- Estee Lauder Companies Inc (NYSE: EL) reported fourth-quarter FY21 sales growth of 62.1% year-on-year, to $3.94 billion, beating the analyst consensus of $3.75 billion.
- Sales in the Americas increased 86% Y/Y, Europe, Middle East & Africa rose 70%, and Asia/Pacific gained 40%.
- Gross profit rose 77% Y/Y to $2.9 billion, with the margin expanding 650 basis points to 74.9%.
- Operating expenses increased 23% Y/Y to $2.7 billion while operating expense margin was 69.0%, versus 90.8% last year.
- The operating margin was 5.9%, and operating income for the quarter was $234 million versus $(543) million last year.
- The company held $4.96 billion in cash and equivalents as of June 30, 2021.
- Adjusted EPS of $0.78 beat the analyst consensus of $0.50.
- Outlook: Estee Lauder sees Q1 FY22 adjusted EPS of $1.55 - $1.65 versus the consensus of $1.83.
- It expects Q1 reported net sales to increase 17% - 19% and organic net sales to increase 11% - 13%.
- For FY22, the company expects the adjusted EPS of $7.23 - $7.38 versus the consensus of $7.14.
- Estee Lauder sees FY22 reported sales growth of 13% - 16% and organic net sales growth of 9% - 12%.
- Price Action: EL shares are trading higher by 1.78% at $324.76 on the last check Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments