BRIEF-The Estée Lauder Companies Reports Quarterly Non-GAAP Earnings Per Share Of $2.61
Feb 5 (Reuters) - 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
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