EL Jun 2024 115.000 put
| Previous close | 0.8000 |
| Open | 0.7500 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 115.00 |
| Expiry date | 2024-06-21 |
| Day's range | 0.7500 - 0.8500 |
| Contract range | N/A |
| Volume | |
| Open interest | 530 |
StockStoryEstée Lauder (NYSE:EL) Posts Q1 Sales In Line With Estimates But Stock Drops
Beauty products company Estée Lauder (NYSE:EL) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 5% year on year to $3.94 billion. It made a non-GAAP profit of $0.97 per share, improving from its profit of $0.47 per share in the same quarter last year.
ReutersEstee Lauder lifts annual profit view on US, China demand recovery
Its shares still dropped 4% in premarket trading after the company forecast annual organic sales would fall more than previously estimated on persistent softness in mainland China's prestige beauty space and geopolitical volatility in some areas around the world. Estee expects full-year 2024 sales to fall 1% to 2%, compared with its previous forecast of a 1% decrease to a 1% increase. A pick-up in China demand after several quarters of weakness also underscored customer willingness to splurge on "affordable luxuries" such as fragrances and make-up products.
Business WireThe Estée Lauder Companies Reports Fiscal 2024 Third Quarter Results
NEW YORK, May 01, 2024--The Estée Lauder Companies Inc. (NYSE: EL) today reported net sales of $3.94 billion for its third quarter ended March 31, 2024, an increase of 5% from $3.75 billion in the prior-year period. Organic net sales increased 6% primarily due to double-digit growth in Europe, the Middle East & Africa ("EMEA"), driven by stronger sales in Asia travel retail. The growth in Asia travel retail was driven by higher shipments reflecting significant sequential improvement in retail sa
