Cosmetics giant Estée Lauder Estee Lauder announced a major restructuring plan on Tuesday that includes slashing up to 7,000 jobs as the company grapples with persistent demand weakness — sending its shares spiraling nearly 20%.The Manhattan-based company, founded and controlled by New York’s Lauder family, said it will cut about 10% of its workforce as part of the expanded turnaround plan under new CEO Stéphane de La Faverie, who took over on Jan. 1.The company now expects third-quarter profit to come well ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14064 The Estée Lauder Companies Inc. ...

Estee Lauder announced on Tuesday that it plans to slash up to 7,000 positions from its workforce.  The cosmetics company said it will eliminate a net of 5,800 to 7,000 roles as it unveiled an updated "profit recovery and growth plan" and released its second-quarter financial results on Tuesday.The number of affected positions, up from the up to 3,000 positions it detailed last year, "takes into account the elimination of positions after retraining and redeployment of certain employees in select areas," Est ...

The Estee Lauder Companies Inc.’s (EL) shares plunged 5.7% in the pre-market session on Tuesday after reporting second-quarter fiscal 2025 results. The company's top and bottom lines declined year over year amid persistent challenges across China and travel retail. Due to challenges across its Asia travel retail business, weak consumer sentiment in China and Korea, and ongoing global geopolitical uncertainty, the company expects continued volatility and limited visibility in the near term. As a result, the ...

Key TakeawaysEstée Lauder reported a surprise loss and warned about current-quarter results as sales declined.The cosmetics company was especially impacted by slowing demand in China and the rest of the Asia-Pacific region.Estée Lauder announced a restructuring, making changes in the executive suite and planning to cut 5,800 to 7,000 jobs. 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 ...

Estée Lauder delivered earnings ahead of expectations, despite facing pressures in the Asia travel sector.Estée Lauder Companies (EL -18.39%), a global leader in beauty products, reported its fiscal 2025 second-quarter earnings on Feb. 4. The company exceeded analysts' predictions, achieving an adjusted earnings per share (EPS) of $0.62 versus the expected $0.32, marking a substantial $0.30 or 93.8% outperformance. Revenue was slightly above estimates, recording $4 billion against the anticipated $3.977 bil ...

For the quarter ended December 2024, Estee Lauder (EL) reported revenue of $4 billion, down 6.4% over the same period last year. EPS came in at $0.62, compared to $0.88 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.98 billion, representing a surprise of +0.72%. The company delivered an EPS surprise of +93.75%, with the consensus EPS estimate being $0.32.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Estee Lauder Companies Inc EL shares traded lower in premarket on Tuesday after the company reported second-quarter results.The company reported a second-quarter sales decline of 6% year-on-year to $4 billion, beating the analyst consensus estimate of $3.97 billion. Organic net sales decreased 6%.Net sales in the Americas dropped 2%. Sales in Europe, Middle East & Africa declined 6%, and Asia/Pacific plunged 11%. Net sales from Skin Care plunged 12%, Makeup decreased 1%, Fragrance grew 1%, and Hair Care dec ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 93.75%. A quarter ago, it was expected that this beauty products company would post earnings of $0.09 per share when it actually produced earnings of $0.14, delivering a surprise of 55.56%.Over the last four quarters, t ...

Exhibit 99.1 Investors: Rainey Mancini rmancini@estee.com Media: Jill Marvin jimarvin@estee.com THE ESTÉE LAUDER COMPANIES REPORTS FISCAL 2025 SECOND QUARTER RESULTS Launches Beauty Reimagined, a Strategic Vision to Restore Sustainable Sales Growth and Achieve Stronger Profitability Expands the Profit Recovery and Growth Plan to Enable the Vision New York, February 4, 2025 - The Estée Lauder Companies Inc. (NYSE: EL) today launched Beauty Reimagined, its new strategic vision, and reported its financial resu ...