The Estée Lauder Companies Inc.NYSE
Mon, Nov. 14, 6:35 PM
- Estee Lauder (NYSE:EL) agrees to acquire millennials-focused cosmetics company Too Faced from P-E firm General Atlantic for ~$1.45B, in its biggest-ever deal.
- EL says California-based Too Faced's 2016 sales will total more than $270M in 2016, representing a growth of more than 70% for the year; the deal will add products such as Better than Sex mascara and Melted Matte lipsticks that are popular among millennials.
- In praising the acquisition, KeyBanc analyst Jason Gere says EL "has a demonstrated history of success in driving scale of smaller, high-growth brands on its global platform.”
Wed, Nov. 2, 10:07 AM
- Estee Lauder (EL -3%) reports net sales rose 2% in FQ1 after excluding the impact of foreign currency translation.
- Revenue by geography: The Americas: $1.23B (-3%, -2% on a constant currency basis); EMEA: $1.04B (+3%, +7% on a constant currency basis); Asia/Pacific: $590M (+7%, +5% on a constant currency basis).
- Revenue by segment: Skin Care: $1.1B (-1%, flat on a constant currency basis); Makeup: $1.17B (flat, +1% on a constant currency basis); Fragrance: $442M (+7%, +10% on a constant currency basis); Hair Care: $136M (+1%, +1% on a constant currency basis); Other: $21M (+24%, +24% on a constant currency basis).
- Gross margin rate fell 40 bps to 79.2%.
- Adjusted operating margin rate slipped 30 bps to 15.7%.
- FQ2 Guidance: Net sales: +3% to +4% (+5% to +6% on a constant currency basis); Diluted EPS: $1.03 to $1.10; Adjusted EPS: $1.10 to $1.15.
- FY2017 Guidance: Net sales: +6% to +7% (+6% to +7% on a constant currency basis); Diluted EPS: $3.20 to $3.30; Adjusted EPS: $3.38 to $3.44.
Wed, Nov. 2, 6:48 AM
Wed, Nov. 2, 6:40 AM
Tue, Nov. 1, 5:30 PM
- ABC, ADP, AGN, ALKS, AMSC, ANTM, ARCC, ARCO, ASC, BABA, BAH, BDC, BG, BTE, CBB, CCJ, CDK, CDW, CEVA, CLH, CLX, CRL, CRTO, CSTE, DLPH, DNOW, DOC, EE, EL, EMES, FLWS, FUN, GLDD, GPT, HCN, HEP, HSIC, HST, HYH, INGR, INXN, IPI, JLL, KATE, MMP, MNTA, MVIS, NRZ, NS, NSM, NVMI, NWN, NYT, ODP, OMAM, ORBC, ORBK, OZM, PCRX, Q, SABR, SBGI, SE, SEP, SHOP, SJR, SNAK, SNR, SRE, STE, STWD, SUM, TEL, TGNA, TMHC, TOWR, TRP, TWX, VER, VMC, VOYA, VSI, WD, YELP, ZTS
Fri, Oct. 21, 8:30 AM
- Estée Lauder (NYSE:EL) announces it acquired makeup brand BECCA Cosmetics for an undisclosed amount.
- The acquisition is expected to close in November.
- The product line from BECCA Cosmetics includes primers, concealers, foundations, blushes and highlighters.
- “BECCA Cosmetics is a wonderful addition to our portfolio of prestige beauty brands,” says Estee Lauder CEO Fabrizio Freda.
- Source: Press Release
Thu, Oct. 13, 4:41 PM
- Following Piper Jaffray's annual "Taking Stock With Teens" survey, analyst Erinn Murphy upgrades Under Armour (NYSE:UA) to Overweight from Neutral, saying the findings show on-going traction for the company in the footwear and women's segments.
- The price target is boosted to $44 from $40 (today's close was $38.18).
- Also based on the survey results, Zumiez (NASDAQ:ZUMZ) is lifted to Overweight from Neutral, and Estee Lauder (NYSE:EL) is downgraded to Neutral from Overweight.
- UA +2.15%, ZUMZ +3.15%, EL -0.2% after hours
Sat, Sep. 17, 10:07 AM
- The IPO market gets a makeover next week with the public launch of e.l.f. Beauty (Pending:ELF). The company is selling 9.58M shares in an expected range of $14 to $16.
- The cosmetics brand is sold through e.l.f.'s website and is available at retailers such as Ulta Salon and Target, and CVS. The e.l.f. filing says the mass market cosmetics seller aims to take floor space from legacy brands (heads up AVP, EL, RDEN, REV). Wal-Mart (NYSE:WMT) is mentioned in the S-1, while Amazon is MIA.
