{"schema_version":"secwatch.filing_event.v1","accession":"0001001250-23-000008","form_type":"8-K","ticker":"EL","cik":"0001001250","company_name":"ESTEE LAUDER COMPANIES INC","filed_at":"2023-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.398364+00:00","generated_at":"2026-06-20T01:37:55.164905+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Estée Lauder Q2 net sales down 17% to $4.62B; EPS $1.09; cuts FY outlook on travel retail","bullets":["Net sales $4.62B (-17% YoY), organic -11%; GAAP EPS $1.09 (-63%), adjusted EPS $1.54 (-49%).","Fragrance organic +12%; Skin Care -20%; Makeup -3%; $207M intangible impairments (Dr.Jart+, Too Faced, Smashbox).","Q3 FY2023 net sales guidance: reported -14% to -12%, organic -10% to -8%; full-year EPS outlook lowered.","Quarterly dividend $0.66/share, payable March 15, 2023 to holders of record Feb 28, 2023 (unchanged).","Return to growth pushed to Q4 due to Hainan travel retail disruption and Korea duty free headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001001250-23-000008","json":"https://secwatch.observer/filing/0001001250-23-000008.json","markdown":"https://secwatch.observer/filing/0001001250-23-000008.md","text":"https://secwatch.observer/filing/0001001250-23-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001250/000100125023000008/0001001250-23-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001250/000100125023000008/el-20230201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T01:37:55.164905+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"075a9764d45c6b36bfe019ee94b01010bce11368","claim":"ESTEE LAUDER COMPANIES INC reported fiscal 2023 second quarter results: revenue $4.62 billion, net income $0.39 billion, EPS $1.09. Guidance lowered.","evidence_excerpt":"The Estée Lauder Companies Inc. (NYSE: EL) today reported net sales of $4.62 billion for its second quarter ended December 31, 2022, a decline of 17% from $5.54 billion in the prior-year period, including negative impacts from foreign currency. Organic net sales fell 11%. In the fiscal 2023 second quarter, the evolution of the COVID-19 environment, including restrictions in mainland China and the rising number of COVID cases (collectively “COVID-related impacts”), led to stronger headwinds as the quarter progressed. As a result, tourism and product shipments to Hainan remained largely curtailed and traffic in brick-and-mortar in the rest of China was limited. These challenges were partially offset by broad-based strong organic net sales growth across developed and emerging markets globally. Organic net sales benefited from continued double-digit growth in Fragrance as well as strong holiday offerings and performance during the 11.11 Global Shopping Festival. The Company reported net ea","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001250/000100125023000008/0001001250-23-000008-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 second quarter"},{"label":"Revenue","value":"$4.62 billion"},{"label":"Net income","value":"$0.39 billion"},{"label":"EPS","value":"$1.09"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}