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The Estee Lauder Companies (EL) Q3 2021 Earnings Call Transcript

The Estee Lauder Companies (EL) Q3 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. The Estee Lauder Companies (NYSE: EL) Q3 2021 Earnings Call Good day, everyone, and welcome to the Estee Lauder Companies fiscal 2021 third-quarter conference call. Today s call is being recorded and webcast. For opening remarks and introductions, I would like to turn the call over to the senior vice president of investor relations, Ms. Rainey Mancini. Please go ahead. Senior Vice President of Investor Relations Hello. On today s call are Fabrizio Freda, president and chief executive officer; and Tracey Travis, executive vice president and chief financial officer. Since many of our remarks today contain forward-looking statements, let me refer you to our press release and our reports filed on the SEC, where you will find factors that could cause actual results to differ materially from these forward-lookin

Estee Lauder Sales Fall Short Despite Hint of Travel Rebound

Estee Lauder Sales Fall Short Despite Hint of Travel Rebound Bloomberg 2 hrs ago Kim Bhasin (Bloomberg) Estee Lauder Cos. reported quarterly sales that came in short of analysts’ estimates despite early signs of travel bouncing back. Sales rose in every region but didn’t meet expectations, with demand for makeup still stifled as customers don’t see many occasions to wear cosmetics like lipstick. Global net sales for the fiscal third quarter ended March 31 rose 16% to $3.86 billion, or 13% excluding currency fluctuations, the company said Monday in a statement. © Bloomberg Estee Lauder s third-quarter net sales missed estimates Resurgences in Covid-19 cases also caused temporary shutdowns of stores in important markets including the U.K., Japan, Canada, France and Brazil. Consumer traffic to stores remains down globally compared to pre-pandemic levels, the company said.

Estee Lauder sales hit by lackluster demand for makeup

Estee Lauder sales hit by lackluster demand for makeup 03 May 2021 - 19:50 By Aditi Sebastian and Praveen Paramasivam Sales at Estee Lauder s skin care segment jumped 31%, while sales at its makeup segment fell 11%. Image: 123rf Estee Lauder Cos Inc missed analysts estimates for quarterly sales on Monday, as weak demand for its luxury foundations and lipsticks offset growth at the cosmetics maker s skincare brands, with people continuing to work from home. The company s shares, which touched a record high last week, fell nearly 7%. Sales of cosmetics and makeup products have taken a hit during the Covid-19 pandemic as shoppers stay at home, pressuring Estee Lauder s M.A.C and Bobbi Brown brands.

Estee Lauder suffers as lipstick sales dive in lockdown

Estee Lauder suffers as lipstick sales dive in lockdown Daily Mail City & Finance Reporter © Provided by This Is Money MailOnline logo Estee Lauder is still being battered by lockdowns, as lacklustre demand for cosmetics stifled the make-up business’s sales.  Demand for make-up was weak, it explained, as consumers have been stuck at home during Covid lockdowns – and when they have left the house, face masks have eliminated the point of wearing lipstick or lip gloss.  One bright spot for the company – which also owns the La Mer, Jo Malone London, Clinique, and Tom Ford Beauty brands – was China, which has recovered more quickly from the pandemic.

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