Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $88.49 USD
Change Today -0.285 / -0.32%
Volume 585.9K
As of 2:38 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

estee lauder companies-cl a (EL) Key Developments

Estée Lauder Plans Debt Offering; Mulls Acquisitions

The Estée Lauder Companies Inc. (NYSE:EL) announced plans for a debt offering. The company intends to the net proceeds from the sale of any debt securities that may be offered hereby for general corporate purposes, which may include repayment of indebtedness, acquisitions, working capital, capital expenditures and repurchases of our Class A Common Stock.

the Estée Lauder Companies Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Provides Earnings Guidance for the Year Full year 2015

The Estée Lauder Companies Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company's net sales were $2,580.5 million compared to $2,549.8 million a year ago. Operating income was $397.2 million compared to $341.6 million a year ago. Earnings before income taxes was $385.1 million compared to $329.3 million a year ago. Net earnings attributable to the company was $272.1 million or $0.71 per diluted share compared to $213.2 million or $0.54 per diluted share a year ago. Excluding all charges, net earnings for the three months ended March 31, 2015 were $277.4 million, and diluted net earnings per common share rose 12% to $0.72, versus $0.64 in the prior-year period. For the nine moths, the company's net sales were $8,256.0 million compared to $8,243.5 million a year ago. Operating income was $1,378.0 million compared to $1,447.4 million a year ago. Earnings before income taxes was $1,341.5 million compared to $1,409.2 million a year ago. Net earnings attributable to the company was $935.9 million or $2.42 per diluted share compared to $946.4 million or $2.40 per diluted share a year ago. Net cash flows provided by operating activities was $1,385.0 million compared to $1,169.4 million a year ago. The improvement primarily reflected an increase in cash from certain working capital components, partially offset by lower net earnings. Capital expenditures was $279.8 million compared to $342.8 million a year ago. Excluding the impact of the shift in orders, the Venezuela remeasurement charges and restructuring adjustments, net sales and earnings per share in constant currency for the nine months ended March 31, 2015 would have increased 6% and 13%, respectively. Net sales in constant currency grew in each of the company’s geographic regions and product categories. For the full year 2015, the company also expects to leverage its strong sales growth and increase its cash flow from operations. Net sales are forecasted to grow between 3% and 4% in constant currency. Reflecting the strength of the U.S. dollar, foreign currency translation is expected to negatively impact sales by approximately 5% versus the prior-year period. The impact of the accelerated retailer orders is expected to reduce the fiscal 2015 full year sales by approximately 3%. Net sales excluding the effect of the accelerated retailer orders are forecasted to grow between 6% and 7% in constant currency. The company’s recent acquisitions are forecast to contribute approximately 30 basis points to the company’s overall sales growth. Acquisitions are estimated to dilute earnings per share by approximately $0.06, which is being offset entirely by strength in other areas of the business. Diluted net earnings per share, including the effect of the accelerated retailer orders, the charge related to the Venezuela remeasurement and the negative impact of foreign currency translation and acquisitions, are projected to be between $2.70 to $2.75. Diluted net earnings per share, excluding the effect of the accelerated retailer orders and the charge related to the Venezuela remeasurement, are projected to be between $2.92 to $2.97. This also reflects a higher negative impact of foreign currency translation and includes acquisition-related expenses. The approximate 5% negative currency impact on the sales growth equates to about $0.27 of earnings per share. On a constant currency basis and before the effect of the accelerated retailer orders, earnings per share is expected to grow between 8% to 10%.

The Estée Lauder Companies Inc. Declares Quarterly Dividend, Payable on June 15, 2015

The Estée Lauder Companies Inc. will pay a quarterly dividend of $0.24 per share on the Company’s Class A and Class B Common Stock on June 15, 2015 to stockholders of record at the close of business on May 29, 2015.

Too Faced Cosmetics Reportedly Up For Sale

According to the market sources, Too Faced Cosmetics, Inc. is up for sale and has entered the bidding process. The Estée Lauder Companies Inc. (NYSE:EL) and a number of private-equity players are reported to be bidders. The bids range between $450 million to $500 million. A spokeswoman at Lauder declined comment. A Too Faced spokeswoman also had no comment.

The Estée Lauder Companies Inc., Q2 2015 Earnings Call, Feb 05, 2015

The Estée Lauder Companies Inc., Q2 2015 Earnings Call, Feb 05, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
EL:US $88.48 USD -0.29

EL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Beiersdorf AG €83.67 EUR -0.54
Cie Financiere Richemont SA SFr.84.15 CHF -0.15
Hermes International €350.50 EUR -1.45
Kering €162.40 EUR 0.00
Luxottica Group SpA €61.15 EUR -0.45
View Industry Companies
 

Industry Analysis

EL

Industry Average

Valuation EL Industry Range
Price/Earnings 29.3x
Price/Sales 3.1x
Price/Book 8.9x
Price/Cash Flow 28.6x
TEV/Sales 2.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ESTEE LAUDER COMPANIES-CL A, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.