secwatch.observer — SEC 8-K summary
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Issuer:     ESTEE LAUDER COMPANIES INC (EL)
CIK:        0001001250
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001001250-24-000112
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Estée Lauder FY24 sales -2%, adj EPS -25%; Q4 organic sales +8%; FY25 cautious on China
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001250/000100125024000112/0001001250-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001250/000100125024000112/el-20240819.htm
  HTML page:      https://secwatch.observer/filing/0001001250-24-000112

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