EssilorLuxottica and Roger Federer Extend Exclusive Global Eyewear Collaboration Between the RF Brand and Oliver Peoples Paris, France (3 April 2025) – EssilorLuxottica and Roger Federer announce today the renewal of their successful collaboration for the design, manufacture and worldwide distribution of eyewear under the Roger Federer (“RF”) and Oliver Peoples brands. The partnership, which lives at the intersection of luxury and performance eyewear, will now extend through December 31, 2027, building on t ...

NEW YORK, April 2, 2025 /PRNewswire/ -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against: ESTEE LAUDER COMPANIES INC. (NYSE: EL) Investors who purchased shares of Estee Lauder Companies Inc. (NYSE: EL) securities before August 18, 2022 and continue to hold any of those shares should contact [email protected] or call (212) 709-8245. Estee Lauder manufactures, markets, and sells skin care, makeup, fragrance, and hair care. The Estee Lau ...

EssilorLuxottica’s employee shareholding plans reach record investment, reflecting strong confidence in the Group’s strategy Today, the Group totals almost 100,000 internal shareholders in 85 countries Paris, France (2 April 2025) – EssilorLuxottica continues to grow and create value for shareholders. Following record-breaking investments in the SuperBoost 2025 international shareholding plan and the French PEE in 2024, internal shareholders now total 97,000 across 85 countries, up from 83,500 in 2024. In ...

The Estee Lauder Companies Inc. (EL) is undergoing a transformation aimed at recovering profitability and fueling long-term growth through its expanded Profit Recovery and Growth Plan (PRGP). Alongside PRGP, the company has introduced its "Beauty Reimagined" vision with a goal to position it as the leading prestige beauty brand.However, while these efforts hold promise, challenges persist, particularly in key markets like China and Asia travel retail, as well as in the form of increased cost pressure. As a ...

Group 1 - The article discusses the author's previous analysis of The Estée Lauder Companies Inc., highlighting that while it is a strong business, the stock was perceived as overvalued five years ago [1] - The focus of the analysis is on high-quality companies that can outperform the market over the long term due to competitive advantages and high levels of defensibility [1] - The author emphasizes a broad approach to company analysis, covering both large-cap and small-cap companies primarily in European and North American markets [1]

Core Points - As of March 12, 2025, EssilorLuxottica has a total of 457,507,201 shares outstanding [3] - The number of real voting rights, excluding treasury shares, is 456,594,030 [3] - The theoretical number of voting rights, including treasury shares, remains the same as the total shares outstanding at 457,507,201 [3] - Voting rights for any shareholder are capped at 31%, as per the company's by-laws [3]

Core Points - As of February 28, 2025, EssilorLuxottica has 457,507,201 shares outstanding and 456,589,616 real voting rights, excluding treasury shares [3] - The theoretical number of voting rights, including treasury shares, remains the same at 457,507,201 [3] - Voting rights for any shareholder are capped at 31%, as per the company's by-laws [3] Company Information - EssilorLuxottica is recognized as a global leader in the design, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses [2] - The disclosure is in compliance with the French Commercial Code and regulations from the Autorité des Marchés Financiers [2]

Core Points - EssilorLuxottica has filed its 2024 Universal Registration Document with the French market regulator, Autorité des Marchés Financiers (AMF) on March 10, 2025 [2] - The document is available in French and English, and can be downloaded for free from the company's corporate website [3] - The Universal Registration Document includes the Annual Financial Report, parent company financial statements, group consolidated financial statements, management report, vigilance plan, corporate governance report, sustainability report, statutory auditors' reports, and information on statutory auditors' fees [5]

