Which Are the two Cosmetics Stocks to Explore ON NYSE?

NYSE-listed Estée Lauder Companies Inc. (NYSE: EL) and Coty Inc. (NYSE: COTY) are among the major U.S.-based cosmetics companies that have registered solid quarterly earnings growth and share price recently. With brick-and-mortar stores closed last year, the demand for beauty products remained low in 2020. Both the companies saw volatile trading sessions in the previous year and reported a significant impact from the coronavirus pandemic in the comparable quarter. However, Estée Lauder swung to profit in the fiscal third quarter ended March 31 while Coty narrowed its loss. The same has been the case with their stocks, which are on a growth trajectory this year.

However, the stock fell 12.96 percent to US$9 on Monday after the New York-based cosmetics company said its net sales declined 3.3 percent year over year to US$1.03 billion in the fiscal third quarter ended March 31. But Coty managed to narrow its third-quarter net loss to US$1.2 million, compared with a net loss of US$311.0 million in the same quarter last year. The company also posted an adjusted net income of US$2.3 million for the three months, against an adjusted net loss of US$104.7 million in the year-ago quarter.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.