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. (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.
On May 3, 2023, The Estée Lauder Companies Inc. (NYSE: EL) will announce its fiscal 2023 third quarter results at 9:30 a.m. ET, accompanied by a live webcast. President and CEO Fabrizio Freda and CFO Tracey T. Travis will discuss the results, future prospects, and recent developments. The company, a major player in the cosmetics industry, operates globally under various renowned brands such as Estée Lauder, Clinique, and M·A·C, with products available in around 150 countries. Investors can access the webcast via the company’s investor relations page, where the call will also be archived for later viewing.
MAC Cosmetics has refreshed its Back-To-M·A·C recycling program, originally established over 30 years ago, to enhance its sustainability efforts. This initiative allows consumers to return clean, empty containers at designated collection boxes found in participating stores. The updated program aims to collect over 660,000 pounds of product annually, with 220,000 to 440,000 pounds expected to be recycled in the U.S. this year, in partnership with Close the Loop. This commitment to environmental responsibility reflects MAC's dedication to reducing its packaging impact. For more details on the program and participating locations, consumers can visit www.maccosmetics.com/back-to-mac.
On July 1, 2023, The Estée Lauder Companies (NYSE:EL) announced the retirement of Sara Moss, Vice Chairman, after a notable career that began in 2003 as Executive Vice President and General Counsel. During her tenure, she played a pivotal role in the company’s growth, overseeing international expansions and major acquisitions. Sara was also a proponent of diversity initiatives, co-leading the Women’s Leadership Network and spearheading the Women’s Advancement and Gender Equality strategy. CEO Fabrizio Freda and Executive Chairman William P. Lauder praised her leadership and contributions, highlighting her commitment to the company and community. Sara leaves behind a legacy of dedication and professionalism as she transitions into retirement.
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