===Estee Lauder (EL) reported earnings on Wed 1 Nov 23 (b/o)

 

Estee Lauder beats by $0.32, reports revs in-line; guides Q2 EPS below consensus; guides FY24 EPS below consensus

• Reports Q1 (Sep) earnings of $0.11 per share, excluding non-recurring items, $0.32 better than the FactSet Consensus of ($0.21); revenues fell 10.6% year/year to $3.52 bln vs the $3.53 bln FactSet Consensus.
• Co issues downside guidance for Q2, sees EPS of $0.48-0.58, excluding non-recurring items, vs. $1.21 FactSet Consensus. Reported net sales are forecasted to range between a decrease of 2% and an increase of 1% versus the prior year.
• The Company is lowering its outlook to reflect the slower pace of recovery in net sales and margins as a result of incremental external headwinds. In mainland China, the expected growth rate of overall prestige beauty has slowed. To reflect this trend, the Company is lowering its fiscal 2024 expectations for mainland China and Asia travel retail. Amid this headwind, the Company continues to expect to reset retailer inventory in Asia travel retail by the end of the third quarter of fiscal 2024. This, combined with the potential risks of further business disruptions in Israel and other parts of the Middle East as well as currency headwinds, are increasing the pressure on the Company's fiscal 2024 financial results. 
• Co issues downside guidance for FY24, sees EPS of $2.17-2.42, excluding non-recurring items, vs. $3.60 FactSet Consensus. Reported net sales are forecasted to range between a decrease of 2% and an increase of 1% versus the prior year.
  • The full year outlook reflects the following assumptions and expectations:
    • A return to net sales growth in the second half of fiscal 2024.
    • Full-year gross margin expansion primarily driven by strategic price increases, discount reductions and lower obsolescence charges, largely offset by manufacturing under-absorption. Contraction in the first half of fiscal 2024 is expected to be more than offset by expansion in the second half.
    • Progressive operating margin improvement throughout the second half of fiscal 2024 due to the cadence of the improvement of the Asia travel retail business and in mainland China.
    • Full year effective tax rate of approximately 28%.

Insider Trading : Wed 5/17/23

Notable purchases -- CEO/Founder adds to SYM; notable sales -- Executives active in JPM

Buyers:

• AVD Director bought 20,000 shares at $16.74 worth ~$335K.
• AWR Director bought 2,000 shares at $89.99 worth ~$180K.
• BFH 10% owner Turtle Creek bought 210,000 shares at $26.24 - $28.31 worth ~$5.8 mln.
• CPE Director bought 10,000 shares at $30.245 worth ~$302K.
• CTOS Director bought 40,000 shares at $6.35 - $6.58 worth ~$259K.
• EGBN Executive Vice President/Chief Legal Officer and two (2) Directors bought a total of 12,000 shares at $17.50 - $17.85 worth ~$212K.
• EYE Chief Executive Officer bought 12,625 shares at $23.75 - $23.82 worth ~$301K.
• FARO Executive Chairman and two (2) Directors bought a total of 41,255 shares at $10.42 - $11.74 worth ~$468K.
• G Director bought 5,000 shares at $36.91 - $36.94 worth ~$185K.
• NWBI Director bought 15,000 shares at $10.61 - $10.72 worth ~$160K.
• PRCH Chief Executive Officer, Chairman, and Founder bought 209,440 shares at $1.01 - $1.19 worth ~$231K.
• RYAM President/Chief Executive Officer and one (1) Director bought a total of 65,000 shares at $4.47 - $4.62 worth ~$291K.
• SLQT Chief Executive Officer, President, and three (3) Directors bought a total of 925,000 shares at $1.16 - $1.28 worth ~$1.2 mln.
• SYM Director bought 8,000 shares at $24.70 worth ~$198K.
• TOST Director bought 635,000 shares at $19.24 - $20.00 worth ~$12.5 mln.
• TSN Director bought 20,500 shares at $48.86 - $48.99 worth ~$1.0 mln.
• VPG Director bought 10,000 shares at $33.83 - $34.225 worth ~$340K.

