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MarketScreener Homepage  >  Equities  >  Nyse  >  The Estée Lauder Companies Inc.    EL

THE ESTÉE LAUDER COMPANIES INC.

(EL)
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Estee Lauder Companies - Pride Marches On: ELC remains committed to the LGBTQA community during the time of COVID-19, launching #ELCProudTogether, a virtual Pride celebration...

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06/02/2020 | 08:33am EDT

Estee Lauder Companies - Celebrating Pride Month in June of 2020 will be different than in years past, as the world continues to grapple with the impacts of COVID-19. While annual parades and events have been cancelled or postponed, The Estee Lauder Companies (ELC) will be marking the occasion in creative ways, showing its support for the LGBTQA community and reflecting on strides made for equal rights.

Pride Parade 2019

ELC employees at the 2019 Pride Parade in New York City, of which ELC and M*A*C Cosmetics were a platinum sponsor

Throughout the month of June, a series of employee videos #ELCProudTogether will be rolling out across ELC's digital platforms. ELC, in partnership with wELCome, the company's LGBTQA Employee Resource Group (ERG), and the Inclusion & Diversity Center of Excellence, invited employees to share personal stories including what this month means to them during these unprecedented times. The #ELCProudTogether series will also highlight ELC's deep-rooted support for LGBTQA individuals: from the M*A*C VIVA GLAM campaign, to the establishment of ERGs, to continuously scoring 100% on the Human Rights Campaign's Corporate Equality Index, recognition on the Bloomberg Gender-Equality Index and more.

Kicking off the #ELCProudTogether series is a video featuring wELCome leadership and members from around the globe as they collectively wish everyone a 'Happy Pride!'

Your browser does not support the video tag.

We Are #ELCProudTogether

wELCome leadership and members share a message on Pride

'The celebration of Pride may look different this year but the spirit and passion remains strong and we remain steadfast in celebrating the diversity of professionals that make up our ELC family,' said Marilu Marshall, Senior Vice President, Chief Inclusion and Diversity Officer. 'The Estee Lauder Companies is proud to support the LGBTQA community and allies alike as we continue to advance acceptance around the world and create change so that every person can experience the beauty of belonging.'

Supporting our Communities

ELC is a longtime advocate of LGBTQA causes, with a proven track record of driving societal change and acceptance around the world. M*A*C Cosmetics, which is part of the ELC brand portfolio, has always stood for inclusion for all with the credo 'All Ages, All Races, All Genders.' This year marks the 26th anniversary of M*A*C VIVA GLAM, which was created at the height of the AIDS epidemic as a community response mechanism to make a meaningful difference in the lives of people living with and affected by HIV/AIDS, featuring drag icon RuPaul as the campaign's inaugural spokesperson.

M*A*C artists give makeup touch-ups at the Los Angeles Pride Parade in 2019

VIVA GLAM has raised over $500 million to date and has since expanded its mission to not only end HIV/AIDS, but to fight for healthy futures and equal rights for women, girls and LGBTQA communities. M*A*C Cosmetics also quickly adapted this year's campaign in light of the COVID-19 pandemic, donating $10 million to 250 local organizations all over the world on the front lines serving communities affected by the COVID-19 pandemic. The additional support will provide M*A*C's existing partners with emergency relief funds to address the growing need for vital services from at-risk communities, including food delivery, medication support and testing and treatment of COVID-19, especially among the immunocompromised.

In addition to VIVA GLAM, over time, ELC and wELCome have provided numerous grants to support philanthropic initiatives that directly affect the LGBTQA community including: Live Out Loud, Tyler Clementi Foundation, SAGE, Trevor Project, Stonewall Gives Back Initiatives and Regional Pride Centers.

Supporting our Employees

Founded in 2012 in the United States, wELCome has expanded globally with local and regional chapters and counts more than 1,000 members across the world.

wELCome ERG Leadership

The North America wELCome leadership team, pictured with Fabrizio Freda, ELC President and CEO (third from right)

During the COVID-19 pandemic, wELCome has created a virtual community of belonging filled with numerous opportunities to socialize, learn and stay connected. One such initiative is a partnership with The OUT Foundation and OUTWOD for a five-week fitness program called #ELCWerkFromHome. This workout series was created exclusively for all ELC employees and has been devised to alleviate stress, boost energy levels and keep members physically and mentally fit during coronavirus restrictions.

Even in the face of COVID-19, ELC remains committed to inclusivity and equality for LGBTQA employees and the community. Pride marches on. To celebrate Pride with ELC, follow along on the company's social media platforms throughout the month of June. We are #ELCProudTogether.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 14 340 M - -
Net income 2020 1 034 M - -
Net Debt 2020 924 M - -
P/E ratio 2020 71,6x
Yield 2020 0,71%
Capitalization 73 861 M 73 861 M -
EV / Sales 2019
EV / Sales 2020 5,22x
Nbr of Employees 48 000
Free-Float 36,8%
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Technical analysis trends THE ESTÉE LAUDER COMPANIES
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 188,96 $
Last Close Price 205,17 $
Spread / Highest target 17,0%
Spread / Average Target -7,90%
Spread / Lowest Target -31,3%
EPS Revisions
Managers
NameTitle
Fabrizio Freda President, Chief Executive Officer & Director
John D. Demsey Executive Group President
Jane Hertzmark Hudis Group President
William Philip Lauder Executive Chairman
Tracey Thomas Travis Chief Financial Officer & Executive Vice President
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