Estee Lauder beats by $0.04, reports revs in-line; guides Q1 EPS below consensus; guides FY17 EPS below consensus, revs above consensus :
- Reports Q4 (Jun) earnings of $0.44 per share, excluding non-recurring items, $0.04 better thanthe Capital IQ Consensus of $0.40; revenues rose 5.0% year/year to $2.65 bln vs the $2.66 bln Capital IQ Consensus.
- Co issues downside guidance for Q1, sees EPS of $0.73-0.77, excluding non-recurring items, vs. $0.90 Capital IQ Consensus Estimate. Net sales are forecasted to increase between 1% and 2% versus the prior-year period.
- Co issues mixed guidance for FY17, sees EPS of $3.38-3.44, excluding non-recurring items, vs. $3.53 Capital IQ Consensus Estimate; sees FY17 revs of $11.9-12.1 bln vs. $11.93 bln Capital IQ Consensus Estimate.
- Social and political issues, currency volatility and economic challenges are affecting consumer behavior in certain countries, such as Hong Kong, France, and some emerging markets. Co is also cautious of the decline in retail traffic, primarily related to mid-tier department stores, as well as certain tourist-driven doors in the United States. The co's growth has consistently outpaced global prestige beauty and, despite these global issues, is expected to grow approximately two percentage points ahead of the industry for the fiscal year. In the fiscal 2017 first quarter, they expect especially strong external headwinds when compared with the previous year.
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