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.
Estée Lauder Announces ELEL Fund Launch
Estée Lauder has launched the Estée Lauder Emerging Leaders (ELEL) Fund, investing $1 million to support emerging women leaders and challenge gender stereotypes. The fund's first partner is Vital Voices, a nonprofit focusing on women's leadership. A global study by Estée Lauder reveals persistent gender biases in leadership perceptions. The ELEL Fund aims to address these biases and redefine leadership for women, enhancing their role in communities and workplaces worldwide.
The Estée Lauder Companies reported net sales of $4.25 billion for Q3 2022, a 10% increase from the previous year. Organic net sales grew 9%, driven by strong performance in The Americas and EMEA regions, despite COVID restrictions impacting the Asia/Pacific region. Diluted EPS rose 24% to $1.53, with adjusted diluted EPS at $1.90, an 18% increase in constant currency. The company anticipates a record year, adjusting its outlook due to COVID-related challenges.
The Estée Lauder Companies Inc. (NYSE: EL) has announced a quarterly dividend of $.60 per share for both Class A and Class B Common Stock. This dividend will be paid on June 15, 2022, to shareholders on record by the close of business on May 31, 2022. The company is a leading global manufacturer and marketer of skincare, makeup, fragrance, and haircare products, distributing its brands in around 150 countries.
The Estée Lauder Companies Inc. (NYSE: EL) is set to release its fiscal 2022 third quarter results on May 3, 2022, at 9:30 a.m. (ET). A live webcast will be available for the conference call where CEO Fabrizio Freda and CFO Tracey T. Travis will discuss earnings, future prospects, and corporate developments. Investors and analysts are encouraged to participate via the company's investor relations website.
Estée Lauder is a global leader in skin care, makeup, fragrance, and hair care products, with a presence in around 150 countries.
The Estée Lauder Companies Inc. (NYSE:EL) announced the election of Arturo Nuñez to its Board of Directors, effective April 25, 2022. Mr. Nuñez, currently the Chief Marketing Officer of Nubank, brings significant consumer marketing experience from roles at Apple, NIKE, and the NBA. His expertise is expected to enhance the board’s strategic direction, particularly in areas of innovative technology and consumer branding. The board now comprises 16 members, with Mr. Nuñez serving a term that will expire in November 2024.
The Estée Lauder Companies announced key leadership changes for its Travel Retail division, effective May 1, 2022. Israel Assa will become Global President, Travel Retail Worldwide, succeeding retiring Olivier Bottrie. Javier Simon takes over as President, Commercial, Travel Retail Worldwide. Assa has been pivotal in the division's growth, which increased from 6% to 28% of ELC's net sales since 2004. These appointments reflect ELC's commitment to developing internal talent and strengthening its market position in Travel Retail.
The Estée Lauder Companies (NYSE:EL) has launched its impactful three-year, $3M literacy initiative called WRITING CHANGE. Inspired by Amanda Gorman, the initiative aims to address global illiteracy, which affects over 773 million people. In its first year, WRITING CHANGE will support five U.S.-based organizations focused on access, advocacy, and artistic expression in literacy. Key recipients include the American Library Association and We Need Diverse Books. The program will track annual progress to ensure positive community impact, prioritizing diverse populations and underserved areas.
The Estée Lauder Companies reported a 14% increase in net sales to $5.54 billion for Q2 2022, compared to $4.85 billion a year earlier. Diluted EPS rose 25% to $2.97, with organic sales up 11%. This growth resulted from a recovery in brick-and-mortar retail, strong online sales, and successful holiday offerings. The company is raising its fiscal 2022 outlook, emphasizing a robust multi-channel strategy despite ongoing supply chain disruptions and pandemic-related challenges.
The Estée Lauder Companies Inc. (NYSE: EL) announced a quarterly dividend of $.60 per share on its Class A and Class B Common Stock. This dividend will be distributed on March 15, 2022, to stockholders recorded by the close of business on February 28, 2022. Estee Lauder is a prominent name in the beauty industry, marketing a wide range of skincare, makeup, fragrance, and hair care products globally, under various renowned brands.
The Estée Lauder Companies Inc. (NYSE: EL) will release its fiscal 2022 second quarter results on February 3, 2022, at 9:30 a.m. (ET). A live webcast will discuss the results, future prospects, and corporate developments, hosted by President and CEO Fabrizio Freda and EVP and CFO Tracey T. Travis. The webcast can be accessed on the company's investor relations website, where it will also be archived.
FAQ
What is the current stock price of Estee Lauder Companies (EL)?
What is the market cap of 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?
