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.
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.
Balmain launches its first beauty creation, 'Les Éternels de Balmain', a collection of eight all-gender eaux de parfum. Creative Director Olivier Rousteing builds on Balmain's fashion and perfume history to redefine beauty for the future. The collection features fragrances from four olfactive families: Musk, Amber, Floral, and Woody.
Rousteing's vision emphasizes inclusivity and individuality in luxury fragrance-making. The collection includes reinvented legacy scents and new creations, all designed to celebrate diverse beauties. Balmain Beauty aims to expand globally into new categories, marking a new chapter for the brand.
The launch is part of Balmain's strategy to maximize cross-category potential and become a leader in the luxury world. The partnership with The Estée Lauder Companies supports this ambitious growth plan.
Tracey T. Travis, Executive Vice President and CFO of The Estée Lauder Companies (NYSE: EL), will speak at the Barclays Annual Global Consumer Staples Conference in Boston on September 3, 2024, at 12:00 p.m. EST. A live webcast of the fireside chat will be available from 12:00 p.m. – 12:35 p.m. EST at the company's investor website.
The Estée Lauder Companies is a global leader in luxury and prestige beauty brands, selling skin care, makeup, fragrance, and hair care products in approximately 150 countries. Their portfolio includes renowned brands such as Estée Lauder, Clinique, M·A·C, La Mer, Bobbi Brown, Aveda, Jo Malone London, TOM FORD, and The Ordinary, among others.
The Estée Lauder Companies Inc. (NYSE: EL) has announced a quarterly dividend of $.66 per share on its Class A and Class B Common Stock. The dividend will be paid on September 16, 2024, to stockholders of record at the close of business on August 30, 2024. Estée Lauder is a global leader in manufacturing, marketing, and selling premium skin care, makeup, fragrance, and hair care products. The company's portfolio includes renowned brands such as Estée Lauder, Clinique, M·A·C, La Mer, and TOM FORD, among others. Their products are sold in approximately 150 countries and territories worldwide, cementing the company's position as a steward of luxury and prestige brands globally.
The Estée Lauder Companies (NYSE: EL) reported fiscal 2024 results with net sales of $15.61 billion, a 2% decrease from the previous year. Organic net sales also declined 2%, primarily due to ongoing softness in mainland China and a decline in Asia travel retail. Net earnings fell to $0.39 billion from $1.01 billion in the prior year. Diluted EPS decreased to $1.08 from $2.79, while adjusted diluted EPS fell 25% to $2.59.
The company expects improved performance across most business areas in fiscal 2025, partially offset by continued soft consumer sentiment in China. The Profit Recovery and Growth Plan is expected to offset profitability pressure from ongoing softness in China's prestige beauty segment. Estée Lauder aims to rebalance regional growth, improve annual profitability, and strengthen go-to-market and innovation capabilities.
The Estée Lauder Companies Inc. (NYSE: EL) has announced that CEO Fabrizio Freda intends to retire at the end of fiscal year 2025. The Board of Directors is well advanced in its CEO succession planning process, considering both internal and external candidates. Until a successor is appointed, Freda will continue to lead the company's strategic initiatives, including the Profit Recovery and Growth Plan.
Freda, who has served the company for over 16 years, will partner with his successor to ensure a smooth transition and will be available as an advisor in fiscal year 2026. The Board, Freda, and the leadership team remain focused on addressing current challenges faced by the company. Executive Chairman William P. Lauder expressed gratitude for Freda's service and his role in transforming the business to meet evolving consumer aspirations.
Lab Series, a performance-driven skincare brand for men, has launched in the U.S. Amazon Premium Beauty store. This expansion provides broader access to Lab Series' high-performance formulas backed by science. The Lab Series store on Amazon offers:
- Educational content tailored to men's skin concerns
- Targeted product solutions with proven results
- Shoppable recommendations for personalized skincare routines
The launch aims to address the growing men's skincare market and the lack of bespoke education in this sector. Amazon customers can now purchase a wide selection of Lab Series products, including best-sellers from the All-In-One, Daily Rescue, and Max LS series. With over 30 years of research and development, Lab Series focuses on creating solutions tailored to men's unique skin physiology and needs.
The Estée Lauder Companies Inc. (NYSE: EL) has announced it will release its fiscal 2024 fourth quarter and full year results on August 19, 2024. The company will host a live webcast at 9:30 a.m. (ET) to discuss the results, future prospects, and recent corporate developments. Fabrizio Freda, President and CEO, and Tracey T. Travis, EVP and CFO, will lead the call. Interested parties can access the webcast at http://www.elcompanies.com/investors, and the call will be archived on the company's website for future reference.
Smashbox, the iconic beauty brand known for innovative, high-performance makeup, has launched in the U.S. Amazon Premium Beauty store. This expansion aims to increase accessibility of Smashbox's products, including their bestselling Original Photo Finish Smooth and Blur Primer, to Amazon's vast customer base. The dedicated storefront features:
1. A wide array of studio-vetted makeup products
2. The exclusive Primer Finder tool for personalized recommendations
3. Educational content about innovative formulations
4. Prime member benefits like fast, free shipping
This strategic move aligns with Smashbox's commitment to meeting evolving consumer needs and reinforces its position as a leader in makeup innovation, catering to both professionals and makeup enthusiasts.
The Estée Lauder Companies Inc. (NYSE: EL) has appointed Rashida La Lande as Executive Vice President and General Counsel, effective August 19, 2024. La Lande will report to William P. Lauder, Executive Chairman, and Fabrizio Freda, President and CEO. She will lead ELC's global Legal organization, overseeing legal strategy, practices, and policies. La Lande brings over 25 years of experience, joining from The Kraft Heinz Company where she was Executive VP and Global Chief Legal and Corporate Affairs Officer. Her responsibilities will include advising on complex global legal issues, corporate strategies, compliance, risk mitigation, and business transactions. La Lande's appointment is seen as strategic for driving ELC's long-term sustainable, profitable growth.
Dr.Jart+, the renowned Korean skincare brand, has launched in the U.S. Amazon Premium Beauty store, expanding its reach to new consumers. Known for high-performance derma skincare products with instant results, Dr.Jart+ offers Prime members fast, free shipping on all orders. The brand's Amazon store features signature Skin-a-gram videos on product pages, providing educational and entertaining content about product benefits and ingredients.
Consumers can now easily access Dr.Jart+'s full range of products, including bestsellers like Cicapair™ Tiger Grass Color Correcting Treatment and Ceramidin™ Skin Barrier Moisturizing Cream. The brand's presence on Amazon aims to capitalize on the growing interest in Korean skincare and K-beauty trends among U.S. consumers.