NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) today announced the offering and pricing of $650.0 million aggregate principal amount of its 5.000% Senior Notes due 2034. The offering was made pursuant to an effective registration statement filed by The Estée Lauder Companies Inc. with the Securities and Exchange Commission on May 20, 2021. The closing of the offering is expected to occur on or about February 14, 2024. The Company intends to use the net proceeds of this offering for ...

As consumers increasingly expect brands to meet them where they are, be it online or in person, Estée Lauder is seeing rising demand for digital availability.Tracey Travis, the cosmetics company’s executive vice president and chief financial officer, noted on a call with analysts Monday (Feb. 5) discussing the brand’s second quarter fiscal 2024 financial results that, in North America, it saw a “softer performance” via digital channels, as it did in China. However, the beauty brand’s President and CEO Fabri ...

Thank you Rainey and hello to everyone. We appreciate you joining us today. From a geographic standpoint, organic net sales in our Europe, Middle East and Africa region declined 14%, mainly attributable to the persistent challenges in our Asia travel retail business. The impact from business disruptions in Israel and other parts of the Middle East accounted for a 2% reduction in the regionÂ's overall net sales growth. The markets in the region had mixed results, leading to overall flat growth across all mar ...

The Estee Lauder Companies Inc. (EL) reported second-quarter fiscal 2024 results, with the top and the bottom line declining year over year. Quarterly net sales and earnings surpassed the Zacks Consensus Estimate.Quarterly results were hurt by softness in the Asia travel retail and the prestige beauty across mainland China. Also, disruptions in Israel and other parts of the Middle East remained a concern. Taking into account global macroeconomic volatility, management narrowed its fiscal 2024 net sales rang ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Estée Lauder plans to cut 3% to 5% of its global workforce as the cosmetics giant expands an effort to shore up margins squeezed by Chinese customers cutting back on higher-priced luxury products, sending its shares up 14%.A boom following the lifting of pandemic curbs in China never materialized and recent results have indicated mixed luxury demand. While companies like LVMH and Richemont have posted strong sales growth, others like Burberry have flagged a sluggish rebound.The New York-based company witne ...

Cosmetics company Estee Lauder announced on Monday that it will cut up to 5% of its global workforce as part of a restructuring plan. The company, which employs about 62,000 people worldwide, said the layoffs will affect up to 3,000 positions.LAYOFFS SKYROCKETED IN 2024: HERE ARE THE COMPANIES AXING JOBS Estee Lauder said the cuts stem from a new restructuring program focused on "the reorganization and rightsizing of certain areas of the Company as well as the simplification and acceleration of processes." ...

For the quarter ended December 2023, Estee Lauder (EL) reported revenue of $4.28 billion, down 7.4% over the same period last year. EPS came in at $0.88, compared to $1.54 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.19 billion, representing a surprise of +2.10%. The company delivered an EPS surprise of +60.00%, with the consensus EPS estimate being $0.55.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Estee Lauder (NYSE:EL) announced this morning, in conjunction with its quarterly results, that it would be laying off between 3% and 5% of its staff in order to reduce its expenses. Along with the Estee Lauder layoffs, the firm provided much weaker-than-expected guidance for its current quarter and its current fiscal year. However, the firm’s quarterly results came in well above analysts’ average estimates.EL stock is climbing sharply on the news. More About the Estee Lauder LayoffsEL will eliminate up to 3 ...

The Estée Lauder Companies (including brands like Clinique, Bobbi Brown, Too Faced and Estée Lauder itself), announced its Q2 2024 financial results on February 5th.The none-too-pretty results included some grim sales figures and disappointing EPS for investors – but also hinted at a much more bare-bones rest of 2024, which may include yet more of the layoffs several companies have posted recently. A disappointing make-upCopy link to sectionThe company had a disappointing second quarter, with net sales of ...