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Stock impact report

The Estée Lauder Companies Reports Fiscal 2024 Third Quarter Results

Estee Lauder Companies, Inc. (The) (EL) 
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: elcompanies.com/investors
Company Research Source: Business Wire
Net Sales Increased 5% and Diluted EPS Increased to $.91Organic Net Sales1 Grew 6% and Adjusted Diluted EPS Increased to $.97Asia Travel Retail Returned to Net Sales GrowthAffirms Inflection Point of Net Sales Growth and Profitability in the Second Half NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) today reported net sales of $3.94 billion for its third quarter ended March 31, 2024, an increase of 5% from $3.75 billion in the prior-year period. Organic net sales increased 6% primarily due to double-digit growth in Europe, the Middle East & Africa (“EMEA”), driven by stronger sales in Asia travel retail. The growth in Asia travel retail was driven by higher shipments reflecting significant sequential improvement in retail sales trends and continued progress in achieving targeted retailer inventory levels as well as lower shipments in the prior-year period due, in part, to transitory headwinds. The growth in organic net sales also reflected increases in severa Show less Read more
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