---
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"
generated_at: "2026-06-20T01:37:55.164905+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Estée Lauder Q2 net sales down 17% to $4.62B; EPS $1.09; cuts FY outlook on travel retail

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001250-23-000008
- JSON: https://secwatch.observer/filing/0001001250-23-000008.json
- Plain text: https://secwatch.observer/filing/0001001250-23-000008.txt

## Key facts
- Earnings Releases
  ESTEE LAUDER COMPANIES INC reported fiscal 2023 second quarter results: revenue $4.62 billion, net income $0.39 billion, EPS $1.09. Guidance lowered.
  - Period: fiscal 2023 second quarter
  - Revenue: $4.62 billion
  - Net income: $0.39 billion
  - EPS: $1.09
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1001250/000100125023000008/0001001250-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.