Estee Lauder


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SKU: EL-1 Category:


Estee Lauder Companies Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings. Despite an 11% decline in organic sales, adjusted diluted EPS exceeded expectations at $0.11, attributed to a better-than-expected adjusted operating margin. The decline was primarily in global travel retail, with a 51% drop due to trade inventory reduction and market containment strategies. The rest of the global business demonstrated a 4% organic growth, with strong showings in the Americas, EMEA markets, and Asia Pacific (excluding Mainland China). Skincare outperformed forecasts, contributing to increased profitability along with disciplined expense management. The Estée Lauder Companies UK & Ireland also introduced the Voice-Enabled Makeup Assistant (VMA) application, a mobile software that utilizes artificial intelligence technology to assist individuals with visual impairments in applying makeup, enhancing their ability to do so with greater ease and confidence. While the fiscal year began positively, external challenges led to a revised outlook for 2024. Estee Lauder remains optimistic about sequential improvements, anticipating double-digit organic sales growth. The company emphasized strategic imperatives for 2024, including driving momentum in thriving markets, returning growth in the US, capturing individual traveler demand in Asia travel retail, and rebuilding profitability.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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