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Top related persons:
Lauder - 2 Tracey Travis - 2 Estée Lauder - 1 Estee Lauder - 1 It's - 1 Shannon Stapleton - 1 Bernstein - 1 Callum Elliott - 1
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Estée - 1 Black Heritage - 1 Nordstrom - 1 REUTERS - 1 L'Oreal - 1 U.S . - 1 Asia Pacific - 1 Thomson - 1

Search resuls for: "Tracey Travis"


5 mentions found


☆ Estée Lauder CFO celebrates Black Heritage
  + stars: | 2024-02-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEstée Lauder CFO celebrates Black HeritageFor Black Heritage Month, The Estée Lauder Companies EVP & CFO Tracey Travis says invest in being well prepared & always be a constant learner.
Persons: Estée Lauder, Lauder, Tracey Travis Organizations: Estée, Black Heritage
☆ Estee Lauder sees weak annual profit on slow recovery in Asia travel retail
  + stars: | 2023-08-18 | by ( Granth Vanaik Ananya Mariam Rajesh | Granth Vanaik | Ananya Mariam Rajesh | ) www.reuters.com   time to read: +2 min
Aug 18 (Reuters) - Estee Lauder (EL.N) forecast annual sales and profit below estimates on Friday, indicating a slower-than-expected rebound in its travel retail business, mainly in Asia, and waning demand in the United States, sending its shares down about 3%. Analysts note that the drop in consumer demand in China and a slow recovery in Asia travel retail - sales made at airports or travel destinations like Korea and China's Hainan - could impact luxury companies like Estee, which makes about 30% of its annual revenue from the Asia Pacific region. "De-stocking and inventory levels in Asian Travel Retail… likely to remain the biggest headwind to growth over the next few quarters," said Bernstein analyst Callum Elliott. Estee expects full-year sales to rise between 5% and 7%, compared with an estimated 8.8% increase, according to Refinitiv data. It sees annual adjusted profit to be between $3.50 and $3.75 per share, compared with an expectation of $4.83.
Persons: Estee Lauder, It's, Tracey Travis, Lauder, Shannon Stapleton, Bernstein, Callum Elliott, Estee, Granth Vanaik, Ananya Mariam Rajesh, Pooja Desai Organizations: Reuters, Nordstrom, REUTERS, L'Oreal, U.S ., Asia Pacific, Thomson Locations: Asia, United States, China, Korea, Hainan, Asia Pacific, New York, U.S, Americas, Mainland China, Bengaluru
☆ Starbucks, Estée Lauder, Qualcomm: Global companies warn of slower-than-expected recovery in China
  + stars: | 2023-05-11 | by ( Michelle Toh | ) edition.cnn.com   time to read: +6 min
Starbucks (SBUX) and Qualcomm (QCOM) have also flagged uncertainties related to the country, which is a top market for both. Beijing abandoned its zero-Covid policy in December and scrapped longstanding quarantine requirements for international arrivals in January, ending restrictions that had isolated its economy. The welcomed, if abrupt, policy U-turn led to hopes that China could help propel global growth as it had before the pandemic. The idea was that as soon as the zero-Covid policy would be over, the Chinese households and consumers would just go berserk. Starbucks warned last Tuesday that sales growth in China was starting to cool — and likely would continue that trajectory over the next six months.
☆ Estee Lauder sinks after dour 2023 view on slow recovery in Asia
  + stars: | 2023-05-03 | by ( Ananya Mariam Rajesh | Thomson Reuters | Ananya Reports On The U.S. Consumer | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Co expects annual net sales to fall 10% to 12%Expects annual adj. Barclays analyst Lauren Lieberman said in a note Estee's profit forecast was the "last thing" expected even by the Street. Even though China relaxed pandemic-related restrictions, the company saw January 2023 pressured by retailers destocking due to an increase in COVID-19 cases. Estee expects full-year 2023 net sales to fall between 10% and 12%, compared with its prior forecast of a 5% and 7% decrease. It also forecast adjusted profit per share to fall between 50% and 51%, compared with a 27% to 29% decrease it expected earlier.
☆ Estee Lauder sinks after dour 2023 outlook due to slow recovery in Asia
  + stars: | 2023-05-03 | by ( Ananya Mariam Rajesh Katherine Masters | Ananya Mariam Rajesh | Katherine Masters | ) www.reuters.com   time to read: +3 min
Shares of the company hit a six-month low of $190.30 during trading hours after Estee Lauder slashed its fiscal-year forecasts for a third time. Estee expects full-year 2023 net sales to fall between 10% and 12%, compared with its prior forecast of a 5% to 7% decrease. Even though China relaxed pandemic-related restrictions, the company saw January 2023 pressured by retailers destocking due to an increase in COVID-19 cases. Estee has also been challenged by the growth of smaller competitors in the beauty space, according to Travis. Estee forecast adjusted per-share profit to fall by 50% to 51%, compared with a 27% to 29% decrease it expected earlier.
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