Sellers:

• BMEA 10% owner A2A Pharmaceuticals sold 25,000 shares at $33.50 - $34.50 worth ~$846K.
• CR President and Chief Executive Officer sold 37495 shares at $75.80 - $76.80 worth ~$2.9 mln.
• EL Executive Group President sold 9,869 shares at $198.39 - $200.97 worth ~$2.0 mln.
• JPM Chief Risk Officer, Chief Information Officer, CEO of Asset & Wealth Management, CEO of Commercial Banking, and Vice Chairman sold a total of 46,983 shares at $134.80 - $135.02 worth ~$6.3 mln.
• SMPL Director sold 15,133 shares at ~40.00 worth ~$605K.

Estee Lauder (EL) reported earnings on Thur 20 Aug 20 (b/o)

** charts after earnings **

 

 Estee Lauder will pay quarterly dividend of $0.48 per share on Class A and Class B Common Stock on September 15, 2020 to stockholders of record at the close of business on August 31, 2020 (previously suspended dividend)

Estee Lauder misses by $0.36, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; initiates Post-COVID Business Acceleration Program 

Reports Q4 (Jun) loss of $0.53 per share, $0.36 worse than the S&P Capital IQ Consensus of ($0.17); revenues fell 32.3% year/year to $2.43 bln vs the $2.45 bln S&P Capital IQ Consensus.

Co issues downside guidance for Q1, sees EPS of $0.80-0.85 vs. $1.21 S&P Capital IQ Consensus; sees Q1 revs of decline of 12-13% to ~$3.39-3.43 bln vs. $3.46 bln S&P Capital IQ Consensus.

FY21 Outlook

• Given the uncertainty around the timing, speed and duration of the recovery from the adverse impacts of COVID-19, the Company is not providing specific sales and EPS guidance for the fiscal 2021 full year. The Company is confident it is well-positioned to facilitate the recovery in fiscal 2021 as the market dynamics support it. The Company continues to implement strict cost control actions to manage the business in response to COVID-19. These include the reduction of travel, meeting, and consulting expenses as well as a reduction of employee costs, including a hiring freeze and temporary salary reductions for senior executives and other management employees, and a temporary elimination of cash retainers for the Board of Directors. The Company's actions to control costs during this very volatile moment, while maintaining the flexibility to make strategic investments in the areas of greatest opportunity, are expected to help it emerge strongly as the global recovery begins.

Post-COVID Business Acceleration Program - The pandemic has rapidly accelerated macro trends in global prestige beauty that were expected over a longer time horizon. These trends include shifts in where consumers shop, what they value, why they purchase the Company's products, and how they engage with the Company's brands in an increasingly digital and omnichannel world.

• As a result, the Company today announced a two-year initiative to rebalance investments to address the dramatic shifts in the distribution landscape and consumer behavior post-COVID-19. This will include reducing the Company's retail footprint, primarily in Europe, the Middle East & Africa and in North America, and increasing digital investments to reflect a dramatic shift in consumer shopping to online and omnichannel capabilities in the more productive brick-and-mortar footprint. This program is expected to position the Company to better execute its long-term strategy while strengthening its financial flexibility.
• Post-COVID Business Acceleration Program will begin during the Company's fiscal 2021 first quarter. Specific initiatives are expected to be approved through the end of fiscal 2022 and completed through fiscal 2023. Key actions include:
  • Realignment of the Company's distribution network, reflecting certain department store closures and freestanding store rationalization while accelerating the shift to online.
  • Further investment in digital capabilities, omnichannel, talent, and advertising and promotional activities to support continued share improvement and business acceleration.
  • Implementing increased confident beauty practices at retail and adoption of new ways of working, in light of the ongoing pandemic.
• In connection with the Post-COVID Business Acceleration Program, at this time the Company estimates a net reduction in the range of approximately 1,500 to 2,000 positions globally, primarily point of sale employees and related support staff in the areas that were the most disrupted, which is about 3% of its current workforce including temporary and part-time employees. This reduction takes into account the elimination of some positions, retraining and redeployment of certain employees, and investment in new positions in key areas like online.
• The Company also estimates the closure of between 10-15% of its freestanding stores globally, as well as certain less productive department store counters that the Company elects to close.
• Once fully implemented, the Company expects to take restructuring and other charges of between $400 million and $500 million, before taxes, consisting of employee-related costs, contract terminations across areas being restructured, asset write-offs and other costs associated with implementing these initiatives.

