Estee Lauder Q2 2021 earnings preview
$The Estee Lauder Companies Inc(EL.US)$ is an American multinational manufacturer and marketer of prestige skincare, makeup, fragrance, and hair care products, based in Midtown Manhattan, New York City.
In the year ahead, catalysts for rebuilding include premium skincare, e-commerce and channel mix, a robust innovation pipeline, advancing technologies, high demand in China and rising recovery in other Asia.
Operating margin of 20% was helped by cost savings, and a two-year Business Acceleration Program could lower costs more. Closing 10-15% of unproductive stores outside Asia and exiting some department stores may have a midterm benefit, though may drag on short-term gains as store openings remain tempered.
Estee Lauder gave 2Q guidance for a sales decline of 4-6% and EPS of $1.45-$1.60.
-Deborah Aitken，Bloomberg analyst
Click here to check out: Earnings Calendar for February.
Source: Bloomberg
Editor: Mia