Financial Performance - Net sales for Q3 fiscal 2024 reached $3.94 billion, a 5% increase from $3.75 billion in the prior-year period[1]. - Net earnings increased to $330 million, compared to $156 million in the prior-year period, with diluted EPS rising to $0.91 from $0.43[1]. - Total reported operating income was $531 million, a 79% increase from $297 million in the prior-year period[9]. - Net sales for the nine months ended March 31, 2024, were $11.74 billion, a 5% decrease compared to $12.30 billion in the prior-year period[32]. - The Company reported net earnings of $674 million, with diluted net earnings per common share at $1.87, down from $1,039 million and $2.88 in the prior-year period[32]. - For the fiscal 2024 fourth quarter, reported net sales are forecasted to increase between 5% and 9% compared to the prior-year period[40]. - Organic net sales for the fiscal 2024 fourth quarter are expected to increase between 6% and 10%[40]. - The Company anticipates reported diluted net earnings per common share to be between $1.96 and $2.09 for the full year[40]. - Net sales for the three months ended March 31, 2024, were reported at $3,940 million, a 5% increase from $3,751 million in 2023[49]. - Operating income for the three months ended March 31, 2024, was $531 million, a 79% increase from $297 million in 2023[49]. - Total net sales for the nine months ended March 31, 2024, were $11.737 billion, reflecting a 5% decrease compared to the prior year[58]. - Operating income for the nine months ended March 31, 2024, was $1,239 million, down 29% from $1,752 million in the prior year[66]. - Diluted EPS for the nine months ended March 31, 2024, was $1.87, a decrease of 42% compared to $2.88 in the same period of 2023[66]. Tax and Earnings - The effective tax rate decreased to 31.1% from 44.6% in the prior-year period, primarily due to a lower effective tax rate on foreign operations[1]. - The effective tax rate for the full year is projected to be approximately 35%, largely due to the geographical mix of earnings[37]. - The effective tax rate and increased net interest expense are expected to dilute net earnings per common share by $0.48[42]. Profit Recovery and Future Projections - The Profit Recovery Plan is projected to deliver $1.1 to $1.4 billion of incremental operating profit in fiscal years 2025 and 2026[5]. - The company expects operating margin in the second half of fiscal 2024 to be stronger than the first half and to expand from the year-ago period[5]. - The Profit Recovery Plan is expected to drive incremental operating profit of $1.1 billion to $1.4 billion, including net benefits from the restructuring program[36]. - The company forecasts GAAP diluted net earnings per share (EPS) for the three months ending June 30, 2024, to be between $0.11 and $0.22, representing a growth of over 100% compared to $(0.09) in the same period of 2023[42]. - For the twelve months ending June 30, 2024, the company expects GAAP diluted EPS to be between $1.96 and $2.09, reflecting a decrease of 25% from $2.79 in 2023[42]. - The company anticipates restructuring charges between $45 million and $55 million, equating to approximately $0.10 to $0.12 per diluted common share[42]. Sales and Market Performance - Organic net sales grew 6%, driven by double-digit growth in EMEA and Asia travel retail, with significant improvements in retail sales trends[1]. - Skin Care net sales increased 9%, with La Mer and Estée Lauder driving strong growth through hero products and new innovations[17]. - The Americas region reported net sales of $3,567 million, a 3% increase from $3,447 million in the previous year[62]. - Europe, the Middle East & Africa saw a 10% decline in net sales, totaling $4,488 million compared to $4,972 million in the prior year[62]. - Asia/Pacific net sales decreased by 5%, amounting to $3,683 million, down from $3,892 million[62]. - Organic net sales for Skin Care decreased by 8% to $920 million for the nine months ended March 31, 2024[58]. Expenses and Impairments - Capital expenditures increased to $702 million from $652 million in the prior-year period, primarily due to the manufacturing facility in Japan[32]. - The Company recorded a total of $36 million in operating expenses for the three months ended March 31, 2024[56]. - The restructuring program is projected to incur total charges of between $500 million and $700 million before taxes over the next two years[51]. - The Company recorded an impairment charge of $21 million for the Smashbox trademark intangible asset due to lower-than-expected results[52]. - The Company recorded other intangible asset impairment charges of $207 million for the nine months ended March 31, 2023, impacting earnings by $0.44 per common share[54]. - The Company performed interim impairment tests for trademarks and goodwill, concluding that the carrying amounts of goodwill were recoverable for Dr.Jart+ and Too Faced[53]. Cash Flow and Assets - The Company ended the quarter with $3.70 billion in cash and cash equivalents and paid dividends of $0.71 billion[32]. - Total current assets decreased to $8,534 million as of March 31, 2024, from $9,139 million a year earlier[68]. - Cash and cash equivalents decreased to $3,701 million from $4,029 million in the previous year[68]. - Net cash flows provided by operating activities for the nine months ended March 31, 2024, were $1,471 million, an increase from $1,017 million in the same period of 2023[70].