Earnings this week : August 17 - 21, 20 (wk 34)

Monday (Aug 17)

• Morning: JD
• Afternoon: BEST FN

Tuesday (August 18)

• Morning: AAP AMCR GDS HD KC KSS LX SE SFL WMT
• Afternoon: ATGE A CREE JKHY LZB SUPN

Wednesday (August 19)

• Morning: ADI LOW TGT TJX VIPS
• Afternoon: LB NDSN NVDA SQM SNPS

Thursday (August 20)

• Morning: BABA BJ EL MLCO
• Afternoon: KEYS OSIS ROST

Friday (August 21)

• Morning: BZUN BKE DE FL PDD 

*****

Earnings spotlight: 

• JD.com (NASDAQ:JD) on August 17; 
• Walmart (WMT), Home Depot (HD), Kohl's (NYSE:KSS), Advance Auto Parts (NYSE:AAP) and Toll Brothers (NYSE:TOL) on August 18; 
• Lowe's (LOW), Target (TGT), TJX Companies (NYSE:TJX), Nvidia (NASDAQ:NVDA) and L Brands (NYSE:LB) on August 19; 
• Alibaba (NYSE:BABA), BJ's Wholesale (NYSE:BJ), Estee Lauder (NYSE:EL), and Ross Stores (NASDAQ:ROST) on August 20 and 
• Buckle (NYSE:BKE), Foot Locker (NYSE:FL) and Deeere (NYSE:DE) on August 21.

-=Estee Lauder (EL) reported earnings on Mon 19 Aug 2019 (b/o)

(Reuters) - Estee Lauder Cos Inc on Monday forecast full-year revenue and profit above Wall Street expectations, putting to bed concerns of slowing demand in China due to trade tensions and Hong Kong protests as sales of its luxury skin care products soared, propelling its shares to a record high.

Cosmetic companies like Estee Lauder and L'Oreal are seeing a boom in their business in the Asia-Pacific region, mainly in China, as affluent millennials spend more at beauty retailers and duty-free stores at airports.

Shares of Estee Lauder, which reported better-than-expected fourth-quarter results, rose as much as 11% to $198.62.

The company has been selling 10 of its brands including M.A.C and Tom Ford on Alibaba's online marketplace Tmall, in a bid to boost its presence in the Asian market.

The efforts helped sales in the Asia-Pacific region grow 18% in the fourth quarter, while sales in the skincare business, its biggest and most profitable, rose 15% to $1.59 billion, boosted by demand for its premium skincare brands such as La Mer and Clinique.

Estee Lauder expects full-year sales to grow in the range of 7% to 8% and adjusted profit between $5.90 and $5.98 per share in fiscal 2020.

Analysts had expected sales growth of 6.87% and profit of $5.81 per share.

Estee Lauder, which also forecast first-quarter sales growth and profit above expectations, said the outlook took into account the potential impact of the Hong Kong protests and the protracted U.S.-China trade dispute, as well as costs related to Britain's impending exit from the European Union.

"We are not seeing any slowdown in China at this point in time" Chief Executive Officer Fabrizio Freda said.

Freda said Hong Kong, including travel retail, represented less than 4% of the company's business globally, and the company was working to recover some of the potential losses in Hong Kong from other markets.

