On Monday, Shares of Estee Lauder Companies Inc (NYSE:EL), lost -6.80% to $82.80.
Estee Lauder Companies Inc, stated financial results for its fourth quarter and fiscal year ended June 30, 2015. For the three months ended June 30, 2015, the Company stated net sales of $2.52 billion, contrast with $2.73 billion in the preceding-year period. The fiscal 2014 fourth quarter comprised of the effect of the accelerated retailer orders, described below, which created an unfavorable comparison with the fiscal 2015 fourth-quarter results. Adjusting for the impact of the accelerated orders, net sales in constant currency for the three months ended June 30, 2015 would have raised 7%, in line with the Company’s expectations, and grew in each of the Company’s geographic regions and product categories, except skin care.
The Company’s fourth quarter sales benefited from innovative new products and growth in emerging and developed markets. The Company generated strong gains in the U.S., after adjusting for the accelerated orders, and constant currency double-digit gains in the U.K. Double-digit constant currency enhances were generated in many European emerging markets, in addition to in Asia/Pacific. The Company stated net earnings of $153.0 million, contrast with $257.7 million last year. Diluted net earnings per common share were $.40, contrast with $.66 stated in the same preceding-year period. Adjusting for the impact of the accelerated orders, diluted net earnings per common share in constant currency for the three months ended June 30, 2015 would have raised 4%.
The Estée Lauder Companies Inc. manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company’s skin care products comprise moisturizers, serums, cleansers, toners, exfoliators, acne and oil correctors, sun care, and eye and body care products; and makeup products comprise of face, eye, lip, and nail products, in addition to related items, such as compacts, brushes, and other makeup tools.
Finally, American Express Company (NYSE:AXP), ended its last trade with 0.12% gain, and closed at $81.01.
American Express, declared the Artist in Residence Summit that culminates with the second cycle of the American Express UNSTAGED: Artists in Residence program, featuring music artists, BØRNS, Gavin James, Pia Mia and Rae Sremmurd. On August 20, all four artists will take the stage at the El Rey Theater in Los Angeles, California to perform for American Express® Card Members.
“American Express has a long heritage of supporting music artists on their creative journeys,” said Walter Frye, vice president, sponsorships and branded entertainment, American Express. “We are excited to continue the Artists in Residence program in 2015 by welcoming four incredibly talented artists BØRNS, Gavin James, Pia Mia and Rae Sremmurd to the American Express family. We’re assisting these artists connect with more fans, cultivate their craft and grow their personal brand, while also creating authentic, live and digital music experiences for fans around the world.”
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.
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