Estee Lauder CompaniesNYSE: EL

NEW YORK CITY, NY / ACCESSWIRE / November 1, 2024 / Bronstein, Gewirtz & Grossman, LLC is looking into possible claims for those who bought shares of The Estée Companies, Inc. ("Estée" or "the Company") (NYSE:EL). Investors who have purchased Estée securities are invited to find more information and help with the investigation by visiting the firm's website: bgandg.com/EL.

On Wednesday, the company announced that it has chosen a long-time employee, Stephane de la Faverie, to be its new CEO and president. He will officially start his role at Estée on January 1.

Estee Lauder's first-quarter results show a rise in earnings. However, sales have dropped due to difficulties in China and the travel retail sector.

Estée Lauder (EL) saw its shares drop by 20% on Thursday after the company announced concerns about weak sales in China and the Asia travel market. They also withdrew their full-year forecast and reduced their dividend.

The large cosmetics company is encountering significant difficulties in China.

Jim Cramer from CNBC shares his reasons for monitoring Estee Lauder's stock closely. He believes there are important factors to consider regarding the company's performance. Cramer thinks it could be a significant investment opportunity.

Estee Lauder (EL) reported quarterly earnings of $0.14 per share, which is higher than the Zacks Consensus Estimate of $0.09 per share. This is an increase compared to earnings of $0.11 per share from the same period last year.

The high-end cosmetics brand cites a complicated market situation as the reason for not providing future predictions.

NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) announced a quarterly dividend of $0.35 per share for its Class A and Class B Common Stock on December 16, 2024. This is a decrease from the previous dividend of $0.66 per share. The company explained this decision in its press release regarding the first quarter results for fiscal 2025, citing challenges in the prestige beauty market.