Core Insights - The Estee Lauder Companies Inc. is implementing the expanded Profit Recovery and Growth Plan (PRGP) to address profitability challenges and drive future growth [2][3] - The company's "Beauty Reimagined" vision aims to enhance consumer reach, foster innovation, and increase digital investments, despite facing challenges in key markets like China and travel retail [1][3] Growth Initiatives - The PRGP has yielded greater net benefits than expected through the second quarter of fiscal 2025, but these were offset by sales volume deleverage and investments for sustainable growth [2] - The expanded PRGP includes a restructuring program aimed at transforming the operating model to achieve a solid double-digit adjusted operating margin in the coming years [2][3] Digital Expansion - The company is enhancing its online presence by launching nine brands in Amazon's U.S. Premium Beauty store and investing in digital marketing and e-commerce capabilities [5] - Integration of AI across the organization is being utilized for demand forecasting, production planning, and improving inventory management, which supports sustainable growth [5] Market Challenges - The company is experiencing significant challenges in key markets, particularly in Asia, where net sales in the region fell by 11%, driven by declines in Mainland China, Korea, and Hong Kong SAR [7] - The exit of Dr.Jart+ from the travel retail sector and political unrest in Korea have further exacerbated these challenges [7] Cost Management - Operating expenses increased by 500 basis points as a percentage of sales in the second quarter of fiscal 2025, with notable rises in advertising and selling expenses [8] - Rising costs, if not managed effectively, could significantly impact the company's profitability in the future [8] Future Outlook - The company anticipates continued volatility and limited visibility in the near term, projecting a decline in reported net sales by 10-12% year over year for the third quarter of fiscal 2025 [9] - Adjusted earnings per share are expected to drop by 69-79%, reflecting ongoing challenges in the global travel retail business [9][10]

Core Viewpoint - Estee Lauder's recent earnings report indicates a decline in both top and bottom lines due to challenges in the Asia-Pacific region, particularly in China and travel retail, leading to a disappointing outlook for the third quarter of fiscal 2025 [2][9]. Financial Performance - Adjusted earnings for the second quarter were 62 cents per share, surpassing the Zacks Consensus Estimate of 32 cents, but down 29% from 88 cents in the previous year [3]. - Quarterly net sales reached $4,004 million, exceeding the Zacks Consensus Estimate of $3,975.4 million, but reflecting a 6% year-over-year decline [3]. Segment Performance - Skin Care sales decreased by 12% year over year to $1,921 million, primarily due to weak consumer sentiment in China [4]. - Makeup revenues fell 1% to $1,150 million, impacted by declining sales of TOM FORD and other brands [4]. - Fragrance revenues increased by 1% to $744 million, driven by strong performance from Luxury Brands like Le Labo [4]. - Hair Care sales totaled $159 million, down 8% year over year, mainly due to Aveda's performance [4]. Regional Revenue Results - Sales in the Americas declined by 2% to $1,223 million [5]. - Revenues in the EMEA region fell by 6% to $1,494 million [5]. - Asia-Pacific sales tumbled by 11% to $1,287 million [5]. Margin Analysis - Adjusted gross margin increased by 310 basis points to 76.1%, driven by benefits from the Profit Recovery and Growth Plan [6]. - Adjusted operating margin decreased by 200 basis points to 11.5%, affected by sales volume deleverage [6]. Financial Health - The company ended the quarter with cash and cash equivalents of $2,586 million and long-term debt of $7,276 million [7]. - Net cash flow from operating activities for the six months ended December 31, 2024, was $387 million, with capital expenditures of $273 million [7]. Dividend Announcement - A quarterly dividend of 35 cents per share was announced, payable on March 17, 2025, to shareholders of record as of February 28, 2025 [8]. Future Outlook - For the third quarter of fiscal 2025, net sales are projected to decline by 10-12% year over year, with adjusted EPS expected to drop by 69-79%, ranging from 20 cents to 30 cents [9][10]. - The company anticipates moderate adjusted gross margin expansion, although offset by sales volume deleverage [11]. Estimate Trends - Recent estimates have shown a downward trend, with the consensus estimate shifting down by 52.83% [12]. Investment Scores - Estee Lauder currently holds a Growth Score of B but has a low Momentum Score of F, resulting in an aggregate VGM Score of D [13].