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: Data Dive: The Grocery-Store Categories Where US Shoppers Are Cutting Purchases the MostWeekly US and UK Store Openings and Closures Tracker 2024, Week 40: UK Store Closures Surpass 1,000Generative AI Latest: The Rise of RAG, Updates from Amazon, Meta and OracleMarket Outlook: UK Apparel and Footwear Retailing—Market Softens, Industry Players Seek To Improve Margins