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BRIEF-The Estée Lauder Companies Reports Quarterly Non-GAAP Earnings Per Share Of $2.61

· 02/05/2021 06:56
BRIEF-The Estée Lauder Companies Reports Quarterly Non-GAAP Earnings Per Share Of $2.61

- Estee Lauder Companies Inc EL.N:

  • THE ESTÉE LAUDER COMPANIES REPORTS OUTSTANDING FISCAL 2021 SECOND QUARTER RESULTS

  • SEES Q3 EARNINGS PER SHARE $1.10 TO $1.20 EXCLUDING ITEMS

  • REPORTED NET SALES OF $4.85 BILLION FOR ITS Q2 ENDED DECEMBER 31, 2020, AN INCREASE OF 5% ON A REPORTED BASIS

  • QTRLY DILUTED NET EARNINGS PER COMMON SHARE WAS $2.37

  • COMPANY PLANS TO RESUME ITS SHARE REPURCHASE PROGRAM DURING SECOND HALF

  • REPORTED Q3 2021 NET SALES ARE FORECASTED TO INCREASE BETWEEN 13% AND 14% VERSUS PRIOR-YEAR PERIOD

  • QTRLY NON-GAAP EPS $2.61

  • QTRLY NON-GAAP, CONSTANT CURRENCY EARNINGS PER SHARE $2.55

  • REPORTED Q3 2021 DILUTED NET EARNINGS PER COMMON SHARE ARE PROJECTED TO BE BETWEEN $.99 AND $1.11

  • ESTEE LAUDER - COVID-19 PANDEMIC CONTINUED TO CAUSE DISRUPTION IN OPERATING ENVIRONMENT, TEMPORARILY IMPACTING SOME CONSUMER PREFERENCES IN Q2

  • Q3 2021 ADJUSTED DILUTED EARNINGS PER COMMON SHARE ARE EXPECTED TO INCREASE BETWEEN 26% AND 38% ON A CONSTANT CURRENCY BASIS

  • NOT PROVIDING SPECIFIC SALES AND EPS GUIDANCE FOR FISCAL 2021 FULL YEAR

  • QTRLY BRICK-AND-MORTAR CONSUMER TRAFFIC WAS SIGNIFICANTLY REDUCED AS COMPARED TO PRIOR-YEAR PERIOD

  • DURING Q2 OF FISCAL 2021, ONLINE SALES GROWTH REMAINED STRONG IN EVERY REGION

  • ESTEE LAUDER - TRAVEL RETAIL NET SALES ROSE SINGLE DIGITS, DRIVEN BY INCREASING TRAVEL WITHIN ASIA/PACIFIC REGION IN QUARTER

  • QTRLY NET SALES IN MAKEUP DECLINED AT ALL BRANDS

  • DEMAND FOR SKIN CARE, FRAGRANCE AND HAIR CARE PRODUCTS HAS GENERALLY BEEN MORE RESILIENT THAN DEMAND FOR MAKEUP IN QUARTER

  • EFFECTS OF COVID-19 CONTINUED TO DISPROPORTIONATELY IMPACT MAKEUP USAGE IN MOST MARKETS, PARTICULARLY FOUNDATION AND LIP

  • CONSUMERS RE-ENGAGED WITH LUXURY AND ARTISANAL FRAGRANCES DURING HOLIDAY SEASON

  • ESTEE LAUDER COMPANIES - HOLIDAY SEASON CONTRIBUTED TO DOUBLE-DIGIT TOTAL NET SALES GROWTH FROM LE LABO, EDITIONS DE PARFUMS FRÉDÉRIC MALLE IN QUARTER

Source text for Eikon: ID:nBw9zqPxYa

Further company coverage: EL.N


((Reuters.Briefs@thomsonreuters.com;))