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Estee Lauder Chairman Emeritus Leonard Lauder dies at 92

Estee Lauder said yesterday that its chairman emeritus, Leonard Lauder, died on Satuday at the age of 92.

Estee Lauder estimates a net reduction of 5,800 to 7,000 jobs by the end of fiscal 2026

Estee Lauder to cut up to 7,000 jobs

Estee Lauder has today expanded a restructuring plan under its new CEO that would now include up to 7,000 job cuts, while also forecasting third-quarter profit below estimates, blaming persistent demand weakness especially in Asia.

Business • 04 Feb

Estee Lauder has pulled back its 2025 sales and profit forecasts on reduced spending for its luxury makeup and fragrances in major markets - mainly China

Estee Lauder withdraws annual forecasts, cuts dividend

Estee Lauder has today pulled back its 2025 sales and profit forecasts on reduced spending for its luxury makeup and fragrances in major markets, mainly China, sending its shares tumbling 23% before the bell on Wall Street.

Business • 31 Oct 24

Canada Goose said it saw revenues in the US region decline nearly 11% as demand for high-end goods by affluent shoppers sag

Estee Lauder, Canada Goose cut annual targets

Estee Lauder and Canada Goose Holdings have today cut their annual forecasts as the luxury goods companies grapple with weak demand in high-growth market China.

Business • 01 Nov 23

Estee Lauder makes about 30% of its annual revenue from the Asia Pacific region

Estee Lauder forecasts weak annual profit

Estee Lauder has today projected annual sales and profit below estimates, signaling a slower-than-expected recovery in its travel retail business, mainly in Asia, and easing demand in the US.

Business • 18 Aug 23

Estee Lauder already sells Tom Ford beauty products and fragrances, but its latest deal has raised some eyebrows on Wall Street

Estee Lauder to buy fashion label Tom Ford for $2.8bn

Estee Lauder has agreed to buy US fashion label Tom Ford for $2.8 billion, its biggest deal yet, adding a line of beauty products and clothing to the Clinique brand owner's portfolio.

Business • 16 Nov 22

Consumers undeterred by inflation-induced steeper prices continue to spend on luxury skin care and fragrance

Coty beats revenue estimates on strong demand

Coty has today beaten Wall Street expectations for fourth-quarter revenue, as consumers undeterred by inflation-induced steeper prices splurge on luxury skin care and fragrance.

Business • 25 Aug 22

Lipstick fits the bill for those seeking a confidence boost without breaking the budget

'Lipstick effect' keeps beauty market's rebound alive

Americans are turning to cosmetics and fragrances to beat the inflation blues in a trend called "the lipstick effect" that could keep the beauty market's post-pandemic rebound alive and help quarterly sales for Estee Lauder and Coty.

Business • 18 Aug 22

Estee Lauder said net sales rose to $4.39 billion in the first quarter, from $3.56 billion a year ago

Estee Lauder cuts its annual sales forecast

Estee Lauder has today cut its full-year sales forecast, signaling a bigger hit to demand for its skincare and makeup products as the Delta variant brought in a line of fresh lockdowns in certain markets.

Business • 02 Nov 21

Estee Lauder has projected its net sales will increase between 13% and 16% in fiscal 2022

Estee Lauder gives glossy forecast as makeup demand up

Estee Lauder has today forecast fiscal 2022 net sales largely above estimates, encouraged by a rebound in demand for makeup products as people start venturing out following the easing of coronavirus curbs.

Business • 19 Aug 21

Estee Lauder got a boost from China's move to raise the annual tax-free shopping limit for tourists in the Hainan province

Estee Lauder tops estimates on China demand

Estee Lauder has today beaten analysts' estimates for quarterly results, benefiting from strong Chinese demand and a surge in online orders for its skincare products.

Business • 02 Nov 20

Estee Lauder said would cut about 1,500 to 2,000 jobs globally, including point of sale employees

Estee Lauder forecasts profit below expectations

Estee Lauder has today forecast first-quarter profit below Wall Street estimates after posting a bigger-than-expected quarterly loss as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium make-up brands.

Business • 20 Aug 20

Estee Lauder