Insight Report 3 minutes PremiumEstée Lauder (EL) 2Q16 Results: Company Beats Consensus Estimates, but Lowers Outlook Coresight Research February 5, 2016 Executive Summary Estée Lauder reported that 2Q16 net sales rose by 2.6% year over year, to $3.1 billion, slightly above the consensus estimate and company guidance. Excluding currency and accelerated orders, net sales increased by 8% year over year. Diluted non-GAAP EPS was $1.22, above the consensus estimate of $1.09 and up 7.9% from the prior-year quarter. Excluding currency, adjusted EPS growth was 18%. The fastest growing segment was hair care, increasing by 9% year over year, to $149.0 million, versus consensus of $141.5 million. Sales were primarily driven by expanded global distribution, primarily in salons and freestanding stores. In terms of dollar contribution, makeup segments were the largest, more than offsetting the decline in skin care. Third-quarter guidance calls for revenues to increase by 2%–3% and for adjusted EPS of $0.53–$0.58, below analysts’ estimates of $0.76. The company lowered its full-year earnings guidance to $3.07–$3.12 per diluted share, compared to $3.10–$3.17 previously and below the consensus of $3.18. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 22: US Store Closures Up 19% Year Over YearExploring International Home and Home-Improvement Sector Retailing in the UAEMarket Outlook: US Foodservice—Value Initiatives Take Center Stage Amid Waning Consumer TrafficUS Apparel and Beauty Spending Tracker, September 2023: Clothing and Footwear Growth Softens Substantially, While Beauty Growth Remains Resilient