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.
Too Faced, a playful yet serious makeup brand under The Estée Lauder Companies, is launching its products in the U.S. Amazon Premium Beauty store. This move allows broader consumer access to best-sellers like Better Than Sex Mascara and Born This Way complexion range. Too Faced collaborates with lifestyle content creator Darcy McQueeny, who will promote the brand on social media and host influencer events. The Amazon storefront will feature a wide selection of popular and new products, offering Prime members free shipping. This strategy aims to reach both new and existing customers on a platform they frequently use.
The Estée Lauder Companies (NYSE: EL) has completed its acquisition of DECIEM Beauty Group, a Canadian-based multi-brand company, for an estimated $860 million, totaling around $1.7 billion from initial investment to final acquisition. DECIEM, known for its flagship brand The Ordinary, has shown significant growth and innovation. This acquisition aims to bolster ELC's skin care portfolio and global consumer reach, with DECIEM's brands ranking highly in multiple international markets. The partnership has leveraged ELC's infrastructure for global expansion and increased profitability through operational efficiencies.
M·A·C Cosmetics celebrates the 30th anniversary of its VIVA GLAM campaign, aiming to raise another half-billion dollars for charity with 100% of lipstick sales going to local organizations worldwide. Pop stars Kim Petras and Danna Paola headline the campaign, embodying the brand's mission of promoting equal rights and healthy futures for all. The campaign introduces a new four-shade lipstick lineup with a silky matte finish and impactful names. In addition to supporting HIV/AIDS programs, VIVA GLAM now focuses on sexual, gender, racial, and environmental equality. The campaign highlights VIVA GLAM's expanded mission, existing partnerships, and new initiatives such as supporting LGBTQ+ youth and removing plastic pollution in India, underlining M·A·C's ongoing commitment to social and environmental causes.
The Estée Lauder Companies (NYSE: EL) will participate in the dbAccess Global Consumer Conference 2024 in Paris on June 4, 2024, with Executive Vice President and CFO Tracey T. Travis representing the company. A live webcast of the fireside chat will be available from 10:30 a.m. to 11:10 a.m. CEST at the company's investor website and will also be archived. Estée Lauder is a leading global manufacturer and seller of high-quality skin care, makeup, fragrance, and hair care products, with a portfolio of luxury and prestige brands sold in around 150 countries and territories. Brands include Estée Lauder, Clinique, M·A·C, La Mer, Bobbi Brown, and Jo Malone London, among others.
The Estée Lauder Companies (NYSE: EL) will participate in the Bernstein Annual Strategic Decisions Conference in New York on May 29, 2024. Fabrizio Freda, President and CEO, and Guillaume Jesel, President and CEO of TOM FORD and Luxury Business Development, will represent the company in a fireside chat from 9:00 a.m. to 9:50 a.m. EDT.
Interested parties can access the live webcast and the archived version on the company’s investor website. Estee Lauder is a global leader in quality skincare, makeup, fragrance, and hair care products, operating in around 150 countries under various brand names including Estée Lauder, Clinique, MAC, and TOM FORD, among others.
M-A-C Cosmetics served as the exclusive beauty sponsor for Howard University's 2024 Springfest Fashion Show in April, an event attended by over 10,000 students and alumni. The show, titled 'Strut The Yard: Appetence,' featured a three-piece show and modeling competition showcasing student designers, models, makeup artists, and hairstylists.
Khalea Underwood, Global Editorial Manager at M-A-C and Howard University alum, coordinated and judged the show. Romero Jennings, M-A-C's Director of Makeup Artistry, curated a product list featuring M-A-C Studio Fix Fluid Foundation, and students used his tips to create their looks. Supported by The M-A-C Movement, the partnership underscores the brand's commitment to diversity and representation in fashion and beauty.
MAC Cosmetics has been a pioneer in sustainable beauty practices, launching the industry's first take-back program in 1990. The company focuses on using post-recycled materials, sustainable packaging, energy-efficient stores, and direct-to-consumer business to reduce its carbon footprint.
The Estée Lauder Companies Inc. (NYSE: EL) reported a 5% increase in net sales to $3.94 billion for the third quarter of fiscal 2024, with organic net sales growing 6%. Diluted EPS rose to $.91, and adjusted diluted EPS increased to $.97. The Company's net earnings were $330 million, and operating income rose by 79%. Positive highlights include growth in developed and emerging markets, high-single-digit growth in Skin Care, and strategic expansions. However, challenges include a decrease in net sales in some regions and a decline in Hair Care sales.
The Estée Lauder Companies Inc. (NYSE: EL) declares a quarterly dividend of $.66 per share on Class A and Class B Common Stock. The payment is scheduled for June 17, 2024, to stockholders of record as of May 31, 2024. The company is a global leader in skincare, makeup, fragrance, and hair care products, boasting a portfolio of luxury and prestige brands sold in over 150 countries.
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?
