Estée Lauder Guides FY22 Adj. EPS Above Estimates – Quick Facts

While reporting financial results for the fourth quarter on Thursday, Estée Lauder Cos., Inc. (EL) initiated earnings and sales growth guidance for the first quarter and for the full-year 2022.

For the first quarter, the company expects earnings in a range of $1.49 to $1.61 per share and adjusted earnings in a range of $1.55 to $1.65 per share on reported net sales growth of 17 to 19 percent, with a growth of 11 to 13 percent on a constant currency basis.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.83 per share on revenues of $4.21 billion for the quarter. Analysts’ estimates typically exclude special items.

Looking ahead to fiscal 2022, the company now projects earnings in a range of $7.04 to $7.26 per share and adjusted earnings in a range of $7.23 to $7.38 per share on reported net sales growth of 13 to 16 percent, with a growth of 9 to 12 percent on a constant currency basis.

The Street is looking for earnings of $7.14 per share on a sales growth of 14.0 percent to $18.29 billion for the year.

For a longer-term, the Company expects to return to its growth targets of 6% to 8% sales growth, 50 basis points of operating margin expansion and double-digit adjusted diluted earnings per share growth in constant currency after a period of normalization as the impacts of COVID-19 subside.

“Our growth engines are poised to increasingly diversify as Makeup and Hair Care, developed markets in the west, and brick-and-mortar retail gradually recover and complement the strength of our existing growth engines,” said Fabrizio Freda, President and Chief Executive Officer.

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