earnings
confidence high
sentiment negative
materiality 0.80
Estée Lauder FY24 sales -2%, adj EPS -25%; Q4 organic sales +8%; FY25 cautious on China
ESTEE LAUDER COMPANIES INC
2024-FY EPS reported
$1.08
revenue$15,608,000,000
- FY24 net sales $15.61B (-2% reported, -2% organic); GAAP EPS $1.08 (-61% YoY), adj EPS $2.59 (-25% YoY).
- Q4 organic sales +8% to $3.87B; adjusted operating income $349M vs $71M prior year.
- Skin Care -3% for FY24 but Q4 +15% organic; Fragrance +2% FY24; Hair Care -4%.
- Completed DECIEM acquisition for $859M; Dr.Jart+ goodwill impairment $471M.
- FY25 outlook: expects improved performance across most areas but continued softness in China.