Estee Lauder Set to Release Fiscal 2021 Third Quarter Results May 3rd
Estee Lauder will release 2021’s fiscal third quarter results on May 3rd (before the market opens). The conference call will be archived and available to listen at www.elcompanies.com/investors.
It’ll obviously discuss future prospects and recent corporate developments but also, predictions are Estée Lauder will announce $3.90 billion in sales for the current quarter. Obviously, this is a fairly good growth rate for EL as last year they were at 3.35 billion. Keep in mind Estee Lauder has been shedding brands like Becca not to mention last Summer they slashed up to 2,000 jobs. I’m still convinced as we head into August more bad news will break about potential brand’s being closed down be they part of the Estee Lauder family or not.
Estee Lauder recently brought out the final shares of Deciem which is a brand I’m sure contributes to good earnings for them especially during the pandemic when color cosmetics took a backseat and skincare flourished. Of course, this is a prediction only but all signs point to a positive year for Estee Lauder. The lipstick index may be down but sales are still looking good.
I’m eager to see how it pans out and we only have a short time before the info becomes public.
Do you think it was a good third quarter for Estee Lauder?
Which brands do you think contributed to their success?