Estee Lauder Guides Q1

2024-08-18 4441
(fxcue news) - While reporting financial results for the fourth quarter on Wednesday, Estee Lauder Cos., Inc. (EL) initiated its earnings, adjusted earnings and revenue growth guidance for the full-year 2025, well below estimates.. The company also provided outlook for the first quarter of fiscal 2025, well below estimates. For the first quarter, the company expects a loss in a range of $0.09 to $0.00 per share and adjusted earnings in a range of $0.02 to $0.10 per share, on reported and organic net sales decline of 5 to 3 percent. On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.63 per share on revenue growth of 6.9 percent to $3.77 billion for the quarter. Analysts' estimates typically exclude special items. Looking ahead to fiscal 2025, the company now projects earnings in a range of $2.52 to $2.76 per share and adjusted earnings in a range of $2.75 to $2.95 per share on reported and organic net sales between a decline of 1 percent and a growth of 2 percent. The Street is looking for earnings of $3.96 per share on a sales decline of 20.90 percent to $16.57 billion for the year. For the second quarter, the company reported a net loss attributable to the company of $284 million or $0.79 per share, sharply wider than $33 million or $0.09 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter was $0.07 per share, compared to $0.64 per share in the year-ago quarter. Net sales for the quarter grew 7 percent to $3.87 billion from $3.61 billion in the same quarter last year. Analysts expected earnings of $0.27 per share on revenues of $3.81 billion for the quarter. Separately, the company announced a quarterly dividend on the Company's Class A and Class B Common Stock of $0.66 per share, payable on September 16, 2024 to stockholders of record at the close of business on August 30, 2024. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
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