Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14064 The Estée Lauder Companies Inc. (Ex ...

The Estee Lauder Companies Inc. (EL) reported third-quarter fiscal 2024 results, with the top and the bottom line increasing year over year. Quarterly net sales and earnings surpassed the Zacks Consensus Estimate. Asia travel retail experienced a return to organic sales growth, as developed and emerging markets across Asia/Pacific, Europe, the Middle East & Africa (EMEA) and Latin America further contributed to the positive performance.Considering macroeconomic challenges — including softness in overall pre ...

The Estée Lauder Companies Inc. (NYSE:EL) Q3 2024 Earnings Conference Call May 1, 2024 9:30 AM ET Company Participants Rainey Mancini - Senior Vice President, Investor Relations Fabrizio Freda - President and Chief Executive Officer Tracey Travis - Executive Vice President and Chief Financial Officer Conference Call Participants Bryan Spillane - Bank of America Olivia Tong - Raymond James Lauren Lieberman - Barclays Dara Mohsenian - Morgan Stanley Filippo Falorni - Citi Steve Powers - Deutsche Andrea Teixei ...

Estee Lauder (EL) reported $3.94 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 5%. EPS of $0.97 for the same period compares to $0.47 a year ago.The reported revenue represents a surprise of +0.39% over the Zacks Consensus Estimate of $3.92 billion. With the consensus EPS estimate being $0.48, the EPS surprise was +102.08%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Financial Performance - Net sales for Q3 fiscal 2024 reached $3.94 billion, a 5% increase from $3.75 billion in the prior-year period[1]. - Net earnings increased to $330 million, compared to $156 million in the prior-year period, with diluted EPS rising to $0.91 from $0.43[1]. - Total reported operating income was $531 million, a 79% increase from $297 million in the prior-year period[9]. - Net sales for the nine months ended March 31, 2024, were $11.74 billion, a 5% decrease compared to $12.30 billion in the prior-year period[32]. - The Company reported net earnings of $674 million, with diluted net earnings per common share at $1.87, down from $1,039 million and $2.88 in the prior-year period[32]. - For the fiscal 2024 fourth quarter, reported net sales are forecasted to increase between 5% and 9% compared to the prior-year period[40]. - Organic net sales for the fiscal 2024 fourth quarter are expected to increase between 6% and 10%[40]. - The Company anticipates reported diluted net earnings per common share to be between $1.96 and $2.09 for the full year[40]. - Net sales for the three months ended March 31, 2024, were reported at $3,940 million, a 5% increase from $3,751 million in 2023[49]. - Operating income for the three months ended March 31, 2024, was $531 million, a 79% increase from $297 million in 2023[49]. - Total net sales for the nine months ended March 31, 2024, were $11.737 billion, reflecting a 5% decrease compared to the prior year[58]. - Operating income for the nine months ended March 31, 2024, was $1,239 million, down 29% from $1,752 million in the prior year[66]. - Diluted EPS for the nine months ended March 31, 2024, was $1.87, a decrease of 42% compared to $2.88 in the same period of 2023[66]. Tax and Earnings - The effective tax rate decreased to 31.1% from 44.6% in the prior-year period, primarily due to a lower effective tax rate on foreign operations[1]. - The effective tax rate for the full year is projected to be approximately 35%, largely due to the geographical mix of earnings[37]. - The effective tax rate and increased net interest expense are expected to dilute net earnings per common share by $0.48[42]. Profit Recovery and Future Projections - The Profit Recovery Plan is projected to deliver $1.1 to $1.4 billion of incremental operating profit in fiscal years 2025 and 2026[5]. - The company expects operating margin in the second half of fiscal 2024 to be stronger than the first half and to expand from the year-ago period[5]. - The Profit Recovery Plan is expected to drive incremental operating profit of $1.1 billion to $1.4 billion, including net benefits from the restructuring program[36]. - The company forecasts GAAP diluted net earnings per share (EPS) for the three months ending June 30, 2024, to be between $0.11 and $0.22, representing a growth of over 100% compared to $(0.09) in the same period of 2023[42]. - For the twelve months ending June 30, 2024, the company expects GAAP diluted EPS to be between $1.96 and $2.09, reflecting a decrease of 25% from $2.79 in 2023[42]. - The company anticipates restructuring charges between $45 million and $55 million, equating to approximately $0.10 to $0.12 per diluted common share[42]. Sales and Market Performance - Organic net sales grew 6%, driven by double-digit growth in EMEA and Asia travel retail, with significant improvements in retail sales trends[1]. - Skin Care net sales increased 9%, with La Mer and Estée Lauder driving strong growth through hero products and new innovations[17]. - The Americas region reported net sales of $3,567 million, a 3% increase from $3,447 million in the previous year[62]. - Europe, the Middle East & Africa saw a 10% decline in net sales, totaling $4,488 million compared to $4,972 million in the prior year[62]. - Asia/Pacific net sales decreased by 5%, amounting to $3,683 million, down from $3,892 million[62]. - Organic net sales for Skin Care decreased by 8% to $920 million for the nine months ended March 31, 2024[58]. Expenses and Impairments - Capital expenditures increased to $702 million from $652 million in the prior-year period, primarily due to the manufacturing facility in Japan[32]. - The Company recorded a total of $36 million in operating expenses for the three months ended March 31, 2024[56]. - The restructuring program is projected to incur total charges of between $500 million and $700 million before taxes over the next two years[51]. - The Company recorded an impairment charge of $21 million for the Smashbox trademark intangible asset due to lower-than-expected results[52]. - The Company recorded other intangible asset impairment charges of $207 million for the nine months ended March 31, 2023, impacting earnings by $0.44 per common share[54]. - The Company performed interim impairment tests for trademarks and goodwill, concluding that the carrying amounts of goodwill were recoverable for Dr.Jart+ and Too Faced[53]. Cash Flow and Assets - The Company ended the quarter with $3.70 billion in cash and cash equivalents and paid dividends of $0.71 billion[32]. - Total current assets decreased to $8,534 million as of March 31, 2024, from $9,139 million a year earlier[68]. - Cash and cash equivalents decreased to $3,701 million from $4,029 million in the previous year[68]. - Net cash flows provided by operating activities for the nine months ended March 31, 2024, were $1,471 million, an increase from $1,017 million in the same period of 2023[70].