- SEC S-1 dive: "We have major distribution whitespace, as we are currently in only approximately 19,000 national retail stores in the United States and believe there are thousands of additional stores available to us."
- The leading underwriters for the IPO are JPMorgan and Morgan Stanley, A lockup period of 180 days applies. TPG Growth holds a majority stake in e.l.f.
- What to watch: While consumer spending in the U.S. has been choppy, some analysts see demand in the lower-priced cosmetics category remaining strong. The spectacular run for Ulta Salon (NASDAQ:ULTA) over the last couple of years backs that trend and could be an indication of a long growth runway for e.l.f.
Fri, Aug. 19, 6:49 AM
Fri, Aug. 19, 6:36 AM
Thu, Aug. 18, 5:30 PM
Sun, Jul. 3, 2:50 PM
- via Barclays:
- "Although stocks in the U.S. and Europe have partially bounced back from the sharp selloff sparked by the U.K. referendum result, risks remain prevalent. [Analyst] Keith Parker foresees further equity downside alongside a prolonged market bottoming process, during which positioning is likely to turn much more defensive at active managers.
- "With this in mind, our stock screen this week highlights Overweight-rated stocks that screen defensively based on sector and equity beta but are also expected to generate superior ROE and free cash flows in FY1.
- "Our screen considers the following factors: i) Large-cap (US $5 billion+) stock in the consumer staples, utilities, telecom or healthcare sectors. ii) Adjusted beta less than 1.0. iii) Rated Overweight by Barclays equity research. iv) 15%+ ROE and 4.5%+ FCF yield expected in FY1, based on Barclays estimates."
- The stocks: Aetna (NYSE:AET), BT Group plc (NYSE:BT), Cardinal Health (NYSE:CAH), Coloplast (OTC:CLPBF, OTCPK:CLPBY), CVS (NYSE:CVS), Estee Lauder (NYSE:EL), Express Scripts (NASDAQ:ESRX), Glanbia (OTC:GLAPF, OTCPK:GLAPY), Grifols (NASDAQ:GRFS), Imperial Brands (OTCQX:IMBBY, OTCQX:ITYBF), Johnson & Johnson (NYSE:JNJ), Ahold (OTCQX:AHONY, OTCQX:AHODF, OTCQX:AHOND), LabCorp (NYSE:LH), Perrigo (NYSE:PRGO), Telus (NYSE:TU), Unilever (UL, UN), UnitedHealth Group (NYSE:UNH)
- See full table here.
Fri, May 6, 7:15 AM
- Estee Lauder (NYSE:EL) announces it will issue a $600M offering of senior notes.
- The offering is comprised of $450M of 1.700% senior notes due in 2021 and $150M of 4.375% Senior Notes due in 2045.
- The company says its will use the proceeds for a variety of purposes, including repayment of commercial paper, working capital, buybacks, and potential M&A.
Tue, May 3, 7:54 AM
- Estee Lauder (NYSE:EL) reports net sales rose 6% in FQ3 excluding the impact of foreign currency translation.
- Revenue by geography: The Americas: $1.112B (flat%, +2% on a constant currency basis); EMEA: $1.0.23B (+8%, +11% on a constant currency basis); Asia/Pacific: $521.5M (flat, +5% on a constant currency basis).
- Revenue by segment: Skin Care: $1.073B (-3%, flat on a constant currency basis); Makeup: $1.161B (+7%, +11% on a constant currency basis); Fragrance: $275.2M (+5%, +7% on a constant currency basis); Hair Care: $127.3M (+1%, +3% on a constant currency basis); Other: $19.8M (+100%, +100% on a constant currency basis).
- Gross margin rate improved 50 bps to 81%.
- Adjusted operating margin rate dropped 60 bps to 15%.
- FY2016 Guidance: Net sales: +4% to +5% (+7% to +8% on a constant currency basis); Diluted EPS: $3 to $3.07; Adjusted EPS: $3.09 to $3.14.
Tue, May 3, 6:52 AM
- Estée Lauder (NYSE:EL): FQ3 EPS of $0.73 beats by $0.12.
- Revenue of $2.66B (+3.1% Y/Y) in-line.
Tue, May 3, 6:50 AM
- Estée Lauder (NYSE:EL) declares $0.30/share quarterly dividend, in line with previous.
- Forward yield 1.24%
- Payable June 15; for shareholders of record May 31; ex-div May 26.