Edition:
United States

Estee Lauder Companies Inc (EL.N)

EL.N on New York Stock Exchange

86.01USD
24 Mar 2017
Change (% chg)

$-0.51 (-0.59%)
Prev Close
$86.52
Open
$86.56
Day's High
$87.20
Day's Low
$85.33
Volume
481,920
Avg. Vol
525,244
52-wk High
$97.48
52-wk Low
$75.30

Latest Key Developments (Source: Significant Developments)

Estee Lauder says between Jan 1, 2017 and Feb 16, 2017, approved certain initiatives under leading beauty forward
Friday, 17 Feb 2017 01:34pm EST 

Estee Lauder Companies Inc : Estee lauder companies inc says between january 1, 2017 and february 16, 2017, company approved certain initiatives under leading beauty forward . Estee lauder -continued to approve initiatives to realign and optimize organization . Estee lauder -actions will result in net reduction of workforce, which includes position eliminations, re-leveling of certain positions .Estee lauder -once relevant accounting criteria have been met, company expects to record restructuring and other charges of approximately $72 million.  Full Article

The Estée Lauder companies to issue $1.5 bln of senior notes
Monday, 6 Feb 2017 06:30pm EST 

Estee Lauder Companies Inc : The Estée Lauder companies to issue $1.5 billion of senior notes . Estee Lauder Companies Inc - Offering and pricing of $500 million aggregate principal amount of its 1.80% senior notes due 2020 . Estee Lauder Companies Inc - Offering and pricing of $500 million aggregate principal amount of its 3.15% senior notes due 2027 . Estee Lauder Companies Inc - Offering and pricing of $500 million aggregate principal amount of its 4.15% senior notes due 2047 .Estee Lauder-To use proceeds of offering to repay outstanding commercial paper, to refinance $300 million principal amount notes due May 15, 2017.  Full Article

Estee Lauder Q2 adjusted earnings per share $1.22
Thursday, 2 Feb 2017 06:49am EST 

Estee Lauder Companies Inc : The Estée Lauder Companies reports fiscal 2017 second quarter results . Q2 sales $3.21 billion versus i/b/e/s view $3.25 billion . Q2 adjusted earnings per share $1.22 . Q2 earnings per share view $1.17 -- Thomson Reuters I/B/E/S . Q2 earnings per share $1.15 . Sees Q3 2017 earnings per share $0.65 to $0.70 excluding items . Sees Q3 2017 earnings per share $0.60 to $0.67 . Sees Q3 2017 sales up 5 to 6 percent . FY 2017 net sales are forecasted to increase between 4 percent and 5 percent versus prior-year period . FY 2017 net sales are forecasted to grow between 6 percent and 7 percent in constant currency . Estee Lauder Companies - expects to take charges associated with previously approved restructuring in fiscal 2017 of about $110 million to $130 million . Q3 net sales are forecasted to increase between 5% and 6% versus prior-year period . Q3 net sales are forecasted to grow between 7% and 8% in constant currency . Estee lauder -expects to take charges associated with previously approved restructuring and other activities in q3 of about $20 million to $30 million . Q3 earnings per share view $0.84, revenue view $2.90 billion -- Thomson Reuters I/B/E/S . Estee Lauder Companies Inc says negative currency impact on sales growth equates to about $.03 of earnings per share for Q3 . Estee Lauder Companies Inc - "We expect sales and profit growth to further accelerate in second half of our fiscal year".  Full Article

The Estée Lauder Companies to acquire Too Faced for about $1.45 bln
Monday, 14 Nov 2016 05:00pm EST 

Estee Lauder Companies Inc : Estée Lauder Companies Inc received financial advice from Evercore and Bnp Paribas . Estee lauder companies - John Demsey, executive group president, Estée Lauder Companies Inc., will add too faced to portfolio of brands that he oversees . The Estée Lauder Companies to acquire too faced . Estee Lauder Companies Inc - purchase price of approximately $1.45 billion . Too faced received financial advice from Goldman, Sachs & Co and Jefferies Llc .The Estée Lauder companies to acquire Too Faced.  Full Article

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

More From Around the Web

UPDATE 1-LVMH buys Maison Francis Kurkdjian stake in luxury perfume push

PARIS, March 20 French luxury goods company LVMH has agreed to buy a majority stake in French independent perfume house Maison Francis Kurkdjian as it expands in fast-growing niche luxury fragrances.