Tag: $Estee Lauder

Estée Lauder (EL) said in a regulatory filing on Tuesday it now expects cumulative restructuring and other charges of about $1.748B before tax under its Profit Recovery and Growth Plan.

An Estee Lauder with Jean Paul Gaultier-owner Puig failed to go through because of the ​price tag, Stephane de La Faverie, President ‌and CEO of the U.S. cosmetics maker said on Tuesday, but added the company was still open to acquisitions ​if they made financial sense.

Estée Lauder’s shares were up almost 10% in premarket trading after talks over a potential merger with Spanish beauty group Puig were “terminated.”

Estee ​Lauder on Friday ​raised its annual profit forecast and laid out plans to cut up to 3,000 more jobs globally as it accelerates a broad restructuring plan, sending its shares ⁠up ‌about 11% in premarket trading.

Shares of Puig Brands soared as much as 15% Tuesday after beauty peer Estée Lauder confirmed the companies are in talks about a potential merger.

Estee Lauder (NYSE: EL) reported fourth quarter EPS of $0.09, better than the analyst estimate of $0.08. Revenue for the quarter came in at $3.41B versus the consensus estimate of $3.39B.

Estée Lauder Cos. said it plans to eliminate between 5,800 to 7,000 positions in a corporate restructuring meant to return the flagging company to sales growth under its new chief executive officer.

Estee Lauder pulled back its 2025 sales and profit forecasts on Thursday on weak demand for its luxury makeup and fragrances in China, sending its shares down 15% before the bell.

Estée Lauder stock was falling Monday after the cosmetics giant provided financial guidance below expectations on continued weakness in China.

Estee Lauder has taken full ownership of Deciem Beauty Group, shelling out $860 million for the remaining 24% stake in the owner of The Ordinary beauty brand.

Estee Lauder lowered its annual organic sales estimate on persistent softness in Mainland China’s prestige beauty space, even as a demand rebound in the U.S. and Asia-Pacific markets drove a profit forecast raise.

Shares of Ulta Beauty tumbled as much as 14.5% on Wednesday after executives flagged a slowdown in demand across categories in the first quarter and stiff competition, weighing on peers elf Beauty, Coty and Estee Lauder.

Estée Lauder Cos. soared after saying it’s cutting as many as 3,000 positions as part of a restructuring plan to put one of the world’s largest beauty companies back on track.

Estée Lauder stock was falling sharply Wednesday after the cosmetics company cut its fiscal-year outlook as headwinds in China are expected to persist.

Estee Lauder projected annual net sales and profit below estimates on Friday, signaling a slower-than-expected recovery in its travel retail business, mainly in Asia, and easing demand in the United States, sending its shares down about 5% in premarket trade.