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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.
Estee Lauder
Estee Lauder
Estee Lauder Revenue by Segment
Estee Lauder Revenue by Geographic Location
Revenue by Segment
Skin Care Revenue
CapyFin.comMakeup Revenue
CapyFin.comFragrance Revenue
CapyFin.comHair Care Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
The Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia/Pacific Revenue
CapyFin.com 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.
- Currency volatility, general economic challenges.
- Changes in consumer preferences that affect consumer spending in certain countries, channels and travel corridors.
Revenue & Expenses
Visualization of income flow from segment revenue to net income