Categories AlphaGraphs, Consumer, Earnings

Estee Lauder (EL) Q2 2024 Earnings: Key financials and quarterly highlights

The Estée Lauder Companies Inc. (NYSE: EL) reported second quarter 2024 earnings results today.

Net sales declined 7% to $4.28 billion from the prior-year period. Organic net sales fell 8%.

Net earnings was $313 million, or $0.87 per share, compared to $394 million, or $1.09 per share, last year. Adjusted EPS was $0.88.

Both revenue and earnings beat expectations, sending the stock soaring over 16% in premarket hours on Monday.  

For the third quarter of 2024, reported net sales are forecasted to increase between 3-5% versus the prior-year period. Adjusted EPS is expected to range between a decrease of 18% and an increase of 3% on a constant currency basis.

Prior performance

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