The Estée Lauder Companies Delivers Exceptional Fiscal 2020 Second Quarter Results
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Estee Lauder (EL) Tops Q2 EPS by 21c, Lowers FY EPS Guidance
February 6, 2020 6:48 AM ESTEstee Lauder (NYSE: EL) reported Q2 EPS of $2.11, $0.21 better than the analyst estimate of $1.90. Revenue for the quarter came in at $4.62 billion versus the consensus estimate of $4.35 billion.
GUIDANCE:
Estee Lauder sees FY2020 EPS of $5.60-$5.70, versus the consensus of $5.94.
Reported net sales are forecasted to increase between 6% and 8% versus the prior-year period.The Companys recent acquisition of Have & Be is forecasted to contribute approximately 1% to the Companys overall sales growth.Excluding the impact of the acquisition and 1% negative impact from currency, net... More