Estée Lauder: Q1 EPS down 28%

(CercleFinance.com) - Estée Lauder has reported adjusted EPS of 1.
37 dollar for Q1 2022-23, down 28% (-24% excluding currency effects) on sales of 3.93 billion dollars, down 11% (-5% in organic terms).

The group in particular said that Covid-19 restrictions in China were a greater challenge than expected.

For FY 2022-23, the cosmetics and fragrance group expects adjusted EPS of 5.25-5.40 dollars, with organic sales growth of 0 to 2%.


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