Estee Lauder (EL) Tops Q1 EPS by 24c, Updates Guidance

Estée Lauder (NYSE: EL) reported Q1 EPS of $1.21, $0.24 better than the analyst estimate of $0.97. Revenue for the quarter came in at $3.27 billion versus the consensus estimate of $3.17 billion.

GUIDANCE:

Estée Lauder sees FY2018 EPS of $4.04-$4.12, versus the consensus of $3.99.

Full Year Fiscal 2018

• Net sales are forecasted to increase between 10% and 11% versus the prior-year period.
• Foreign currency translation is expected to positively impact sales by approximately 2% versus the prior-year period.
• Net sales are forecasted to grow between 8% and 9% in constant currency. The Company’s fiscal 2017 acquisitions of Too Faced and BECCA are forecasted to contribute approximately 2 percentage points of incremental sales to the Company’s overall sales growth.
• Reported diluted net earnings per share are projected to be between $3.77 and $3.88.
• The Company expects to take charges associated with previously approved restructuring and other activities in fiscal 2018 of approximately $135 million to $155 million, equal to $.24 to $.27 per diluted common share.
• Diluted net earnings per share before charges associated with restructuring and other activities are projected to be between $4.04 and $4.12.
• The positive currency impact on the sales growth equates to about $.16 of earnings per share. On a constant currency basis, before charges associated with restructuring and other activities, diluted earnings per share are expected to increase between 12% and 14%.

For earnings history and earnings-related data on Estée Lauder (EL) click here.

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