Estée Lauder Guides FY EPS to $2.52-$2.85
EL sits 30% above its 52-week low of $66.22.
Summary
Estée Lauder issued fiscal-year EPS guidance of $2.52 to $2.85, its first explicit full-year earnings range following its restructuring program and the termination of merger talks with Puig. The company sees its Profit Recovery and Growth Plan (PRGP) delivering total gross benefits of $1.2 billion, at the high-end of the previously communicated range, and a total net reduction of 10,000 positions, also at the high-end of the previously communicated range. Estée Lauder overachieved its PRGP restructuring expectations and affirmed its fiscal 2027 outlook for organic net sales growth of 3% to 5%. Fourth-quarter organic net sales growth was 5%, and the company forecasts annual profit above estimates on strong China demand. The EPS guidance range implies a wide spread, reflecting ongoing uncertainty around restructuring costs and demand recovery.
At the time of this announcement, EL was trading at $86.31 on NYSE in the Trade & Services sector, with a market capitalization of approximately $30.5B. The 52-week trading range was $66.22 to $121.64. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.