estee lauder companies-cl a (EL) Key Developments
The Estée Lauder Companies Inc. Ratifies the Appointment of KPMG LLP as Independent Auditors
Nov 13 13
The Estée Lauder Companies Inc. announced that its annual stockholders' meeting was held on November 12, 2013. The company's stockholders ratified the appointment of KPMG LLP as independent auditors for the current fiscal year.
Estée Lauder Reportedly In Talks To Acquire butter LONDON
Nov 12 13
The Estée Lauder Companies Inc. (NYSE:EL) is reportedly in early talks to acquire butter LONDON, LLC. Lauder executives declined to comment. Meanwhile at Butter London in Seattle, Freytag said, “With small companies like ours, there always seems to be rumors. At this point, we don’t have any comment.”
The Estée Lauder Companies Inc. - Shareholder/Analyst Call
Nov 5 13
Annual meeting of stockholders
The Estée Lauder Companies Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2013; Provides Earnings Guidance for the Second Quarter and Full Year Fiscal 2014
Oct 31 13
The Estée Lauder Companies Inc. reported unaudited consolidated earnings results for the first quarter ended September 30, 2013. For the quarter, the company reported net sales of $2,675.0 million compared to $2,549.5 million a year ago. Operating income was $449.5 million compared to $482.0 million a year ago. Earnings before income taxes were $436.0 million compared to $448.9 million a year ago. Net earnings attributable to the company were $300.7 million or $0.76 diluted per share compared to $299.5 million or $0.76 diluted per share a year ago. Net cash flows provided by operating activities were $29.9 million compared to net cash used in operating activities of $125.2 million a year ago. Capital expenditures were $85.7 million compared to $95.5 million a year ago.
For the second quarter fiscal 2014, the company expects net sales are forecasted to grow between 3% and 5% in constant currency. Diluted net earnings per share are projected to be between $0.99 and $1.04. Adjusting for the shift, sales growth for the fiscal 2014 second quarter is expected to be between 6% and 8% in local currency.
For the full year fiscal 2014, net sales are forecasted to grow between 6% and 8% in constant currency. Diluted net earnings per share are now projected to be $2.80 to $2.87, increasing the mid-point of the range. The 1% to 2% negative currency impact on the sales growth equates to about $0.07 of earnings per share.
The Estée Lauder Companies Inc. Increases Quarterly Dividend, Payable on December 16, 2013
Oct 31 13
The Estée Lauder Companies Inc. announced an increase in the quarterly dividend on the Company's Class A and Class B Common Stock to $0.20 per share. The dividend amount represents an 11% increase over the previous quarterly rate of $0.18 per share. The $0.20 per share quarterly dividend will be payable on December 16, 2013 to stockholders of record at the close of business on November 29, 2013.