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Estée Lauder (NYSE: EL) stock suffered a makeup malfunction on Tuesday. Shares of the cosmetics giant tumbled 18.3% through 11 a.m. ET, despite beating forecasts for both sales and earnings in ...
Estée Lauder, which owns brands like Aveda, Clinique, La Mer, and Mac, reported a decline in organic sales of 5% and revenue of 4% to $3.36 billion, which essentially matched the consensus at $3. ...
For a long time, Freda’s strategy worked: In 2014, Estée Lauder’s sales in the Asia Pacific were $2.23 billion; years of blistering growth brought that total to a peak of $5.49 billion in 2021.
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The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American market by capitalization.
The Estée Lauder Companies Inc. (/ ˈ ɛ s t eɪ ˈ l ɔː d ər / EST-ay LAW-dər; stylized as ESTĒE LAUDER) is an American multinational cosmetics company, a manufacturer and marketer of makeup, skincare, perfume, and hair care products, based in Midtown Manhattan, New York City. It is the second largest cosmetics company in the world after ...
The company made a big bet on a fast-growing international market that has taken a turn for the worse.
Ultimately, the storied cosmetics company's stock closed in negative territory, but only marginally, while the equally well-established S&P 500 index sank by 0.9%. A post-earnings recommendation ...