Estee Lauder Shares Slide 8.5% After $0.35 Ex-Dividend; Q2 Profit Rebounds
Investors sold shares after the Feb. 27 ex-dividend date, driving Estee Lauder’s stock down 8.48% to $100.19. The company posted Q2 net income of $162 million versus a $590 million loss, supported by a 6% rise in net sales to $4.2 billion and guided full-year organic sales up 1–3%.
1. Ex-Dividend Sell-Off
Shares of The Estée Lauder Companies Inc. fell 8.48% to $100.19 on March 3 as investors sold positions following the Feb. 27 ex-dividend date for the $0.35 per share payout.
2. Second-Quarter Financial Performance
The company swung to a net income of $162 million in Q2 from a $590 million loss a year earlier, while net sales rose 6% to $4.2 billion. In the six months, net income reached $209 million versus a $746 million loss and net sales climbed 5% to $7.7 billion.
3. Full-Year Outlook and Tariff Impact
Full-year organic net sales are targeted to grow 1%–3% with mainland China mid-single-digit growth and flat Americas. The company expects a $100 million unfavorable tariffs impact, largely in the second half.