Why Did Estée Lauder Stock Fall 25%?
Estée Lauder(EL) Forbes·2024-11-06 19:00
KUALA LUMPUR, MALAYSIA - 2024/10/03: A couple walks by Estee Lauder store in Kuala Lumpur. (Photo by ... [+] Faris Hadziq/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesEstée Lauder stock (NYSE: EL) has had a tough year so far, with its stock declining over 50%, while the broader S&P500 index has risen 20%. The company has been struggling with falling sales and profits lately. For perspective, its adjusted 2024 earnings of $2.59 per share were down 25% y-o-y, and down 64% f ...