The Estee Lauder Companies Inc. (NYSE: EL) reported net sales of $4.6 billion for the second quarter of 2023, down 17% from the same period a year ago.
Net earnings attributable to The Estee Lauder Companies Inc. decreased 64% year-over-year to $394 million, or $1.09 per share. Adjusted EPS was down 49% to $1.54.
For the third quarter of 2023, the company expects net sales to decrease 12-14% on a reported basis and 8-10% on an organic basis. GAAP EPS is estimated to be $0.32-0.43 while adjusted EPS is expected to be $0.37-0.47.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings Infographic: Highlights of Nike’s Q3 2023 results
Sportswear giant Nike, Inc. (NYSE: NKE) on Tuesday reported a decrease in earnings for the third quarter of 2023, when its revenues increased by 14%. Third-quarter net income was $1.24
Signet Jewelers (SIG) expects a challenging environment for the jewelry industry in FY2024
Shares of Signet Jewelers Limited (NYSE: SIG) were up over 1% on Tuesday. The stock has gained 10% year-to-date and 12% over the past three months. The company saw its
Foot Locker (FL) to revamp brands; sees turnaround this year
After an unimpressive holiday quarter performance, athletics apparel retailer Foot Locker, Inc. (NYSE: FL) is on a drive to reset the brand for serving a broader customer base. It is
