Tue, Aug. 18, 7:06 AM
- Telsey upgrades Estee Lauder (NYSE:EL) to an Outperform rating after having the company set at Market Perform.
- The investment firm is jumping in on the personal care manufacturer on a valuation play after Estee Lauder shares fell 6.8% following earnings.
- Previously: Estée Lauder beats by $0.06, misses on revenue (Aug. 17 2015)
- Previously: More on Estee Lauder's FQ4 (Aug. 17 2015)
Mon, Aug. 17, 8:06 AM
- Estee Lauder (NYSE:EL) reports net sales rose 7% on a constant currency basis in FQ4.
- Revenue by geography: The Americas: -1% to $1.09B; EMEA: -13% to $982.4M; Asia/Pacific: -7% to $454.3M.
- Revenue by segment: Skin Care -16% to $1.01B; Makeup -4% to $1.02B; Fragrance +9% to $336.1M; Hair Care +4% to $139.8M; Other +6% to $12M.
- Gross margin rate increased 30 bps to 80.7%.
- Adjusted operating margin rate fell 80 bps to 9.1%.
- FQ1 2016 Guidance: Net sales: +13% to +14% (on a constant currency basis); Diluted EPS: $0.66 to $0.69.
- FY2016 Guidance: Net sales: +8% to +10% (on a constant currency basis); Diluted EPS: $3.10 to $3.17.
Mon, Aug. 17, 7:35 AM
Mon, Aug. 17, 7:18 AM
Sun, Aug. 16, 5:30 PM
Tue, Jun. 16, 9:56 AM
- Coty (COTY +14.7%) pops after reports indicate the company landed Procter & Gamble's (PG +1.2%) beauty product assets.
- Final details on the deal aren't expected to be disclosed for another two weeks, according to sources.
- Early analysis on Coty's aggressive play is favorable with some industry watchers noting the company will gain a pricing edge and operating efficiency at scale through the acquisition.
- Indications are that the deal will be structured as a Reverse Morris Trust where P&G will spin off the assets into a new entity that will absorb Coty.
- Shares of Elizabeth Arden (RDEN +1.5%), Inter Parfums (IPAR +0.8%), and Estee Lauder (EL +1.2%) are also active on the day off the consolidation move in the sector.
- Previously: P&G assets on the block (Jun. 09 2015)
- Previously: Report: Coty acquires beauty product lines from P&G for $12B (Jun. 15 2015)
Fri, May 15, 8:02 AM
- A former top scientist for Estee Lauder (NYSE:EL) is turning into a potential threat to the company with a plan to launch rival brands.
- Jules Zecchino has launched Skyler Brand Ventures as a beauty incubator to develop cheaper versions of common products.
- "We are trying to replicate the Estée Lauder corporate structure," says Zecchino about the brand organization at the firm.
- The Zecchino name and cut-rate pricing could catch the attention of the market, observe beauty industry watchers.
- Products from Skyler will be offered online without celebrity endorsements.
Tue, May 5, 8:56 AM
- Estee Lauder (NYSE:EL) reports net sales rose 8% on a constant currency basis in FQ3.
- The Americas revenue grew 4% to $1.11B.
- Segment revenue growth: Skin Care -3% to $1.10B; Makeup +7% to $1.08B; Fragrance -3% to $263.2M; Hair Care +4% to $125.6M.
- Gross margin +10 bps to 80.5%.
- Operating margin +200 bps to 15.4%.
- Adjusted operating margin +70 bps to 15.6%.
- FY2015 Guidance: Net sales: +6% to +7% (on a constant currency basis); Adjusted EPS: $2.92 to $2.97; GAAP EPS: $2.70 to $2.75.
- EL +5.34% premarket
Tue, May 5, 7:40 AM
Tue, May 5, 7:40 AM
Mon, May 4, 5:30 PM
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Wed, Apr. 15, 1:13 PM
- Piper Jaffray corralled over 6K teenagers to take a pulse on the consumer spending trends of the demographic.
- The group had a slightly higher rate of part-time employment than a year ago and continued to show a strong preference for online shopping.
- Standouts brands with teenagers include Lululemon (NASDAQ:LULU), MAC Cosmetics (NYSE:EL), Victoria's Secret (NYSE:LB), Nike (NYSE:NKE), Ralph Lauren (NYSE:RL), Urban Outfitters (NASDAQ:URBN), privately-held Forever 21, and Michael Kors (NYSE:KORS).
- Vineyard Vines continues to be a teen favorite as it slices off a larger piece of the teen spending pie. The privately-held company is up to 48 stores and 97 retail locations.
- Department store chains didn't resonate particularly with the teenager crowd in the Piper survey.
Wed, Mar. 25, 7:10 AM
Tue, Mar. 24, 6:56 AM
- Estee Lauder (NYSE:EL) is upgraded by Wells Fargo to an Outperform rating.
- The investment firm sets a $90 to $92 price target range on shares.
- Previously: Beauty product stocks stage mini-rally amid F/X headaches (Mar. 23 2015)
- EL +0.53% premarket to $83.32.
Mon, Mar. 23, 10:36 AM
- Personal care stocks are in favor in early action.
- The sector has been one of the hardest hit this year from the impact of the strong U.S. dollar.
- Beauty product companies on the move today include Nu Skin (NUS +5.1%), Coty (COTY +3.3%), Avon Products (AVP +2.8%), Revlon (REV +1.4%), Estee Lauder (EL +0.3%), and Elizabeth Arden (RDEN +2.6%).
Fri, Mar. 20, 12:54 PM
- The beauty industry saw a 4% drop in shoppers last year, according to data from NPD Group.
- The research firm found that half of all beauty product shoppers focus on items on sale when making their purchasing decisions.
- Makeup and fragrance products are the categories most likely to benefit from extra discretionary income, notes NDP.
- Related stocks: RDEN, REV, IPAR, AVP, EL, SBH, ULTA, OTCPK:LRLCY.
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