secwatch.observer — SEC 8-K summary
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Issuer:     ESTEE LAUDER COMPANIES INC (EL)
CIK:        0001001250
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001001250-23-000008
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 Q2 net sales down 17% to $4.62B; EPS $1.09; cuts FY outlook on travel retail
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001250/000100125023000008/0001001250-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001250/000100125023000008/el-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001001250-23-000008

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