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: RetailTech: Empowering Retail’s Front Line, Creating Smarter Stores—Five Tech-Driven Strategies for Associate EnablementKering and L’Oréal Announce €4 Billion Strategic Partnership—Multibrand Luxury and Beauty Firms Playing To Their StrengthsAnalyst Corner: US Foodservice Growth Prospects To Improve, But Tariff Uncertainty Looms—Market Outlook with Sujeet NaikCanada Store Openings and Closures Tracker 2025: Store Openings Edge Past Closures as Costco, Sephora and Uniqlo Expand
