earnings
confidence high
sentiment positive
materiality 0.80
Estée Lauder Q3 net sales $3.94B, +6% organic; adj EPS $0.97, above outlook
ESTEE LAUDER COMPANIES INC
2024-Q3 EPS reported
$1.87
revenue$11,737,000,000
- Net sales $3.94B (+5% reported, +6% organic); diluted EPS $0.91 reported, $0.97 adjusted vs $0.47 prior-year adjusted.
- Skin Care organic sales +9%, led by La Mer and Estée Lauder; Asia travel retail returned to growth.
- Full-year organic net sales outlook lowered but adjusted EPS range tightened; Q4 organic growth expected 6-10%.
- Profit Recovery Plan on track to deliver $1.1-$1.4B incremental operating profit in FY25-26.
- YTD cash from operations $1.47B, up from $1.02B prior year; inventory progress noted.