secwatch.observer — SEC 8-K summary
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Issuer:     ESTEE LAUDER COMPANIES INC (EL)
CIK:        0001001250
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001001250-22-000168
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EL Q1 net sales $3.93B (-11% YoY); EPS $1.35; cuts FY2023 outlook
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- Q1 net sales $3.93B (-11% YoY); diluted EPS $1.35 (-28%); adjusted EPS $1.37 (-28% in constant currency).
- Organic net sales down 5%, inline with forecast; fragrance (+18%) and hair care (+11%) led organic growth.
- Quarterly dividend raised to $0.66/share (payable Dec 15, record Nov 30).
- Q2 guidance: reported net sales down 19-17% YoY, organic down 11-9%; adjusted EPS down 54-50% constant currency.
- FY2023 guidance lowered: reported net sales down 8-6%, organic flat to +2%; adjusted EPS down 21-19% constant currency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001250/000100125022000168/0001001250-22-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001250/000100125022000168/el-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001001250-22-000168

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