Earnings this week : Aug 19 - 23, 19 (wk 34)

Monday (Aug 19)

• Morning: EL  QIWI  SINA  WB
• Afternoon: BIDU FN IQ

Tuesday (Aug 20)
Morning: CMCM HD KSS MDT MSG PINC PLAB PPDF SDRL SE SFL TJX

• Afternoon: AMCR CREE JKHY LZB NDSN SCSC TOL URBN

Wednesday (Aug 21)

• Morning: ADI BZUN KLXE LOW MSGN PLCE   PDD  RY TGT VIOT
• Afternoon: HTHT JWN KEYS LB PSTG QADA SNPS  SPLK WUBA ZAYO

Thursday (Aug 22)

• Morning: BJ CM DKS FLWS FLY GSX  HMLP HRL TTC
• Afternoon: ATGE CRM GPS HPQ INTU ROST VMW

Friday (Aug 23) 

• Morning: BKE  FL HIBB

Notable earnings reports:

• Baidu (NASDAQ:BIDU) and Estee Lauder (NYSE:EL) on August 19; 
• Home Depot (HD), TJX Companies (NYSE:TJX), Toll Brothers (NYSE:TOL), Urban Outfitters (NASDAQ:URBN) and Kohl's (NYSE:KSS) on August 20; 
• Splunk (NASDAQ:SPLK), Target (NYSE:TGT), Nordstrom (NYSE:JWN), Lowe's (LOW) and Analog Devices (NASDAQ:ADI) on August 21; 
• Salesforce.com (NYSE:CRM), VMWare (NYSE:VMW), HP Inc. (NYSE:HPQ), Gap (NYSE:GPS) and Dick's Sporting Goods (NYSE:DKS) on August 22; 
• Foot Locker (NYSE:FL) on August 23.

=Estee Lauder (EL) reported earnings on Tue 5 Feb 2019 (b/o)

Estee Lauder beats by $0.01, beats on revs; guides Q3 EPS above consensus; guides FY19 EPS above consensus

• Reports Q2 (Dec) earnings of $1.55 per share, $0.01 better than the S&P Capital IQ Consensus of $1.54; revenues rose 7.0% year/year to $4 bln vs the $3.92 bln S&P Capital IQ Consensus.
• Co issues upside guidance for Q3, sees EPS of $1.26-1.28, excluding non-recurring items, vs. $1.24 S&P Capital IQ Consensus.
  • Reported net sales are forecasted to increase between 5% and 6% versus the prior-year period, including a 5% impact from currency translation and a 2% benefit from the adoption of ASC 606. Excluding these items, net sales are expected to grow between 8% and 9%.
    • Current cap iq consensus estimates Q3 revs +2.4% Y/Y
• Co issues upside guidance for FY19, sees EPS of $4.92-5.00, excluding non-recurring items, vs. $4.86 S&P Capital IQ Consensus.
  • Reported net sales are forecasted to increase between 5% and 6% versus the prior-year period, which includes a 3% impact from currency translation and no impact from the adoption of ASC 606. Excluding these items, net sales are forecasted to grow between 8% and 9%, above the Company's long-term growth goal of 6% to 8%.
    • Current cap iq consensus estimates 2019 revs +4.7% 
• Co states, "Our strongest growth engines this quarter included the skin care category globally, the Asia/Pacific region, the online and travel retail channels, and most brands, including Este Lauder, La Mer, MAC and our artisanal fragrance brands."

Earnings this week : Feb. 4 - 8, 2019 (wk 6)

Earnings expected this week:

Monday (Feb 4)

• Morning: ALXN CLX ON SYY
• Afternoon: AVB FN GILD GOOG GLUU HIG LM STX

Tuesday (Feb 5)

• Morning: ADM AME ARMK BDX CHD CNC EL EMR ENR INGR IT LII LITE RL 
• Afternoon: ALL APC APU CB CERN DATA DIS DOX  EA MANH  MCHP MODN  MTSI MYGN MXL OI  PAA  PAYC SAVE SCSC  SFLY   SNAP SWKS TCS  TENB ULTI USNA VNOM VRTX ZEN

Wednesday (Feb 6)