Investors are always looking for stocks that are poised to beat at earnings season and The Estée Lauder Companies Inc. (EL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Estee Lauder Companies is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information poss ...

The Estee Lauder Companies Inc. (EL) is likely to register top- and bottom-line growth when it reports third-quarter fiscal 2024 earnings on May 1.The Zacks Consensus Estimate for revenues is pegged at $3.9 billion, suggesting growth of 4.6% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for the bottom line has moved up by a penny in the past 30 days to 48 cents per share, indicating a rise of 2.1% from the figure reported in the year-ago quarter. The cosmetics giant has a traili ...

SEOUL, SOUTH KOREA - AUGUST 04: South Korean actress and singer of SNSD Yoona attends the photo call ... [+] for "Estee Lauder Lounge" pop-up store opening event at Seongsu Infomal Square on August 04, 2023 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images)ImaZins via Getty ImagesEstée Lauder (NYSE: EL) will report its Q3 fiscal 2024 ((the fiscal year ends in June) results on Wednesday, May 1. We expect the company to post sales of $3.9 billion and earnings of $0.46 per share, mar ...

Wall Street analysts forecast that Estee Lauder (EL) will report quarterly earnings of $0.48 per share in its upcoming release, pointing to a year-over-year increase of 2.1%. It is anticipated that revenues will amount to $3.93 billion, exhibiting an increase of 4.7% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed ...

Estee Lauder (EL) closed the most recent trading day at $148.98, moving +1.06% from the previous trading session. This move lagged the S&P 500's daily gain of 1.2%. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%.Shares of the beauty products company witnessed a gain of 5.93% over the previous month, beating the performance of the Consumer Staples sector with its loss of 1.51% and the S&P 500's loss of 4.16%.Market participants will be closely following the financial results ...