Shares in the Manhattan-based company, founded and controlled by New York's Lauder family, plunged as much as 18% after Estée Lauder said it will be cutting between 5,800 and 7,000 jobs.
The Estée Lauder Companies Inc. (NYSE:EL ) Q2 2025 Earnings Conference Call February 4, 2025 8:30 AM ET Company Participants Rainey Mancini - SVP of IR Stéphane de La Faverie - President and CEO Akhil Shrivastava - EVP and CFO Conference Call Participants Bryan Spillane - Bank of America Lauren Lieberman - Barclays Dana Telsey - Telsey Group Dara Mohsenian - Morgan Stanley Oliver Chen - TD Cowen Olivia Tong - Raymond James Operator Good day, and welcome to The Estée Lauder Companies Second Quarter Fiscal 2025 Earnings Release and Conference Call. [Operator Instructions] Please note this event is being recorded.
Estee Lauder now intends to slash up to 7,000 positions from its workforce, the cosmetics company, known for brands like Mac and Clinique, announced Tuesday.
The Estee Lauder Companies' Q2 results reflect lower earnings and sales amid challenges in China and travel retail. Management offers a disappointing Q3 view.
Estée Lauder (EL) shares tumbled 17% Tuesday to lead S&P 500 decliners as the beauty products maker reported a surprise quarterly loss and weak guidance, and announced it was slashing jobs as sales lagged.
Estée Lauder delivered earnings ahead of expectations, despite facing pressures in the Asia travel sector.
The headline numbers for Estee Lauder (EL) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Estee Lauder Companies Inc EL shares traded lower in premarket on Tuesday after the company reported second-quarter results.
Estee Lauder (EL) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.88 per share a year ago.
Estee Lauder on Tuesday expanded its restructuring plan that would include up to 7,000 job cuts and posted smaller-than-expected drop in second-quarter sales.
Estée Lauder, a name synonymous with luxury and beauty for nearly eight decades, is facing a critical moment. The company's upcoming earnings report on Tuesday looms large, a potential turning point for a Fortune 500 giant that has seen its market value plummet by over $100 billion in just three years.
Beyond analysts' top -and-bottom-line estimates for Estee Lauder (EL), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.