JPMorgan Reiterates Overweight Rating on Estee Lauder (EL)
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August 19, 2024 6:45 AM EDT
Net Sales Decreased 2% and Diluted EPS Declined 61% to $1.08
Organic Net Sales1 Decreased 2% and Adjusted Diluted EPS Declined 25% to $2.59
Organic Net Sales Returned to Growth in the Second Half and
Full Year Adjusted Operating Margin and Adjusted Diluted EPS Exceeded Outlook
Expects Improved Performance Across Most Business Areas Partially Offset by
Continued Soft Consumer Sentiment in China in Fiscal 2025
NEW YORK--(BUSINESS... More
August 19, 2024 6:45 AM EDT
NEW YORK--(BUSINESS... More
August 19, 2024 6:30 AM EDT
BOARD OF DIRECTORS IS WELL ADVANCED IN CEO SUCCESSION PROCESS
NEW YORK--(BUSINESS WIRE)--
The Estée Lauder Companies Inc. (NYSE: EL) today announced that Fabrizio Freda has informed the Board of Directors of his intention to retire at the end of fiscal year 2025. The Board is well advanced in its long-established CEO succession planning process whereby the Board has considered many highly qualified internal and external candidates. Until his successor is appointed, Mr. Freda will continue to lead and oversee the Companys strategic, financial and investment... More
August 16, 2024 6:00 AM EDT
The performance-driven skincare brand engineered for men expands its consumer reach through the U.S. Amazon Premium Beauty store
NEW YORK--(BUSINESS WIRE)--
Lab Series, a brand based on an advanced expertise in men's skin, announces its debut in the U.S. Amazon Premium Beauty store, providing broader access to its... More
