The Estée Lauder Companies Reports Fiscal 2021 First Quarter Results
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Estee Lauder (EL) Tops Q1 EPS by 54c, Revenues Beat
November 2, 2020 6:47 AM ESTEstee Lauder (NYSE: EL) reported Q1 EPS of $1.44, $0.54 better than the analyst estimate of $0.90. Revenue for the quarter came in at $3.56 billion versus the consensus estimate of $3.45 billion.
Net Sales Decreased 9% both As Reported and in Constant CurrencyCOVID-19 Recovery Progressed with Sequential Net Sales Growth ImprovementDiluted EPS was $1.42, Adjusted Diluted EPS in Constant Currency was $1.44Fabrizio Freda, President and Chief Executive Officer said, We are pleased with the stronger than expected start to our fiscal year amid this difficult moment as the global community... More
