Estée Lauder FY2023 sales down 10%, EPS $2.79; declares $0.66 dividend

ESTEE LAUDER COMPANIES INC

2023-FY EPS reported $2.79 revenue$15,910,000,000

Full-year FY2023 net sales $15.91B, down 10% YoY; organic net sales down 6%.
GAAP diluted EPS $2.79, down 57%; adjusted constant currency EPS $3.46, down 49%.
Q4 net sales $3.61B (+1% reported, +4% organic) with GAAP net loss $33M, EPS -$0.09.
Company expects FY2024 organic sales growth and progressive margin recovery (no specific guidance numbers in available text).
Quarterly dividend of $0.66 per share declared, payable Sept 15, record Aug 31 (unchanged).

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 year ended June 30, 2023 results: revenue $15.91 billion, net income $1.01 billion, EPS $2.79. Guidance initiated.

Period: fiscal year ended June 30, 2023
Revenue: $15.91 billion
Net income: $1.01 billion
EPS: $2.79
Guidance: initiated
Result: reported results

Exact text from the filing

Net Sales Growth and Deliver Progressive Margin Recovery in Fiscal 2024 New York, August 18, 2023 - The Estée Lauder Companies Inc. (NYSE: EL) today reported net sales of $15.91 billion for its fiscal year ended June 30, 2023, a decrease of 10% from $17.74 billion in the prior year. Organic net sales fell 6%, primarily driven by Asia travel retail in Hainan and

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Source: SEC EDGAR

accession 0001001250-23-000110

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