L'Oréal Stock Declines After Beauty Market Guidance Downgrade [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
reportedly told investors he foresees the worldwide beauty market's sales increasing this year between 4.5 percent and 5 percent, rather than 5 percent as earlier forecast. The guidance's downgrade from the maker of Lancôme , Kiehl's and Garnier products came following ongoing market volatility in China and a slightly negative 6.18 shopping festival there. More from WWD Diptyque Makes Top Executive Changes EXCLUSIVE: Estée Lauder's New Skin Care Retail Concept Combines Luxury and Science Top Beauty Looks From Days One and Two of the Fall 2024 Couture Season At 12:30 p.m. CET Friday, L'Oréal stock was trading down 2.7 percent at 411.25 euros. Since the start of the year, the company's share price has declined 8.6 percent. “We see a need for a rethink of lofty market growth expectations, not just in the short-term, with resultant downside risk to OR consensus growth and its premium valuation,” wrote Molly Wylenzek, equity analyst at Jefferies, in a note. She added it is
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EL
Earnings
- 5/1/24 - Beat
EL
Sec Filings
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- EL's page on the SEC website