The webcast will be accessible through the company's investor relations website and will be archived for future reference.
Estée Lauder, the flagship brand of The Estée Lauder Companies Inc., has officially launched in the U.S. Amazon Premium Beauty store. This move brings their high-performance skincare, makeup, and fragrances to Amazon shoppers nationwide. The brand is also introducing a Virtual Foundation Tool, exclusive to Amazon, allowing customers to compare multiple shades of Estée Lauder foundation virtually.
The launch includes a wide range of best-selling products, including the popular Double Wear Stay-in-Place Makeup and Advanced Night Repair Serum. To amplify its presence, Estée Lauder will launch an extension of its 'Game Day, Your Way' campaign on Prime Video, highlighting the 'Beauty of Performance' and connecting women in football with the brand's Double Wear Stay-In-Place Makeup.
The Estée Lauder Companies (NYSE: EL) has announced the winners of The Catalysts program, an initiative created by ELC's New Incubation Ventures (NIV) and TikTok to support emerging beauty industry innovators. From over 800 applicants worldwide, three winners were selected: Etia London, LOVERBOY BEAUTY, and Ruka.
The winners will receive up to $250,000 in financial backing, along with mentorship and project assistance. Etia London aims to be the first beauty brand for the 1.3 billion disabled people worldwide. LOVERBOY BEAUTY plans to redefine makeup with an expressive approach inspired by the LGBTQIA+ community. Ruka seeks to disrupt the hair extension industry for textured hair.
The program highlights NIV's commitment to supporting trailblazing spirits in beauty and emphasizes the industry's cultural and social impact.
The Estée Lauder Companies (NYSE: EL) has launched its 2024 Breast Cancer Campaign with the powerful message: Breast Care is Self-Care. This initiative aims to inspire and educate women to become advocates for their breast health, emphasizing prevention and early detection.
The Campaign and The Estée Lauder Companies Charitable Foundation have funded over $131 million for global research, education, and medical services. A new video and digital campaign featuring female employees in New York highlights the link between breast health and self-care. The company has also launched a dedicated website with essential tools and resources for understanding breast health.
Key initiatives include:
- Funding medical research and fellowships worldwide
- Supporting 60+ organizations aligned with local community needs
- Funding medical resources and services for vulnerable groups
- Engaging ELC brands to donate to breast cancer research
- Illuminating global landmarks in pink to raise awareness
The Estée Lauder Companies Inc. (NYSE:EL) has announced leadership transitions in its North America region. Mark Loomis, Group President, North America, will retire at the end of fiscal year 2025. He will be succeeded by Tara Simon as President, North America, and Amber English as President, Digital and Online, North America, effective January 1, 2025.
Simon will focus on executing the company's brick-and-mortar channel strategy, while English will oversee the acceleration of digital-first transformation and omni-capabilities. Both leaders bring extensive experience in prestige beauty and commercial expertise to drive growth in the North America region.
The company's CEO, Fabrizio Freda, praised Loomis for his visionary leadership and contributions over nearly three decades, and expressed confidence in Simon and English's ability to capture new growth opportunities in the evolving North American market.
Estée Lauder (NYSE: EL) has launched its inaugural Emerging Leaders Beautiful Forces grants, partnering with Vital Voices Global Partnership through the Estée Lauder Emerging Leaders Fund (ELELF). The initiative aims to support emerging women leaders globally with an initial award of $200,000 allocated among four recipients.
The 2024 grant awardees are:
- Amina Mohamed (Canada) - Cameras for Girls
- Consuelo Hermosilla González (Chile) - Fundación Antonia
- Olasumbo Adeleke (Nigeria) - Gender Power Africa
- Renata Koch Alvarenga (Brazil) - EmpoderaClima
These grants will enable the recipients to expand their organizations' reach and impact in areas such as media empowerment, domestic violence prevention, economic empowerment for rural women, and climate education. The ELELF has also supported other initiatives, including the VV Visionaries Leadership Program, which has trained 400 women leaders from over 60 countries.
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