---
schema_version: "secwatch.filing_event.v1"
accession: "0001001250-23-000175"
form_type: "8-K"
ticker: "EL"
cik: "0001001250"
company_name: "ESTEE LAUDER COMPANIES INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:41:36.783886+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# Estée Lauder Q1 net sales -10%, EPS $0.09; lowers FY2024 guidance citing Asia travel headwinds

## Summary
- Net sales $3.52B (-10% YoY); diluted EPS $0.09 vs $1.35; adjusted EPS $0.11 vs $1.37.
- Organic net sales declined 11% driven by Asia travel retail weakness and slower China recovery.
- Lowering FY2024 outlook: reported net sales -2% to +1%, adjusted EPS $2.17-$2.42 (down ~33-25% constant currency).
- Accelerating profit recovery plan; targeting $800M-$1B incremental operating profit for FY2025/2026.
- Cybersecurity incident diluted Q1 EPS by $0.08; potential Israel/Middle East disruption adds $0.22 risk to FY2024 EPS.

## SEC filing metadata
- accession: 0001001250-23-000175
- form_type: 8-K
- ticker: EL
- cik: 0001001250
- company_name: ESTEE LAUDER COMPANIES INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001250/000100125023000175/0001001250-23-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001250/000100125023000175/el-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001250-23-000175
- JSON: https://secwatch.observer/filing/0001001250-23-000175.json
- Plain text: https://secwatch.observer/filing/0001001250-23-000175.txt

## Key facts
- Earnings Releases
  ESTEE LAUDER COMPANIES INC reported first quarter ended September 30, 2023 results: revenue $3.52 billion, net income $31 million, EPS $.09. Guidance lowered.
  - Period: first quarter ended September 30, 2023
  - Revenue: $3.52 billion
  - Net income: $31 million
  - EPS: $.09
  - Guidance: lowered
  - Result: reported results
  source text: The Estée Lauder Companies Inc. (NYSE: EL) today reported net sales of $3.52 billion for its first quarter ended September 30, 2023, a decline of 10% from $3.93 billion in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001250/000100125023000175/0001001250-23-000175-index.htm

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