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Jun 30, 2022
Estee Lauder Q4 2022 Earnings Report
The Estée Lauder Companies reported a decrease in net sales and diluted earnings per share for the fourth quarter of fiscal year 2022.
Key Takeaways
The Estée Lauder Companies reported a 10% decrease in net sales for the fourth quarter of fiscal year 2022, with net sales of $3.56 billion. Net earnings were $52 million, and diluted earnings per share was $0.14. Adjusted diluted net earnings per common share was $0.42.
Net sales decreased by 10% compared to the prior-year period, with organic net sales decreasing by 8%.
Strong growth in The Americas was offset by negative impacts from COVID-related restrictions in China and suspension of commercial activities in Russia and Ukraine.
Net earnings were $52 million, and diluted earnings per share was $0.14.
Adjusted diluted net earnings per common share was $0.42.
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 enters the fiscal year during a volatile period of record inflation, supply chain disruptions, strengthening U.S. dollar, risk of a slowdown in many markets globally, and with a strong headwind from the August 2022 COVID-19 restrictions in Hainan.
Positive Outlook
- More balanced growth across categories, regions and channels as the impacts of COVID-19 restrictions begin to abate.
- Targeted expanded distribution throughout the year to retailers that provide broader consumer reach.
- A continued gradual resumption of global international travel, including to Hainan.
- Incremental savings from the Post-COVID Business Acceleration Program and reinvestment in advertising and capabilities.
- Full-year effective tax rate of approximately 23%.
Challenges Ahead
- Reported net sales are forecasted to decrease between 10% and 8% versus the prior-year period.
- Organic net sales are forecasted to decrease between 6% and 4%.
- Reported diluted net earnings per common share are projected to be between $1.16 and $1.28.
- Adjusted diluted earnings per common share are expected to decrease between 34% and 28% on a constant currency basis.
- The negative currency impact equates to about $.04 of diluted earnings per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income