Company Earnings Update 4 minutesRegister for Free AccessEstée Lauder (EL) 2Q17 Results: Mixed Quarter, Softer Outlook Due to Currency Effects Coresight Research February 3, 2017 Executive Summary Estée Lauder reported fiscal 2Q17 adjusted EPS of $1.22, flat year over year but beating the $1.17 consensus estimate. Net sales were $3.21 billion, up 2.7% year over year but slightly missing the $3.24 billion consensus estimate. Fragrance was the strongest product category, driven by double-digit growth from some luxury brands and from acquisitions. Asia was the strongest geography, driven by double-digit growth in China and the Philippines. The company provided full-year and 3Q17 guidance ranges that were below consensus estimates, due to the negative impact of exchange rates. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Surprisingly Strong In-Store Shopping Accompanies Prime Day Week: US Consumer Tracker 2023, Week 30Earnings Insights 4Q23, Week 4: Gildan Activewear, Sprouts Farmers Market and Walmart See Strong Sales Growth; The Home Depot Sees a DeclineCoresight Bites: US Department Stores—Market OutlookRetail-Related Activities Stutter: China Consumer Tracker
