Are we heading towards recession? Lipstick sales may give a clue [Yahoo! Finance]
Estee Lauder Companies, Inc. (The) (EL)
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am
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Source: Yahoo! Finance
amidst an election year, economists may be looking to an unpredicted, but time tested economic indicator — lipstick. Originally coined in 2001 by cosmetic giant Estee Lauder, the Lipstick Index indicates how close the United States is to a recession by analyzing sales of lipstick and other cosmetics. While you may assume that small, non-essential purchases would decline in times of economic hardship, the Lipstick Index contributes data to the contrary. FDA allows first ever menthol e-cigarettes to be sold in US “Rather than buying a dress, rather than taking a nice, you know, long weekend, they were looking for sort of a quick pick me up that was inexpensive,” said Stephan Lewellen, an assistant professor of finance at Penn State Smeal College of Business describing the major, unpredicted uptick in lipstick sales Estee Lauder saw following the September 11 attacks, in the middle of a recession following the longest postwar expansion in U.S. history . “And so lipstick would be on
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News
- Estée Lauder Stock Climbs After China Unveils Economic Stimulus [Yahoo! Finance]Yahoo! Finance
- The history of Estée Lauder, one of the world's leading cosmetic brands, beginning with an $800 sale [FOX Business Network]FOX Business Network
- Typology And By Terry: The Rise Of Powerful Independents In The Beauty World [Forbes]Forbes
- 3 Stocks That Can Gain From China's Stimulus Plans [Yahoo! Finance]Yahoo! Finance
- Why Is Estée Lauder Stock Down 75%? [Forbes]Forbes
EL
Earnings
- 8/19/24 - Miss
EL
Sec Filings
- 9/19/24 - Form ARS
- 9/19/24 - Form DEFA14A
- 9/19/24 - Form DEF
- EL's page on the SEC website