Estée Lauder : Strong EPS growth in Q4
(CercleFinance.com) - For Q4 2023-24, Estée Lauder has posted adjusted EPS (non-GAAP) of $0.
64, compared with just 7 cents a year earlier, on revenues up 7% to $3.87bn.
The cosmetics group's organic revenues rose by 8%, thanks to a strong 32% increase in the EMEA (Europe, Middle East and Africa) zone, which more than offset declines of 5% in the Americas and 4% in Asia-Pacific.
Estée Lauder's full-year adjusted EPS fell 25% to $2.59, although this exceeded its targets, while its revenues contracted 2% organically, with a return to growth in H2.
For 2024-25, the group expects 7% to 15% adjusted EPS growth, to between $2.78 and $2.98 at constant exchange rates, with organic revenue growth of between -1% and +2%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
64, compared with just 7 cents a year earlier, on revenues up 7% to $3.87bn.
The cosmetics group's organic revenues rose by 8%, thanks to a strong 32% increase in the EMEA (Europe, Middle East and Africa) zone, which more than offset declines of 5% in the Americas and 4% in Asia-Pacific.
Estée Lauder's full-year adjusted EPS fell 25% to $2.59, although this exceeded its targets, while its revenues contracted 2% organically, with a return to growth in H2.
For 2024-25, the group expects 7% to 15% adjusted EPS growth, to between $2.78 and $2.98 at constant exchange rates, with organic revenue growth of between -1% and +2%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.