Estèe Lauder – Glowing Performance

The management of Estee Lauder Companies Inc. (EL) must be glowing, to say the least, when it announced first quarter (1Q) financial results for the company’s 2014 fiscal year (FY14). The manufacturer of prestige beauty products kicked off the new year with better-than-expected earnings in the first quarter, and has thereafter brushed up its profit outlook for the remaining nine months as well.
Estee Lauder’s  per share earnings (EPS) for 1QFY14 bested both analyst estimates and company guidance. Even though EPS was three cents lower year-over-year (YoY) at $0.76, the announcement came as a positive surprise, given that the management had forecast per share earnings to fall in the range of $0.67 and $0.71, while consensus estimates for EPS were $0.73. Net sales for the quarter totaled $2.68 billion, in line with the company’s projections and 5% higher than the comparable year-ago period.
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Estee Lauder – Value That Is More Than Skin Deep

Estee Lauder Companies, Inc. (EL) has never looked better. Even though its topline grew only 5% in fiscal year 2013 (FY13) – it was a slow year in the US market, worsened by challenges in markets abroad – Lauder managed to grow its bottomline by a much wider 16%. With earnings expected to rise another 13% in FY14 (year started July 1, 2013), Bidness Etc thinks the stock looks appealing at current valuations. Here’s a look at why.

Company Profile

Estee Lauder is a leading manufacturer of makeup, prestige skin care and hair care products and fragrances, which it sells in over 150 countries through a multi-channel distribution model. The company is recognized globally for its brands, innovative products and personalized, high-touch customer service.

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Estée Lauder sales rise despite slowdown in core markets

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Estée Lauder reported a 6 per cent overall sales boost for the first fiscal quarter of 2014, despite a weakened performance in several key beauty markets including the US, southern Europe and South Korea. The New York-based company – maker of a namesake cosmetics line as well as brands including MAC, Aveda and Clinique – said global sales were $2.68bn for the September quarter, up from $2.55bn in the same quarter the previous year.

Quarterly profits were flat at $301.6m, or 76 cents a share, just beating analysts’ expectations. The company also raised its quarterly dividend by 11 per cent from 18 cents to 20 cents a share. Read more.

The Estée Lauder Companies First Quarter Sales Rise 6% in Local Currency

The Estée Lauder Companies Inc. (EL) today reported net sales for its first quarter ended September 30, 2013 of $2.68 billion, a 5% increase compared with $2.55 billion in the prior-year quarter. Excluding the impact of foreign currency translation, net sales increased 6%. Net earnings for the quarter were $300.7 million, compared with $299.5 million last year and diluted net earnings per common share were $.76, which was flat with the prior year.

The fiscal 2014 and 2013 first quarter results included charges associated with restructuring activities of $1.2 million and $0.4 million, respectively. Additionally, in the fiscal 2013 first quarter, the Company recorded a pre-tax charge of $19.1 million ($12.2 million after tax), for the extinguishment of debt, equal to $.03 per diluted common share. Read more.

The Estée Lauder Companies to Webcast Annual Stockholders’ Meeting

The Estée Lauder Companies Inc. (NYSE:EL) will hold its 2013 Annual Meeting of Stockholders on Tuesday, November 12, 2013. On that date, the Company will webcast the meeting live beginning at 10:00 am (ET). Those wishing to access the webcast can visit http://investors.elcompanies.com, the Company's website. The meeting will be archived on the site.

The Estée Lauder Companies Inc. is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company's products are sold in over 150 countries and territories under the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, M•A•C, Bobbi Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan, Aveda, Jo Malone, Bumble and bumble, Darphin,Michael Kors. Read more.

Estee Lauder – Value That is More Than Skin Deep

Estee Lauder’s stock has historically outperformed competitors. With 13% earnings growth expected for the next 12 months, better than its competitors, Bidness Etc rates Estée a buy.

Estee Lauder Companies, Inc. (EL) has never looked better. Even though its topline grew only 5% in fiscal year 2013 (FY13) – it was a slow year in the US market, worsened by challenges in markets abroad – Lauder managed to grow its bottomline by a much wider 16%. With earnings expected to rise another 13% in FY14 (year started July 1, 2013), Bidness Etc thinks the stock looks appealing at current valuations. Here’s a look at why. Read more.

 

The Estee Lauder Companies to Webcast Annual Stockholders’ Meeting

The Estée Lauder Companies Inc. (EL) will hold its 2013 Annual Meeting of Stockholders on Tuesday, November 12, 2013. On that date, the Company will webcast the meeting live beginning at 10:00 am (ET). 

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, M•A•C, Bobbi Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan. Read more.