Estée Lauder Companies Stock News

Estee Lauder Companies Inc (NYSE:EL, ETR:ELAA) fell almost 17% after the cosmetics company issued a weak forecast for the fiscal third quarter and announced plans to reduce its headcount. The company, whose brands include Too Faced, Mac Cosmetics, and Aveda, guided adjusted earnings per share (EPS) for the current quarter to be between $0.20 and $0.30, significantly below analysts' expectations...

Consumer pullback around the world is leading Estée Lauder to cut thousands of jobs. The beauty brand released earnings Tuesday (Feb. 4) showing declining or flat sales in its markets around the globe, especially in Asia, where sales fell by double digits.

Estée Lauder (EL -14.44%) stock suffered a makeup malfunction on Tuesday. Shares of the cosmetics giant tumbled 18.3% through 11 a.m.

Shares in the Manhattan-based company, founded and controlled by New York's Lauder family, plunged as much as 18% after Estée Lauder said it will be cutting between 5,800 and 7,000 jobs.

The Estée Lauder Companies Inc. (NYSE:EL ) Q2 2025 Earnings Conference Call February 4, 2025 8:30 AM ET Company Participants Rainey Mancini - SVP of IR Stéphane de La Faverie - President and CEO Akhil Shrivastava - EVP and CFO Conference Call Participants Bryan Spillane - Bank of America Lauren Lieberman - Barclays Dana Telsey - Telsey Group Dara Mohsenian - Morgan Stanley Oliver Chen - TD Cowe...

Estee Lauder now intends to slash up to 7,000 positions from its workforce, the cosmetics company, known for brands like Mac and Clinique, announced Tuesday.

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 was slashing jobs as sales lagged.

Estée Lauder delivered earnings ahead of expectations, despite facing pressures in the Asia travel sector.