---
schema_version: "secwatch.filing_event.v1"
accession: "0001001250-23-000052"
form_type: "8-K"
ticker: "EL"
cik: "0001001250"
company_name: "ESTEE LAUDER COMPANIES INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-15T23:54:37.285184+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001001250-23-000052
- form_type: 8-K
- ticker: EL
- cik: 0001001250
- company_name: ESTEE LAUDER COMPANIES INC
- filed_at: 2023-05-03T23:59:59+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/1001250/000100125023000052/0001001250-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001250/000100125023000052/el-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001250-23-000052
- JSON: https://secwatch.observer/filing/0001001250-23-000052.json
- Plain text: https://secwatch.observer/filing/0001001250-23-000052.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001250/000100125023000052/0001001250-23-000052-index.htm

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