Welcome to our dedicated page for The Estee Lauder Companies news (Ticker: EL), a resource for investors and traders seeking the latest updates and insights on The Estee Lauder Companies stock.
The Estée Lauder Companies Inc. (NYSE: EL) is a globally recognized leader in the beauty industry. Specializing in high-quality skincare, makeup, fragrance, and hair care products, the company touches over half a billion consumers annually. Founded in 1946 by Estée Lauder and her husband, Joseph Lauder, the company has grown to be a dominant force in the luxury beauty market.
Estée Lauder's extensive portfolio includes well-known brands such as Estée Lauder, Clinique, MAC, Bobbi Brown, La Mer, Aveda, and many others. These products are sold in over 150 countries and territories, making the company's reach truly global. The firm's diverse distribution channels include department stores, travel retail, specialty multibrand beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
The company has a strong market presence, generating 28% of its revenue from the Americas, 39% from Europe, the Middle East, and Africa (including travel retail), and 33% from the Asia-Pacific region. In 2023, Estée Lauder achieved 52% of their total sales from skincare products, followed by 28% from makeup, 16% from fragrances, and 4% from hair care.
Recent achievements include significant participation in high-impact social initiatives. For instance, M·A·C Cosmetics continues its long-standing commitment to supporting the fight against HIV/AIDS through the VIVA GLAM campaign, which has raised over $520 million globally. Additionally, M·A·C Cosmetics was the exclusive backstage beauty sponsor for Howard University's 2024 Springfest Fashion Show, emphasizing diversity and representation in the fashion and beauty sectors.
Estée Lauder is continuously innovating and expanding its product lines to meet consumer demands. Its financial condition remains robust, supported by strategic partnerships and a dedicated workforce. The company is also deeply invested in sustainable practices and corporate social responsibility, aiming to create a positive impact on both the environment and the communities it serves.
For those looking to join a dynamic and impactful company, Estée Lauder offers numerous career opportunities, which can be explored on their official website, www.elcompanies.com.
The Estée Lauder Companies (NYSE: EL) conducted its Annual Meeting of Stockholders, where shareholders elected four Class I Directors: Paul J. Fribourg, Jennifer Hyman, Arturo Nuñez, and Barry S. Sternlicht. The meeting, chaired by Executive Chairman William P. Lauder, saw stockholders approve the appointment of PricewaterhouseCoopers LLP as independent auditors, endorse executive compensation through an advisory vote, and approve the Amended and Restated Fiscal 2002 Share Incentive Plan.
The Estée Lauder Companies (NYSE: EL) has announced its 2024 Annual Meeting of Stockholders, scheduled for Friday, November 8, 2024, at 10:00 a.m. (ET). The meeting will be held virtually and can be accessed through www.virtualshareholdermeeting.com/EL2024. A replay of the webcast will be available on the company's investor relations website afterward. The company operates as a leading global manufacturer and marketer of premium beauty products, selling through approximately 150 countries under various luxury brands including Estée Lauder, Clinique, M·A·C, La Mer, and others.
The Estée Lauder Companies' New Incubation Ventures (NIV) and NYKAA have announced the winners of BEAUTY&YOU India 2024, a program aimed at discovering and promoting emerging Indian beauty brands. The program received over 660 applications from more than 50 cities across categories including skin care, makeup, hair care, fragrance, and storytelling. Four winners were selected: SkinInspired (science-backed skincare), Not Just Vanilla (targeted body care solutions), Amright (female hair regrowth), and Journey of Objects (sustainable e-commerce marketplace). The winners were chosen by a panel of fourteen industry leaders during a live pitch session at The Leela Palace in New Delhi.
Amare Global, The Mental Wellness Company, announces significant executive leadership changes, including the return of Richard Higbee as General Manager of the Americas. The company has appointed several key executives: Chris Beck as Chief Information Officer, Felicity Sissener as Chief Marketing Officer, James Watson as General Manager of Asia-Pacific Region, and Jonee Woodard as Chief Operations Officer. Under Owner & Chairman David C. Chung's vision, these appointments aim to strengthen Amare's position in the wellness category through innovative products focusing on the gut-brain axis (GBX) and healthy microbiome support.
Amare Global, The Mental Wellness Company, announces significant executive leadership appointments following its acquisition by David C. Chung and appointment of CEO Asma Ishaq. The company has made strategic appointments across IT, management, marketing, and operations to strengthen its global wellness mission.
Key appointments include Chris Beck as CIO, Richard Higbee as GM of Americas, Felicity Sissener as CMO, James Watson as GM of Asia-Pacific, and Jonee Woodard as COO. The new leadership team will focus on establishing operational excellence, developing clinically studied products targeting the gut-brain axis, and enhancing IT, marketing, and e-commerce capabilities.
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.
FAQ
What is the current stock price of The Estee Lauder Companies (EL)?
What is the market cap of The Estee Lauder Companies (EL)?
What does The Estée Lauder Companies Inc. specialize in?
In how many countries are Estée Lauder's products sold?
Which brands are part of Estée Lauder's portfolio?
What percentage of Estée Lauder's revenue comes from skincare products?
How does Estée Lauder distribute its products?
What social causes does Estée Lauder support?
What is the VIVA GLAM campaign?
Where can I find career opportunities at Estée Lauder?
What regions contribute to Estée Lauder's revenue?
What recent events has Estée Lauder been involved in?
