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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 Inc. (NYSE: EL) will report its fiscal 2021 fourth quarter and full year results on August 19, 2021. The conference call will take place at 9:30 a.m. ET, featuring President and CEO Fabrizio Freda and EVP and CFO Tracey T. Travis. The call will focus on the company's performance, future prospects, and recent developments. Interested parties can access the live webcast at elcompanies.com/investors, where an archived version will also be available.
The Estée Lauder Companies (NYSE:EL) has appointed Daniel Mahler as Executive Vice President, Global Transformation and Category Leadership, effective July 1, 2021. Mahler will report to Fabrizio Freda and Tracey T. Travis. His leadership is expected to enhance ELC's focus on high-growth markets, improve brand innovation, and strengthen digital capabilities. Mahler has previously led enterprise-wide changes at ELC and played a key role in the company’s success during the COVID-19 pandemic, helping ELC adapt to the evolving market landscape.
The Estée Lauder Companies (NYSE:EL) announced promotions for two key leaders, effective July 1, 2021. Michelle Freyre advances to Global Brand President of Clinique, acknowledging her role in driving double-digit growth and leading Clinique to be the top ELC brand in North America online. Glenn Evans steps up to Global Brand President for Smashbox and GLAMGLOW, focusing on sustainable growth and product innovations. Both promotions reflect the company’s commitment to leadership that drives brand performance and aligns with an inclusive corporate culture.
Fabrizio Freda, President and CEO of The Estée Lauder Companies (NYSE: EL), will present at the dbAccess Global Consumer Conference 2021 on June 8, 2021, at 9:00 AM ET. The presentation will be available via live webcast and can be accessed at www.elcompanies.com/investors. The event will last until 9:45 AM ET and will also be archived for later viewing.
The Estée Lauder Companies is a leading global manufacturer of premium skincare, makeup, fragrance, and hair care products, sold in approximately 150 countries.
The Estée Lauder Companies has increased its ownership stake in DECIEM Beauty Group from 29% to approximately 76%. This acquisition marks the first phase of a planned total acquisition, with the remaining interests to be purchased after three years based on DECIEM's future performance. DECIEM, known for its innovative and consumer-focused approach, operates six brands including the popular skincare line, The Ordinary.
The Estée Lauder Companies Inc. (NYSE:EL) has appointed Meridith Webster as Executive Vice President, Global Communications and Public Affairs, effective May 17, 2021. Meridith will replace Alexandra Trower and Maria Cristina González Noguera, who are transitioning to different roles. Reporting to William P. Lauder and Fabrizio Freda, she will enhance communication strategies and stakeholder relationships. With a robust background, including roles in the Biden and Obama administrations, Meridith aims to elevate ELC’s corporate reputation and drive strategic agendas.
The Estée Lauder Companies reported net sales of $3.86 billion for Q3 ended March 31, 2021, marking a 16% increase year-over-year. Net earnings reached $456 million, compared to a loss of $(6) million in the prior year, with diluted EPS at $1.24. Growth was driven by Skin Care and Fragrance, particularly in Asia/Pacific and online sales, which saw strong double-digit growth. The company also resumed share repurchases and increased its stake in DECIEM. However, the pandemic continued to affect retail traffic and consumer preferences.
The Estée Lauder Companies Inc. (NYSE: EL) has announced a quarterly dividend of $.53 per share, to be paid on June 15, 2021. Stockholders recorded by the close of business on May 28, 2021 will be eligible for this dividend. Estee Lauder, renowned for its quality skin care and beauty products, operates in approximately 150 countries with a diverse portfolio of brands including Estée Lauder, Clinique, and M·A·C.
The Estée Lauder Companies Inc. (NYSE: EL) plans to release its fiscal 2021 third quarter results on May 3, 2021, at 9:30 a.m. ET. The conference call will cover financial results, future prospects, and recent corporate developments, hosted by CEO Fabrizio Freda and CFO Tracey T. Travis. The public can access the live webcast and later review the archived version on the company’s investor relations website. Estée Lauder is a leading manufacturer and marketer of skincare, makeup, fragrance, and hair care products, operational in around 150 countries.
Today, The Estée Lauder Companies (NYSE:EL) announced the retirement of Alexandra Trower, Executive Vice President of Global Communications, effective July 1, 2021. Trower has been with the company for 13 years and has played a pivotal role in evolving strategic communications, enhancing the company's global reputation, and supporting regional growth.
Her contributions include launching a refreshed Corporate Brand and advocating for diversity, equity, and philanthropy. A successor will be named later.
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