---
schema_version: "secwatch.filing_event.v1"
accession: "0001001250-23-000110"
form_type: "8-K"
ticker: "EL"
cik: "0001001250"
company_name: "ESTEE LAUDER COMPANIES INC"
filed_at: "2023-08-18T23:59:59+00:00"
generated_at: "2026-06-11T06:42:30.283386+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001001250-23-000110
- form_type: 8-K
- ticker: EL
- cik: 0001001250
- company_name: ESTEE LAUDER COMPANIES INC
- filed_at: 2023-08-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: medium
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001250/000100125023000110/0001001250-23-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001250/000100125023000110/el-20230817.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001250-23-000110
- JSON: https://secwatch.observer/filing/0001001250-23-000110.json
- Plain text: https://secwatch.observer/filing/0001001250-23-000110.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001250/000100125023000110/0001001250-23-000110-index.htm

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