Company Earnings UpdateEstée Lauder (NYSE: EL) 2Q19 Results: Sales Reach $4 Billion; Company Raises Sales and EPS Guidance for Full Year Coresight Research February 6, 2019 Executive Summary Estée Lauder reported 2Q19 revenues of $4.0 billion, up 7.0% year over year and beating the $3.9 billion consensus estimate. Non-GAAP EPS was $1.74, compared to $1.52 in the year ago quarter, up 14.5%. Skin care, the company’s largest category at 43% of sales, rose 16% on a reported basis driven by the Estée Lauder, La Mer, Clinique and Origins brands. The Asia Pacific region showed strong growth, with over half of the regions showing double digit growth. The company forecast 3Q19 revenue growth of 5-6%, compared to the consensus estimate of 2.5%. The company raised its full year EPS guidance to $4.92-5.00, versus the prior guidance of $4.73-4.82, compared to the consensus estimate of $4.86. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Weekly US Store Openings and Closures Tracker 2025, Week 49: Claire’s Closes 146 More Stores Than AnnouncedApparel and Footwear Shopping in Focus—Amazon and Walmart Lead; NIKE Ranks as Top Brand: US Consumer Survey InsightsKering and L’Oréal Announce €4 Billion Strategic Partnership—Multibrand Luxury and Beauty Firms Playing To Their StrengthsFinancial Confidence Reaches Five-Month High; TJX Dominates Off-Price Retail; Dollar Tree Leads Dollar Stores: US Consumer Survey Insights
