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Mar 31, 2021
Estee Lauder Q3 2021 Earnings Report
Net sales increased and diluted EPS improved.
Key Takeaways
The Estée Lauder Companies reported a strong third quarter with net sales increasing by 16% and diluted EPS improving to $1.24. Growth was driven by Skin Care and Fragrance, with sales rising in every region, led by Asia/Pacific. Online sales thrived, and Travel Retail excelled.
Net sales increased by 16% on a reported basis and 13% in constant currency.
Diluted net earnings per common share was $1.24, compared with a loss of $(.02) in the prior-year period.
Skin Care and Fragrance were growth engines, with sales rising in every region.
Online sales increased strong double-digits around the world, and Travel Retail excelled.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company forecasts net sales to increase between 11% and 12% and adjusted diluted earnings per common share are expected to increase between 45% and 47% on a constant currency basis for the full year fiscal 2021.
Positive Outlook
- Multiple engines of growth across regions, brands, product categories and channels.
- Well-positioned to drive a gradual recovery as macro-conditions and market dynamics support it.
- Invest in areas to support the recovery, including advertising, online and supply chain.
- Drive growth in areas of opportunity and help nurture emerging trends in the rest of the business.
- Leading Beauty Forward programs are nearing completion.
Challenges Ahead
- Risks related to social, economic and political matters.
- Restructurings and bankruptcies in the retail industry.
- Geopolitical tensions, regulatory developments, global security issues.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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