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Estee Lauder (EL) reported earnings 30 days ago. What's next for the stock?
The Estee Lauder Companies (EL) is on track to expand its reach across high-growth channels and push brands into new countries. However, persistent challenges in Mainland China hurt.
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.
Estée Lauder (EL) Q2 2024 Earnings Call Transcript
Estee Lauder's (EL) second-quarter fiscal 2024 results reflect lower net sales and earnings amid global macroeconomic volatility. Management lowers fiscal 2024 earnings view.
A near-14% jump in Estee Lauder Companies Inc (NYSE:EL, ETR:ELAA)'s share price after the cosmetics giant unveiled job cuts to shore up profitability on Monday was dubbed “overly optimistic” by Jefferies analysts. “We need to see improvement in China and travel retail to get off the sidelines,” the bank added, as it reiterated a ‘hold' rating for the firm in a note.
A boom following the lifting of pandemic curbs in China never materialized and recent results have indicated mixed luxury demand.
Cosmetics company Estee Lauder announced on Monday that it plans to cut up to 5% of its global workforce in a move that is expected to affect up to 3,000 jobs.
The headline numbers for Estee Lauder (EL) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.