Estée Lauder Q3 net sales -12%, EPS $0.43; cuts FY outlook on Asia travel retail drag

ESTEE LAUDER COMPANIES INC

2023-Q3 EPS reported $2.88 revenue$12,301,000,000

Q3 net sales $3.75B, down 12% reported and 8% organic; reported diluted EPS $0.43 vs $1.53 prior year.
Adjusted diluted EPS fell 75% to $0.47, including a 3% currency-transaction drag from travel retail.
Lowered full-year fiscal 2023 outlook: reported net sales decline now 10-12% due to slower Asia travel retail recovery.
Declared quarterly dividend $0.66 per share, payable June 15 to holders of record May 31.
Completed TOM FORD brand acquisition April 28 for ~$2.25B cash plus $300M deferred, funded by cash and commercial paper.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ESTEE LAUDER COMPANIES INC reported fiscal quarter ended March 31, 2023 results: revenue $3.75 billion, net income $156 million, EPS $.43. Guidance lowered.

Period: fiscal quarter ended March 31, 2023
Revenue: $3.75 billion
Net income: $156 million
EPS: $.43
Guidance: lowered
Result: reported results

Exact text from the filing

in Asia Travel Retail Focused on Accelerating Balanced Growth Post-Pandemic New York, May 3, 2023 - The Estée Lauder Companies Inc. (NYSE: EL) today reported net sales of $3.75 billion for its third quarter ended March 31, 2023, a decline of 12% from $4.25 billion in the prior-year period, including the negative impact from foreign currency. Organic net sales

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Source: SEC EDGAR

accession 0001001250-23-000052

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