The Estée Lauder Companies Inc. (EL), headquartered in New York, manufactures, markets, and sells skin care, makeup, fragrance, and hair care products. Valued at $33.48 billion by market cap, the company's products are sold through department stores, mass retailers, company-owned retail stores, hair salons, and travel-related establishments.
Shares of this global leader in prestige beauty have underperformed the broader market considerably over the past year. EL has declined 45.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17%. In 2024 alone, EL stock is down 36.2%, while the SPX is up 9.9% on a YTD basis.
