Event Coverage 7 minutesRegister for Free AccessEstée Lauder Investor Day 2019: Share in Prestige Beauty Growing, Online 30% of Business, Affirms Three-Year 6-8% Net Sales Outlook Coresight Research March 13, 2019 Executive SummaryOn March 5, 2019, Estée Lauder (EL) hosted its Investor Day in New York City. Estée Lauder is gaining share in prestige beauty, growing from 13% in calendar 2009 to 14.4% in calendar 2017. Global per capita spending on prestige beauty is increasing. The company projects the global middle class will grow by 600 million people by 2028, expanding overall spending power by 50%, which will increase opportunities for prestige beauty spending. Innovations and successful product launches accounted for nearly 30% the company’s net sales in the first half of fiscal year 2019. E-commerce represents approximately 30% of Estée Lauder’s business in its top markets. The company expects double-digit ecommerce growth over the next three years. Estée Lauder confirmed its three-year target of 6-8% net sales growth and double-digit EPS growth. The company is continuing its focus on travel retail as a growth opportunity. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week UK Store Openings and Closures—2024 Review and 2025 OutlookBreathing Space for US Retailers and Brands: US Tariffs Paused for 90 Days But Hiked Further for ChinaInnovator Profile: Shopeaks—Transforming Social Media Monetization with Personalized StorefrontsMapping the US’s Reciprocal Import Tariffs: Which Nations Are Affected?
