Why Estee Lauder Stock Is Trading Lower Today

The Estee Lauder Companies EL shares are trading lower after the company reported worse-than-expected sales results.

"We exceeded our sales and earnings expectations, even as several markets experienced increasing pressure from COVID-19 throughout the quarter. Our growth engines of Skin Care and Fragrance were incredibly powerful," said Fabrizio Freda, President and Chief Executive Officer.

Estee Lauder is the world leader in the global prestige beauty market, participating across skincare (52% of 2020 sales), makeup (33%), fragrance (11%), and haircare (4%) categories, with popular brands such as Estee Lauder, Clinique, MAC, La Mer, Jo Malone, Aveda, Bobbi Brown, Too Faced, and Origins.

The stock was trading 6.3% lower at $294.03 at the time of writing. The stock has a 52-week high of $318.34 and a 52-week low of $158.25.