Based in New York, The Estée Lauder Companies Inc. (EL) designs, markets, and sells a range of skincare, makeup, fragrance, and hair care products. Valued at a market capitalization of $22.9 billion, its offerings are available through department stores, mass retailers, company-owned outlets, hair salons, and travel retail locations.
Shares of this beauty company have substantially underperformed the broader market over the past year. EL has declined 49.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 30.4%. In 2024 alone, EL stock is down 56.4%, while the SPX is up 23.1% on a YTD basis.
