Categories AlphaGraphs, Consumer, Earnings

EL Earnings: Highlights of Estee Lauder’s Q4 2023 financial report

Estee Lauder Companies Inc. (NYSE: EL) announced financial results for the fourth quarter of 2023, reporting modest revenue growth and lower adjusted earnings.

The Estée Lauder Companies Q4 2023 earnings infographic

First-quarter net sales edged up 1% annually to $3.61 billion. A decline in the core Skin Care segment was more than offset by growth in the other areas of the business.

Adjusted earnings, excluding one-off items, declined sharply to $0.07 per share in Q4 from $0.42 per share in the fourth quarter of 2022. On an unadjusted basis, the company reported a net loss of $33 million or $0.09 per share, compared to a profit of $52 million or $0.14 per share last year.

Fabrizio Freda, the company’s CEO, said, “We returned to organic sales growth in the fourth quarter, delivering our outlook. Momentum continued in the markets of EMEA and Latin America, and accelerated strongly in Asia/Pacific led by mainland China and Hong Kong SAR.”

Prior Performance

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

AVGO Earnings: Broadcom Q2 2024 revenue and profit beat estimates

Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Wednesday reported higher second-quarter revenues and adjusted earnings. The results also topped analysts' expectations. Earnings, excluding non-recurring items, came in at $10.96 per

Key takeaways from Oracle’s (ORCL) Q4 2024 earnings report

Oracle Corporation’s (NYSE: ORCL) stock rallied this week after the company announced large cloud infrastructure deals with tech giants Google, OpenAI, and Microsoft. The demand for Oracle's generative AI infrastructure

ZDGE Earnings: Zedge reports higher revenues and adj. profit for Q3 2024

Content distribution platform Zedge, Inc. (NYSE American: ZDGE) has reported higher net income for the third quarter of 2024, on an adjusted basis. The bottom line benefitted from a double-digit

Add Comment
Viewing Highlight