earnings
confidence high
sentiment negative
materiality 0.80
Estée Lauder FY2022 net sales up 9% to $17.74B; Q4 sales down 10% as China COVID restrictions hit
ESTEE LAUDER COMPANIES INC
2022-FY EPS reported
$6.55
revenue$17,737,000,000
- Full year GAAP EPS $6.55 (down 16% YoY); adjusted EPS $7.24 (+12% constant currency).
- Q4 net sales $3.56B (-10% YoY); adjusted EPS $0.42 vs $0.78 prior year; China shutdowns and Russia suspension hurt.
- Fragrance grew 30%, Makeup 11%, Skin Care flat (organic). The Americas +22%, Asia/Pacific -1%.
- FY2023 guidance: reported net sales growth 3-5%; effective tax rate ~23%; capex ~6.5% of sales.
- Declares quarterly dividend of $0.60 per share, payable Sept 15, 2022 to holders of record Aug 31.