Investors are always looking for stocks that are poised to beat at earnings season and The Estée Lauder Companies Inc. (EL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Estee Lauder Companies is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information poss ...

The Estee Lauder Companies Inc. (EL) is likely to register top- and bottom-line growth when it reports third-quarter fiscal 2024 earnings on May 1.The Zacks Consensus Estimate for revenues is pegged at $3.9 billion, suggesting growth of 4.6% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for the bottom line has moved up by a penny in the past 30 days to 48 cents per share, indicating a rise of 2.1% from the figure reported in the year-ago quarter. The cosmetics giant has a traili ...

SEOUL, SOUTH KOREA - AUGUST 04: South Korean actress and singer of SNSD Yoona attends the photo call ... [+] for "Estee Lauder Lounge" pop-up store opening event at Seongsu Infomal Square on August 04, 2023 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images)ImaZins via Getty ImagesEstée Lauder (NYSE: EL) will report its Q3 fiscal 2024 ((the fiscal year ends in June) results on Wednesday, May 1. We expect the company to post sales of $3.9 billion and earnings of $0.46 per share, mar ...

Wall Street analysts forecast that Estee Lauder (EL) will report quarterly earnings of $0.48 per share in its upcoming release, pointing to a year-over-year increase of 2.1%. It is anticipated that revenues will amount to $3.93 billion, exhibiting an increase of 4.7% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed ...

Estee Lauder (EL) closed the most recent trading day at $148.98, moving +1.06% from the previous trading session. This move lagged the S&P 500's daily gain of 1.2%. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%.Shares of the beauty products company witnessed a gain of 5.93% over the previous month, beating the performance of the Consumer Staples sector with its loss of 1.51% and the S&P 500's loss of 4.16%.Market participants will be closely following the financial results ...

The Estee Lauder Companies Inc. (EL) is reaping benefits from sturdy presence in emerging markets, where demand appears to be growing. The company boasts a strong online business. This beauty company’s Profit Recovery Plan looks promising.  Let’s delve deeper.Online Business: Key Driver Estee Lauder boasts a strong online business. It is implementing new technology and digital experiences, including online booking for each store appointment, omnichannel loyalty programs and high-touch mobile services. These ...

Key PointsEstée Lauder's shares have been trading sideways since December.However, they have been accumulating several key analyst upgrades.The stock has barely eaten into the 70% selloff of recent years, but there are signs the recovery could soon begin in earnest. 5 stocks we like better than Estée Lauder CompaniesEstée Lauder Companies, Inc. NYSE: EL is among an increasingly smaller group of stocks that have yet to mount a serious comeback to recent selloffs. Having gained more than 200% from January 201 ...

The shares of Estee Lauder Companies Inc (NYSE:EL) are 0.9% higher to trade at $153.41 this morning, after Citi upgraded the luxury retailer to to "buy" from "neutral." While also hiking its price target by $15 to $175, the analyst in coverage cited normalizing channel inventories and financials.Over the last 12 months, Estee Lauder stock is down 37.3%, but is now up 6% in 2024, slightly underperforming the SPDR S&P 500 ETF Trust's (SPY) 8.8% gain. Stuck in a tight trading range since February, the shares a ...

SAN DIEGO, April 01, 2024 (GLOBE NEWSWIRE) -- Robbins LLP is investigating allegations that certain officers and directors of The Estee Lauder Companies Inc. (NYSE:EL) misled investors with unrealistic and materially false statements about market demand and its inventory levels. According to a class action complaint filed in December 2023 against Estee Lauder, the truth was revealed on May 3, 2023, when Estee Lauder issued a press release announcing weaker sales and profit for the year than estimated and cu ...