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$69.30Last Dividend
$0.35Annual ROE
6.65%Beta
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May 01, 2025Recent quarterly earnings:
Feb 04, 2025Recent annual earnings:
Aug 19, 2024Next ex-dividend date:
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Nov 29, 2024Next split:
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Jan 23, 2012Analyst ratings
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Estée Lauder is reducing its workforce by thousands due to a decrease in consumer spending worldwide. The beauty company announced its earnings on February 4, revealing that sales have either dropped or remained the same in many markets, particularly in Asia, where they fell by more than 10%.
Estee Lauder Companies Inc's shares fell in premarket trading on Tuesday following the release of their second-quarter results.
On Tuesday, Estee Lauder announced an expansion of its restructuring plan, which may involve cutting up to 7,000 jobs. The company also reported a smaller decline in sales for the second quarter than anticipated.
The Manhattan-based company, which is owned by the Lauder family from New York, saw its shares drop by as much as 18% after Estée Lauder announced plans to reduce its workforce by 5,800 to 7,000 positions.
The Estée Lauder Companies Inc. (NYSE:EL) will hold its Q2 2025 Earnings Conference Call on February 4, 2025, at 8:30 AM ET. Key company participants include Rainey Mancini, Stéphane de La Faverie, and Akhil Shrivastava. The call will also feature analysts from various financial institutions, and it is important to note that this event is being recorded.
Estee Lauder has announced that it plans to cut up to 7,000 jobs from its workforce. The cosmetics company, which is famous for brands such as Mac and Clinique, shared this news on Tuesday.
The Estee Lauder Companies reported lower earnings and sales in their Q2 results due to difficulties in China and travel retail. The management has also provided an unsatisfactory outlook for Q3.
NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) has announced that Michael Bowes will become the Executive Vice President and Chief People Officer starting April 1, 2025. He will report directly to Stéphane de La Faverie, the President and CEO. As the first person in this role, Michael will manage all aspects of Global Human Resources, such as talent management, career development, and organizational design.
Estée Lauder, a well-established cosmetics brand that has been around for almost 80 years, seems to be facing some challenges recently. Despite its long history, the skincare and makeup giant appears to be struggling.
Estée Lauder had a tough first quarter of 2025, experiencing a 4.5% drop in revenue, largely because of poor results in China, global travel retail, and Hong Kong. However, their gross margin improved by 280 basis points, and operating income rose by 33% thanks to the Profit Recovery and Growth Plan. In the second quarter, investors will be looking closely at the new CEO Stéphane de La Faverie's plans and how they will be carried out, especially with the uncertainties in the Chinese and Asian travel retail markets.
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