• Morning:  ABG BSX BCO CSTE CPRI CTSH CMI ELAN FDC FDV GM HUM LLY  NYT REGN  SPOT TRVG  TTWO 
• Afternoon: ACLS AEL AHL AINV AOSL BLKB CCK CCMP CDAY CENT CINF CMG CSGS CUB CUZ DHT ECHO EGP ELY ENS ENSG FEYE FLO FLT FORM FTNT GBDC GPRO HQY ICHR IRBT KNL LCI LNC MC MET MTCH MTRX NEWR NOV NTGR NTR NXPI ORLY OSUR PAHC PCTY PRU PSDO PSEC RGLD RYN SONO TRMB TTGT TTMI TWO UHAL VVV WERN ZNGA

Wed pm/Thur am (vol) https://finviz.com/screener.ashx?v=211&t=ACLS,AEL,AHL,AINV,AOSL,BLKB,CCK,CCMP,CDAY,CENT,CINF,CMG,CSGS,CUB,CUZ,DHT,ECHO,EGP,ELY,ENS,ENSG,FEYE,FLO,FLT,FORM,FTNT,GBDC,GPRO,HQY,ICHR,IRBT,KNL,LCI,LNC,MC,MET,MTCH,MTRX,NEWR,NOV,NTGR,NTR,NXPI,ORLY,OSUR,PAHC,PCTY,PRU,PSDO,PSEC,RGLD,RYN,SONO,TRMB,TTGT,TTMI,TWO,UHAL,VVV,WERN,ZNGA,ADNT,ADS,AMAG,ANDX,ARW,BCE,BR,BSIG,BV,CAH,CDW,CEIX,CNHI,COR,DNKN,DTE,EIGI,EPC,FCAU,GRA,GRUB,HAIN,HBI,ICE,K,LABL,LCII,LH,MAC,MAS,MD,MMS,MPC,MPLX,MPW,ODFL,PAG,PBH,PENN,PM,PRLB,PTEN,SEE,SNA,SNY,SPB,SPGI,TGI,TKR,TMUS,TPR,TSN,TWTR,VIRT,VSTO,WLTW,WMS,WWE,YUM&ta=0&o=-volume

Thursday (Feb 7)

• Morning: ADNT ADS AMAG ANDX ARW BCE BR BSIG BV CAH CDW CEIX CNHI COR DNKN DTE EIGI EPC FCAU GRA GRUB HAIN HBI ICE K LABL LCII LH MAC MAS MD MMS MPC MPLX MPW ODFL PAG PBH PENN PM PRLB PTEN SEE SNA SNY SPB SPGI TGI TKR TMUS TPR TSN TWTR VIRT VSTO WLTW WMS WWE YUM
• Afternoon: ATEN ATGE ALNY ASYS ANGI MT ATHN BECN BHE BKH CARB CSL CBL CCS COLM OFC DXC EGAN EHC ESE EEFT EXPE FISV FSCT FTV FET FWRD G HUBG IAC KN LGND MTW MCFT MAT MTD MOBL MHK MSI NCR UEPS NR NWSA NUAN OMCL CNXN PMT POWI PRI PRO QRVO QNST RPD RSG SGEN SKX SWI SYNA TDC TBI USX VRSN VVI VSAT VRTU VCRA WTS WU ZAYO 

Friday (Feb 8)

• Morning: ARNC AVA BPL CAE CBOE CLF COTY ESNT EXC GT GRC EAF HAS IMGN PCG PSX  PSXP RDN UNVR VTR 

-=Estee Lauder (EL) reported earnings on Wed 31 Oct 2018 (b/o)

Estee Lauder beats by $0.18, beats on revs; guides Q2 EPS below consensus, revs in-line; raises FY19 EPS guidance, reaffirms FY19 revs guidance

Reports Q1 (Sep) earnings of $1.41 per share, excluding non-recurring items, $0.18 better thanthe S&P Capital IQ Consensus of $1.23; revenues rose 7.6% year/year to $3.52 bln vs the $3.48 bln S&P Capital IQ Consensus.

"The Company continues to see strong consumer demand for its high-quality products and expects to continue to deliver growth at the high end of its long-term net sales and earnings per share growth targets. We continue to expect global prestige beauty to grow 5% to 6% during the fiscal year. The Company expects to grow ahead of the industry. However, the Company is mindful of risks related to social and political issues, geopolitical tensions, regulatory matters, global security issues, currency volatility and economic challenges affecting consumer spending in certain countries and travel corridors."

