Estee Lauder Companies Inc

NYSE:ELUnited States

Today

Show headlines and story abstract

• Sector Update: Consumer Stocks Decline Premarket Wednesday, from 51 minutes ago by MT Newswires

  51 minutes ago by MT Newswires
  Companies Mentioned: SBUX, XLP, XLY, CDW, EL
  08:59 AM EDT, 05/01/2024 (MT Newswires) -- Consumer stocks were declining premarket Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) 0.4% lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.3%. Starbucks (SBU...

• What Does "Sustainable Beauty" Really Look Like Today?, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: EL
  
  By Amanda Elser Murray
  
  Originally published by POPSUGAR
  
  NORTHAMPTON, MA / ACCESSWIRE / May 1, 2024 / Take MAC Cosmetics, for example. When it first launched back in 1984, there was little education around recycling best practices and how plastic usage might impact the planet. Understanding this, in 1990, the company launched the industry's first take-back program Back to MAC, where you could bring your finished tube of lipstick to any MAC store and they would recycle it for you. Similarly, looking to the future, brands will need to reimagine the wheel.
  

• Estee Lauder Companies' Fiscal Q3 Adjusted Earnings, Net Sales Increase, from 2 hours ago by MT Newswires

  2 hours ago by MT Newswires
  Companies Mentioned: EL
  07:49 AM EDT, 05/01/2024 (MT Newswires) -- Estee Lauder Companies (EL) reported fiscal Q3 adjusted earnings Wednesday of $0.97 per diluted share, up from $0.47 a year earlier. Analysts polled by Capital IQ expected $0.50. Net sales for the quarter...

• DJ Est e Lauder Expects Deeper Drop in FY Sales on Soft Chinese Market, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: EL
  By Sabela Ojea Estée Lauder logged higher in sales in the latest quarter amid a recovery in its Asia travel retail business, but guided for a deeper drop in full-year sales amid a continued softness in the prestige beauty market in Mainland China. The beauty company behind Clinique, MAC Cosmetics and La Mer, on Wednesday posted a fiscal third-quarter net profit of $330 million, or 91 cents a share, compared with $156 million, or 43 cents a share, for the same period a year earlier. Stripping out one time items, the company's earnings per share came in at 97 cents, ahead of the 50 cents per share anticipated by analysts. Sales rose 5% to $3.94 billion, beating analysts expectations of $3.92 billion and in line with management views. The company said skin care and makeup sales rose 8% and 3%, respectively, also seeing a sequential recovery in these categories. Sales for fragrances remained flat and haircare sales dropped 3%. In its key Asia Pacific region, Estée Lauder saw a 1% decline in sales amid a recovery in its Asia travel retail business. Meanwhile, sales in the Americas rose 3%, even though North America sales were flat. In Europe and the Middle East region, sales climbed 12%. "We expect accelerating momentum in organic sales growth in the fourth quarter, and for operating margin in the second half of fiscal 2024 to not only be stronger than the first half but also to expand from the year-ago period," Chief Executive Fabrizio Freda said. Estée Lauder expects fourth-quarter sales to rise 5% to 9%, with earnings per share of 11 cents to 22 cents, and adjusted earnings per share of 18 to 28 cents. Wall Street forecasts an increase in quarterly sales of 13%, and earnings and adjusted earnings per share of 74 cents and 75 cents, respectively. Regarding its outlook for the year ending in June, Estée Lauder guided for a decrease in sales of 3% to 2%, and organic net sales to fall between 2% to 1%. It also guided for earnings per share of $1.96 to $2.09, and adjusted earnings per share of $2.14 to $2.24. The company had most recently forecast a full-year sales and organic net sales decline 1% to a 1% increase and guided for earnings per share of $2.04 to $2.20 and adjusted earnings per share of $2.08 to $2.23. Wall Street forecasts a 0.8% decline in full-year sales to $15.81 billion, as well as earnings per share and adjusted earnings of $2.19 and $2.25, respectively. Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix (END) Dow Jones Newswires May 01, 2024 07:19 ET (11:19 GMT)

• -- GUIDANCE: (EL) THE ESTEE LAUDER COMPANIES Forecasts Fiscal Year 2024 EPS Range $2.14 - $2.24, from 3 hours ago by MT Newswires

  3 hours ago by MT Newswires
  Companies Mentioned: EL
  06:48 AM EDT, 05/01/2024 (MT Newswires) -- ...