Superior financial performances, conservative financial structure, long-term focus, but beware of governance risk Continue reading...
Gov. Andrew Cuomo laid out more specific guidelines about areas that could reopen in a couple of weeks.
John Thompson, President of Vesper Capital, joined Yahoo Finance's Jen Rogers, Myles Udland, Dan Roberts, and Melody Hahm to discuss the firm's UTRN ETF and its investment strategy.
Our hand-picked list of high-conviction names that compound shareholder value Continue reading...
On Mad Money Friday night, Jim Cramer spoke for the first time with Fabrizio Freda, CEO of The Estee Lauder Companies Inc. . Freda said consumer demand is driving Estee Lauder's growth and customers have found ways to buy their products online when they couldn't buy them in stores. When asked about China after their economy reopened, Freda explained that demand was strong, with recovery starting online and expanding out to brick and mortar retail.
Out of abundance of caution, and in line with its commitment to consumer satisfaction and safety, Becca Cosmetics is voluntarily recalling all shades of its Light Shifter Brightening Concealer because a brownish-black material identified as a common household mold was found on the sponge-tip applicator of some units. While this is unlikely to cause serious injury there is a potential risk of temporary skin and/or eye allergy and irritation. To date, no adverse reactions or injuries have been reported.
Estee Lauder (EL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Estée Lauder Companies shares rose in premarket trade Friday, after the cosmetics company beat earnings estimates for its fiscal third quarter, though it warned of pain ahead with retail stores likely to remain closed in the fourth quarter. The company swung to a loss of $6 million, or 2 cents a share, in the quarter, after earnings of $555 million, or $1.51 a share, in the year-earlier period. The loss was mostly due to a $346 million, or 83 cents a share, impairment charge across Too Faced, GLAMGLOW, BECCA, Smashbox and certain of its freestanding stores, caused by the impact of the coronavirus pandemic, which has shuttered stores around the world. Excluding that charge, the company had EPS of 85 cents, ahead of the 74 cents FactSet consensus. Sales rose 11% to $3.35 billion, also ahead of the $3.05 billion FactSet consensus. The company is expecting the fourth quarter to be hurt by continued stores closures and is not providing guidance. Shares have fallen 15% in the year to date, while the S&P 500 has fallen 10%.
Estee Lauder's (EL) third-quarter fiscal 2020 sales decline due to coronavirus-induced retail store closures.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Today we will run through one way of estimating the intrinsic value of The Estée Lauder Companies Inc. (NYSE:EL) by...
Shares of Estee Lauder Cos (NYSE:EL) fell 0.5% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share decreased 32.81% year over year to $0.86, which beat the estimate of $0.75.Revenue of $3,345,000,000 lower by 10.66% year over year, which beat the estimate of $3,060,000,000.Outlook Estee Lauder Cos hasn't issued any earnings guidance for the time being.Estee Lauder Cos hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 01, 2020View more earnings on ELTime: 12:00 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/el/mediaframe/37627/indexr.htmlRecent Stock Performance Company's 52-week high was at $220.4252-week low: $137.01Price action over last quarter: down 15.58%Company Description Estee Lauder is the world leader in the global prestige beauty market, participating across skincare (45% of 2019 sales), makeup (39%), fragrance (12%), and haircare (4%) categories, with popular brands such as Estee Lauder, Clinique, MAC, La Mer, Jo Malone, Aveda, Bobbi Brown, Too Faced, and Origins. The firm operates in 150 countries, with 32% of revenue stemming from the Americas, 43% from Europe, the Middle East and Africa, and 25% from Asia-Pacific. The company sells its products through department stores, travel retail, multi-brand specialty beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.See more from Benzinga * Colgate-Palmolive: Q1 Earnings Insights * Recap: Cameco Q1 Earnings * Recap: Aon Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cosmetics giant Estee Lauder swung to a fiscal-third-quarter loss on an 11% drop in sales due to the coronavirus pandemic.
EL earnings call for the period ending March 31, 2020.
Q3 2020 Estee Lauder Companies Inc Earnings Call
Cosmetics companies dealing with the fallout from the closure of department stores, airport duty free shops and beauty parlours due to COVID-19 led lockdowns have been ramping up their online business. Estee Lauder too has been tapping in on its massive online presence and saw a double-digit rise in global online sales as more consumers flocked to websites.
The Estée Lauder Companies Inc. (NYSE: EL) today reported net sales of $3.35 billion for its third quarter ended March 31, 2020, a decrease of 11% from $3.74 billion in the prior-year period. Excluding the impact of currency translation, net sales decreased 9%. The net sales decline was driven by retail store closures as a result of the global spread of COVID-19 that was partially offset by the inclusion of net sales from the Company’s recent acquisition of Have&Be Co. Ltd. ("Dr. Jart+"), which contributed approximately 2 percentage points to reported net sales growth.
Estee Lauder's (EL) third-quarter fiscal 2020 performance is likely to reflect impacts of store closures and reduced air travel due to coronavirus. However, online sales have been aiding.
Despite the havoc created by the Coronavirus pandemic, consumer staples companies look poised for gains from spiked demand for everyday essentials.
The Estée Lauder Companies Inc. (NYSE: EL) will participate in Bernstein’s 36th Annual Strategic Decisions Virtual Conference on Wednesday, May 27th, 2020. Fabrizio Freda, President and CEO, will discuss the Company’s business and strategies in a session scheduled at 9:00 a.m. EDT.