Co issues guidancefor Q2, sees EPS of $1.47-1.50, excluding non-recurring items, vs. $1.63 S&P Capital IQ Consensus; sees Q2 revs of $3.89-3.93 bln (+4-5%) vs. $3.92 bln S&P Capital IQ Consensus.

Co issues guidancefor FY19, sees EPS of $4.73-4.82 (Prior $4.62-4.71), excluding non-recurring items, vs. $4.77 S&P Capital IQ Consensus; sees FY19 revs of $14.24-14.38 bln (+4-5%) vs. $14.32 bln S&P Capital IQ Consensus.

-=Estee Lauder (EL) reported earnings on Mon 20 Aug 18 (b/o)

Estee Lauder beats by $0.05, beats on revs; guides Q1, FY19 below consensus 

• Reports Q4 (Jun) earnings of $0.61 per share, excluding non-recurring items, $0.05 better thanthe S&P Capital IQ Consensus of $0.56; revenues rose 13.9% year/year to $3.29 bln vs the $3.25 bln S&P Capital IQ Consensus.
• Co issues downside guidance for Q1, sees EPS of $1.18-1.22, excluding non-recurring items, vs. $1.31 S&P Capital IQ Consensus; sees Q1 revs of $3.44-3.47 bln (+5-6%) vs. $3.5 bln S&P Capital IQ Consensus.
• Co issues downside guidance for FY19, sees EPS of $4.62-4.71, excluding non-recurring items, vs. $4.99 S&P Capital IQ Consensus; sees FY19 revs of $14.23-14.37 bln (+4-5%) vs. $14.51 bln S&P Capital IQ Consensus.
• Global prestige beauty is continuing to perform exceptionally well and is estimated to grow 5% to 6% during the fiscal year. The Company expects to grow ahead of the industry. Last quarter, the Company disclosed it was conducting a review of certain testing related to product advertising claims support. The review is ongoing and, based on the review to date, the Company does not believe that this matter will be material. For fiscal 2019, there are two items expected to negatively impact sales growth. The Company has adopted the new revenue recognition accounting standard using a modified retrospective adoption method, which means fiscal year 2018 is not restated. As fiscal 2019 is the transition year for this accounting change, the year-over-year growth rate will be reduced as a result of adopting this new standard. The recent strengthening of the U.S. dollar is also expected to negatively impact growth.

Earnings this week : Aug 20 - 24, 18 (wk 34)

Earnings confirmed to report this week:

Monday (August 20)

• Morning:  EL, IX, AU,  CMCM, HMI, SIEB, NESR, FENC
• Afternoon: NDSN LTM FANH FN TEDU ARL CMLS, EIGR  

Tuesday (Aug 21)

• Morning:  COTY  DAKT JILL KSS  MDT PINC SJM TJX TOL
• Afternoon:   BBL GSM KEYS JKHY PSTG SE MYGN LZB  RRGB URBN

Wednesday (Aug 22)

• Morning:  ADI BITA BNED FRO LOW MOMO PLAB RY SFL TGT UXIN 
• Afternoon:  BRY   BSBR HTHT LB SMRT SNPS SQM WSM QADA  ZAYO

Thursday (Aug 23)

• Morning:  BABA VMW INTU CM HPQ LX HRL  CTRN FLWS FLY HMLP  LANC  PLCE  SAFM SPWH TTC
• Afternoon:  ADSK GLOB GPS HPQ INTU OSIS ROST  SPLK VEEV VMW

Friday (Aug 24)

• Morning:  BKE FL HIBB UBNT

-=Estee Lauder (EL) reported earnings on Wed 2 May 2018 (b/o)

