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Estee Lauder Companies Inc (EL.N)

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Latest Key Developments (Source: Significant Developments)

Estee Lauder says entered into a senior unsecured credit agreement
Tuesday, 4 Oct 2016 04:05pm EDT 

Estee Lauder Companies Inc : Says entered into a senior unsecured credit agreement - SEC filing . Facility created by agreement replaced company's undrawn $1 billion revolving credit facility entered into on July 15, 2014 . Facility commenced on Oct 3, 2016, expires by its terms on October 3, 2021, unless extended for up to two additional years . Year revolving credit facility to co and eligible subsidiaries, in amount of $1.5 billion Source: (http://bit.ly/2dHEmwJ) Further company coverage: [EL.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Estee lauder companies announces GLAMGLOW leadership updates
Friday, 23 Sep 2016 08:30am EDT 

Estee Lauder Companies Inc : Paula Pontes will re-join co in role of Senior Vice president/global General Manager, GLAMGLOW, effective November 1, 2016 . Pontes will succeed Reinaldo Gonzalez .Effective Oct 15, 2016, Beth Dinardo will assume title of Global Brand President, Smashbox and GLAMGLOW.  Full Article

Estee Lauder Cos says sales in qtr declined in France due to drop in tourism - conf call
Friday, 19 Aug 2016 01:56pm EDT 

: Estee Lauder Cos Executive - Sales in quarter declined in France due to large drop in tourism and in Middle East because of continued economic uncertainty . Estee Lauder Cos Executive - Recent Brexit vote "added a layer of uncertainty that will most likely not be fully understood for some time" - conf call . Estee Lauder Cos Executive - Believe "risk of other economic and political disruptions will remain high as we start our new fiscal year" - conf call . Estee Lauder Cos Executive - Expect all product categories and regions to grow, led by the makeup category and the EMEA region in fiscal 2017 . Estee Lauder Cos Executive - Several of co's brands will accelerate their expansion in specialty multi-retailers and online - conf call . Estee Lauder Cos Executive - Middle East sales seen to fall in FY 2017 as distributors adjust inventories to reflect sluggish consumer spending - conf call Further company coverage: [EL.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Estee Lauder Companies Q4 earnings per share $0.25
Friday, 19 Aug 2016 06:45am EDT 

Estee Lauder Companies Inc : FY earnings per share view $3.53 -- Thomson Reuters I/B/E/S . The estée lauder companies delivers strong fiscal year 2016 results . Q4 earnings per share $0.25 . Q4 sales $2.65 billion versus i/b/e/s view $2.66 billion . Q4 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . Sees FY 2017 earnings per share $3.38 to $3.44 excluding items . Sees FY 2017 earnings per share $3.20 to $3.30 . Sees Q1 2017 earnings per share $0.65 to $0.71 . Sees FY 2017 sales up 6 to 7 percent . Global prestige beauty is expected to grow approximately two percentage points ahead of industry for fiscal year . In fiscal 2017 Q1, expect especially strong external headwinds when compared with previous year . Expects to take charges associated with previously approved restructuring activities in fiscal 2017 of about $80 million - $100 million . Expects to take further charges in fiscal 2017 as additional initiatives under leading beauty forward are approved . Q1 net sales are forecasted to increase between 1% and 2% versus prior-year period .Expects to take charges associated with previously approved restructuring activities in fiscal 2017 q1 of about $35 million to $45 million.  Full Article

Estee Lauder declares quarterly dividend of $.30 per share
Friday, 19 Aug 2016 06:30am EDT 

Estee Lauder Companies Inc : The Estée Lauder Companies Inc. declares quarterly dividend of $.30 per share .Will pay a quarterly dividend of $.30 per share on company's class A and class B common stock on September 15, 2016.  Full Article

J C Penney Co on conf call- from inventory standpoint, feel really good going into fall
Friday, 12 Aug 2016 10:15am EDT 

J C Penney Company Inc : CEO on conf call - opened 27 new Sephora locations in Q2, plan to open 4 more later this fall . CEO on conf call - have to pivot to less weather-sensitive categories . Expect sequential comp sales in back half of year to improve from first half . Expect to close on sale of corporate headquarters building later this year . CEO- over 50 percent of our online orders go through our stores . Ceo- had strength in apparel in Q2 . CFO- July usually clearance month for us, but clearance was down this July, "feel really good moving into Q3" . From inventory standpoint, feel really good whether it is apparel or non-apparel, going into fall . CEO- in the process of having mobile devices for check out, will be ready in next couple of weeks . CEO- if a Sears closes in a mall where we are, it is a net positive for us . Ceo on conf call - believe we can now open more Sephora locations than we previously anticipated . Ceo on conf call - will be adding Clinique to brands, will launch in a small number of locations . Ceo- customers spending on improving homes more than ever . Ceo- "we will not maintain any store or stategic entity that doesnt provide value to our customers and our strategic future" . Ceo- " I think the state of consumer really hasn't changed from last quarter".  Full Article

Aerin Lauder notified Estee Lauder of her decision not to stand for re-election
Friday, 15 Jul 2016 05:42pm EDT 

Estee Lauder Companies : On July 13, Aerin Lauder, member of board, notified co of her decision not to stand for re-election as a class II director .On July 14 Ronald S. Lauder was nominated by board to stand for election as a class II director - SEC filing.  Full Article

Estee Lauder approves initiatives to exit certain businesses in select markets
Wednesday, 15 Jun 2016 04:15pm EDT 

Estee Lauder Companies Inc : Approved initiatives in June 2016 to exit certain businesses in select markets and channels of distribution . Initiatives to result in expected sales returns and inventory write-offs - SEC filing . Since May 24, 2016 and through June 14, 2016, company approved certain initiatives under leading beauty forward . Initiatives are related to optimization of select corporate functions . Actions are expected to result in restructuring charges related to employee-related costs, contract terminations and other exit costs . Expects to record restructuring and other charges of approximately $100.2 million (before tax) in connection with initiatives Source: (http://1.usa.gov/1XXKWmz ) Further company coverage: [EL.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Estée Lauder Companies to issue $600 mln of senior notes
Thursday, 5 May 2016 05:26pm EDT 

Estee Lauder Companies Inc:The Estée Lauder Companies to issue $600 million of senior notes.Offering and pricing of $450 million aggregate principal amount of its 1.700% senior notes due 2021.Offering of 2045 notes is a reopening of 4.375% senior notes due 2045 issued on June 4, 2015.Offering and pricing of 150 million aggregate principal amount of its 4.375% senior notes due 2045.Following closing of offering, there will be $450 million of 2045 notes outstanding.  Full Article

Estee Lauder Companies Inc declares quarterly dividend of $0.30 per share
Tuesday, 3 May 2016 06:30am EDT 

Estee Lauder Companies Inc:Says will pay a quarterly dividend of $0.30 per share on Company's Class A and Class B common stock on June 15, 2016 to stockholders of record date on May 31, 2016.  Full Article

U.S. agency sues Estee Lauder Companies over parental leave policy

The U.S. Equal Employment Opportunity Commission filed a lawsuit on Wednesday accusing Estee Lauder Companies Inc of discriminating against men by giving them less paid parental leave than women.