Estée Lauder (EL) Stock Jumps 7% After Q4 Sales Top Estimates and Loss Narrows

TLDR

• Q4 net sales rose 6.3% to $3.63 billion, beating Wall Street’s estimate of $3.55 billion
• Adjusted EPS came in at $0.39, topping the $0.32 analyst consensus
• Quarterly loss narrowed sharply to $116 million from $546 million a year ago
• Company confirmed net reduction of 10,000 jobs, hitting the high end of its guided range
• Adjusted operating margin guidance raised to 12.7%-13.5%, up from 12.5%-13%

Estée Lauder stock jumped roughly 7% in premarket trading Wednesday, hitting $90.81, after the beauty company posted quarterly results that topped analyst expectations and showed its turnaround continuing to take shape.

The Estée Lauder Companies Inc., EL

Net sales for the fiscal fourth quarter ended June 30 climbed 6.3% to $3.63 billion. That beat Wall Street’s estimate of $3.55 billion. Adjusted earnings per share came in at $0.39, ahead of the $0.32 analysts had expected.

The quarterly loss narrowed to $116 million, or $0.32 per share, from $546 million, or $1.51 per share, in the same quarter a year ago.

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