Estee Lauder beats by $0.10, beats on revs; raises FY18 guidance 

• Reports Q3 (Mar) earnings of $1.17 per share, excluding non-recurring items, $0.10 better thanthe Capital IQ Consensus of $1.07; revenues rose 18.0% year/year to $3.37 bln vs the $3.25 bln Capital IQ Consensus.
• Co issues raised guidancefor FY18, sees EPS of $4.38-4.42 from $4.27-4.32, excluding non-recurring items, vs. $4.38 Capital IQ Consensus Estimate; sees FY18 revs of +15-16% from +12.5-13.5% to ~$13.6-13.7 bln vs. $13.43 bln Capital IQ Consensus Estimate.
• Global prestige beauty is performing exceptionally well and is estimated to grow 6% to 7% during the fiscal year. The Company expects to grow about double the industry for fiscal 2018, benefiting from loyalty to its high-quality products, strong innovation, outreach to new target consumers and growth from recent acquisitions. The continued emphasis on a digital-first approach and on fast-growing markets and channels are also expected to contribute to growth.

-=Estee Lauder (EL) reported earnings on Wed 1 Nov 2017 (b/o)

• Oct. 25; #15; vol. 1.9M   +9%

Estee Lauder beats by $0.24, beats on revs; guides Q2 EPS below consensus, revs above consensus; guides FY18 EPS below consensus, revs above consensus 

• Reports Q1 (Sep) earnings of $1.21 per share, excluding non-recurring items, $0.24 better thanthe Capital IQ Consensus of $0.97; revenues rose 14.3% year/year to $3.27 bln vs the $3.16 bln Capital IQ Consensus.
• Co issues mixed guidance for Q2, sees EPS of $1.31-1.34, excluding non-recurring items, vs. $1.41 Capital IQ Consensus Estimate; sees Q2 revs of $3.7-3.77 bln vs. $3.54 bln Capital IQ Consensus Estimate.
• Co issues mixed guidance for FY18, sees EPS of $3.88-3.96, excluding non-recurring items, vs. $3.98 Capital IQ Consensus Estimate; sees FY18 revs of $13.08-13.13 bln vs. $12.87 bln Capital IQ Consensus Estimate.
• "We delivered an outstanding financial performance in our fiscal 2018 first quarter, demonstrating the power of our diverse brand portfolio to leverage our multiple engines of growth. Building on the global momentum of the last fiscal year, we benefitted from a continued acceleration in China, Hong Kong, travel retail and global online, strength in several developed and emerging markets in Europe, and incremental sales from Too Faced and BECCA. 

=Estee Lauder (EL) reported earnings on Fri 18 August 17 (b/o)

Estee Lauder beats by $0.08, beats on revs; guides Q1 EPS above consensus, revs above consensus; guides FY18 EPS above consensus, revs above consensus(98.32 )

• Reports Q4 (Jun) earnings of $0.51 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of $0.43; revenues rose 9.4% year/year to $2.89 bln vs the $2.86 bln Capital IQ Consensus.

Outlook

• Co issues upside guidancefor Q1, sees EPS of $0.94-0.97 vs. $0.92 Capital IQ Consensus Estimate; sees Q1 revs of +9-10% YoY to ~$3.12-3.15 bln vs. $3.08 bln Capital IQ Consensus Estimate.
• Co issues upside guidancefor FY18, sees EPS of $3.87-3.94 vs. $3.78 Capital IQ Consensus Estimate; sees FY18 revs of +8-9% YoY to ~$12.7-12.9 bln vs. $12.59 bln Capital IQ Consensus Estimate.

=M.A.C. will be sold at Nordstrom Rack

M.A.C. cosmetics will soon be available at Nordstrom Rack, a first for the discount retailer as it previously did not carry any other cosmetic lines. The agreement will allow M.A.C. to move its discounted or soon-to-be-discounted products off of valuable counter space and on to the lower priced retailer’s shelves.


M.A.C., which is owned by the Estée Lauder group,  has sold its products at Nordstrom for years, but now the makeup brand is expanding its partnership with the department store chain. Some of its products will be available at the company’s chain of discount stores, Nordstrom Rack. The retailer is expected to sell M.A.C. products at 20 to 55 percent off full-price.

