Estee Lauder Companies Inc (NYSE:EL, ETR:ELAA) expects “disappointing” sales and profit in fiscal 2025 as it continues to face challenges in Asia, the beauty company said on Monday. The company expects a “more tempered performance than the industry” for fiscal 2025, guiding global prestige beauty to grow 2% to 3%.
Estee Lauder's (EL) Q4 results reflect increased earnings and sales despite sluggishness in core business areas, especially mainland China, Asia travel retail and North America.
Shares of Estee Lauder Companies Inc (NYSE:EL) are brushing off a second-quarter results beat, down 1.3% at $93.73 at last glance, though paring sharper premarket losses.
Although the revenue and EPS for Estee Lauder (EL) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Estee Lauder (EL) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.07 per share a year ago.
Estee Lauder Companies Inc EL shares are trading slightly lower after the company reported its fourth-quarter results.
Estée Lauder expects fiscal 2025 adjusted earnings of between $2.75 and $2.95 a share, well below Wall Street expectations.
Estee Lauder Cos. stock was down 8.5% in premarket trading Monday after the hair- and makeup-products maker's outlook for fiscal 2025 came in below analyst estimates due partly to “persistent weak sentiment among Chinese consumers.
Estee Lauder Cos. EL, -0.18% said Monday a search for a new chief executive officer has already been launched and that current Chief Executive Fabrizio Freda plans to retire at the end of fiscal year 2025 after 16 years in the job.
Estee Lauder said on Monday CEO Fabrizio Freda had decided to retire from his role next year after leading the beauty and cosmetics giant for nearly 15 years.
The shares of Estee Lauder Companies Inc (NYSE:EL) are 0.7% lower at $94.51 at last look, after a bear note from BofA Global Securities.
The Estée Lauder Companies Inc. EL is expected to release earnings results for its fourth quarter, before the opening bell on Monday, Aug. 19.