Estee Lauder (EL) Misses Q4 EPS by 3c, Beats on Revenue

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The Estée Lauder Companies Reports Fiscal 2023 Results

August 18, 2023 6:45 AM EDT

Full Year Net Sales Decreased 10% and Diluted EPS Decreased 57% to $2.79

Organic Net Sales1 Decreased 6% and Adjusted Diluted EPS Fell 49% in Constant Currency

Achieved Fourth Quarter Net Sales Growth, As Expected

Expect to Return to Organic Net Sales Growth and Deliver Progressive Margin Recovery in Fiscal 2024

NEW YORK--(BUSINESS... More