Estee Lauder Companies Inc. is a global leader in the beauty industry, specializing in the development and marketing of high-quality skincare, makeup, fragrance, and hair care products
The company is known for its diverse portfolio of prestigious brands, including Estée Lauder, Clinique, MAC, and La Mer, among others. With a commitment to innovation and excellence, Estee Lauder focuses on creating premium products that cater to a wide range of consumer preferences and demographics. The brand is dedicated to sustainability, inclusivity, and social responsibility, aiming to enhance beauty experiences for customers around the world.
Shares of beauty products company Estée Lauder (NYSEEL)
fell 18.2% in the morning session after the company reported underwhelming fourth-quarter results. Its EBITDA missed significantly, and its EPS guidance for next quarter fell short of Wall Street's estimates. On the other hand, Estée Lauder blew past analysts' EPS expectations this quarter. While revenue also beat analysts' estimates, sales declined year on year. The company unveiled "Beauty Reimagined," a plan to boost sales and profits by cutting costs, speeding up product launches, and expanding into fast-growing markets. As part of its cost optimization efforts, the company plans to eliminate 5,800 to 7,000 jobs. Overall, this was a difficult quarter.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Tuesday. Below you can find the top S&P500 gainers and losers in today's session.
Stocks are higher today as the market brushes off tariff jitters, though the 10- and 30-year Treasury yields are rising on inflationary concerns amid the trade war.
Beauty products company Estée Lauder (NYSEEL) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 6.4% year on year to $4.00 billion. On the other hand, next quarter’s revenue guidance of $3.51 billion was less impressive, coming in 4.8% below analysts’ estimates. Its non-GAAP profit of $0.62 per share was 93.1% above analysts’ consensus estimates.
Curious about the market action on Tuesday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
The US market is yet to commence its session on Tuesday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world’s two largest economies.
Shares of Estee Lauder Companies fell following the company's FY25 earnings report. The company plans a major restructuring under its Profit Recovery and Growth Plan, aiming for a leaner, more agile business.
Stéphane de La Faverie, President and CEO of The Estée Lauder Companies today announced the Company’s new organizational structure and Executive Team, to lead the Beauty Reimagined vision and action plan to be the best consumer-centric prestige beauty company in the world, and restore sales growth and stronger profitability.
The Estée Lauder Companies Inc. (NYSEEL) today launched Beauty Reimagined, its new strategic vision, and reported its financial results for the second quarter ended December 31, 2024.
The Estée Lauder Companies Inc. (NYSEEL) today announced that Michael Bowes has been appointed Executive Vice President, Chief People Officer, effective April 1, 2025, reporting directly to President and Chief Executive Officer, Stéphane de La Faverie. As the first company executive to hold the title of Chief People Officer, Michael will oversee all areas of Global Human Resources, including talent management, career development and organizational design, and, with a people-focused mindset, will drive the organization forward by focusing on continuous culture building.
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