Nordstrom Rack will carry M.A.C. products that have been discounted or are about to be discontinued from the line, allowing more space for new collections and top-selling products at M.A.C.’s existing makeup counters.

M.A.C., whose prices fall into the mid to high-end range, also began selling its products at affordable beauty retailer Ulta in May of this year. Ulta is known for carrying a mix of drugstore lines such as Nyx and high-end brands like Tarte and Too Faced.

Nordstrom opened its first Nordstrom Rack store in 1973 and the company now operates 113 of the discount retailers. Nordstrom Rack also shares an e-commerce platform with Nordstrom’s flash sale brand, Hautelook.

=Estee Lauder (EL) reported earnings on Wed 2 Nov 2016 (b/o)

Estee Lauder beats by $0.04, reports revs in-line; guides Q2 EPS below consensus; guides FY17 EPS below consensus :

• Reports Q1 (Sep) earnings of $0.84 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.80; revenues rose 1.1% year/year to $2.87 bln vs the $2.89 bln Capital IQ Consensus.
• Co issues downside guidance for Q2, sees EPS of $1.10-1.15 vs. $1.31 Capital IQ Consensus Estimate. The approximate 2% negative currency impact on the sales growth equates to about $.05 of earnings per share. Net sales are forecasted to increase between 3% and 4% versus the prior-year period (consensus is for +6.4%).
• Co issues downside guidance for FY17, sees EPS of $3.38-3.44 vs. $3.47 Capital IQ Consensus Estimate.  The negative currency impact on the sales growth equates to about $.08 of earnings per share. Net sales are forecasted to increase between 6% and 7% versus the prior-year period (consensus +5.8%). On a constant currency basis, before charges associated with restructuring activities, diluted earnings per share are expected to increase between 8% and 10%. 

=Estee Lauder (EL) reported earnings on Fri 8/19/16 (b/o)

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.

=Estee Lauder (EL) reported 4Q earnings on Fri 5 Feb 2016 (before open)

** charts before earnings **




** charts after earnings **

Estee Lauder beats by $0.12, beats on revs; guides Q3 EPS below consensus, revs above consensus; guides FY16 EPS below consensus :

• Reports Q2 (Dec) earnings of $1.22 per share, excluding non-recurring items,$0.12 better than the Capital IQ Consensus of $1.10; revenues rose 2.6% year/year to $3.12 bln vs the $3.08 bln Capital IQ Consensus.
• Co issues mixed guidance for Q3, sees EPS of $0.53-0.58 vs. $0.76 Capital IQ Consensus Estimate; sees Q3 revs +2-3% yr/yr, or roughly $3.1-3.14 bln vs. $2.65 bln Capital IQ Consensus Estimate.
• Co issues downside guidance for FY16, sees EPS of $3.07-3.12 vs. $3.18 Capital IQ Consensus Estimate.

Estee Lauder (EL) reported earnings on Mon 2 Nov 2015 (b/o)

** charts before earnings **

** charts after earnings **

Estee Lauder beats by $0.12, beats on revs; guides Q2 EPS below consensus; reaffirms FY16 guidance :

• Reports Q1 (Sep) earnings of $0.82 per share, $0.12 better than the Capital IQ Consensus of $0.70; revenues rose 7.7% year/year to $2.83 bln vs the $2.78 bln Capital IQ Consensus.
• Co issues downside guidance for Q2, sees EPS of $1.04-1.08 vs. $1.20 Capital IQ Consensus Estimate.

Estee Lauder (EL) : a short candidate

EL is our first short in quite some time. While we don't recommend holding a short for an extended period in what is an otherwise bull market, EL looks positioned as a short trade with a tight leash. After the move up in February, EL has printed a negative divergence on both the daily chart (shown here) as well as the 60 Minute chart. We've also seen black candles the last two days, on increasing volume, which is another sign of reversal. If shorting stocks is something you're comfortable with, we like an entry at the current price, with a tight stop on a close ABOVE $84.60, and a conservative target of $80. Beyond $80, look for additional support in the $79-$78.50 range.