secwatch.observer — SEC 8-K summary
======================================

Issuer:     ESTEE LAUDER COMPANIES INC (EL)
CIK:        0001001250
Form:       8-K
Filed at:   2022-08-18T23:59:59+00:00
Accession:  0001001250-22-000117
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Estée Lauder FY2022 net sales up 9% to $17.74B; Q4 sales down 10% as China COVID restrictions hit
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001250/000100125022000117/0001001250-22-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001250/000100125022000117/el-20220817.htm
  HTML page:      https://secwatch.observer/filing/0001001250-22-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer