NYSE$EL
Estee Lauder Companies Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Net sales decreased and diluted loss per share was reported, but adjusted diluted EPS showed a decrease in constant currency, with the company observing growth in online sales and recovery in mainland China.
The Estée Lauder Companies reported a decrease in net sales and a net loss for the third quarter of fiscal 2020, impacted by COVID-19 related retail store closures. However, the company saw strong growth in online sales and a recovery in mainland China, while also implementing cost control measures and enhancing liquidity.
- Net sales decreased by 11% to $3.35 billion, or 9% excluding currency translation impacts.
- The company reported a net loss of $(6) million, with a diluted loss per share of $(.02).
- Adjusted diluted EPS fell 45% to $.86, excluding currency translation and other items.
- Global online sales rose strong double-digits, and sales in mainland China and global travel retail increased.
Headline financials
Revenue & EPS history
Estee Lauder · Revenue · Quarterly
$3.35B
Revenue by segment
Estee Lauder · $3.55B total across 4 segments · Q3 2020
- Skin Care$1.8B—50.7%
- Makeup$946M—26.6%
- Fragrance$434M—12.2%
- Hair Care$371M—10.5%
Forward guidance
Due to 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 2020 fourth quarter and full year.
Tailwinds
- Strong consumer demand for high-quality products remains intact despite temporary challenges related to COVID-19.
- The Company expects to continue to build global share, even in a declining market.
- Actions to control costs during this very volatile moment are expected to help it emerge strongly when the global recovery begins.
- Maintaining the flexibility to make strategic investments in the areas of greatest opportunity.
- Stands ready to facilitate the recovery in fiscal 2021 as soon as the market dynamics support it.
Headwinds
- The majority of retail stores will remain closed for most of the fiscal 2020 fourth quarter.
- Traffic will rebuild gradually when stores reopen around the world.
- Global prestige beauty to continue to be adversely impacted during that period.
- Some retail locations in certain markets may not reopen.
- Likely to be lingering adverse global economic and social impacts.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.2%
Avg return
Earnings day
-1.3%
Avg return
5 days after
+0.0%
Avg return
30 days after
49%
33 / 67 earnings
Positive
+12.8%
Q4 2019
Best reaction
-23.6%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +0.8% | +13.0% | +16.1% | |
| Q2 2026 | -19.2% | -15.3% | -22.5% | |
| Q1 2026 | +0.3% | -4.6% | -3.4% | |
| Q3 2025 | -1.8% | -2.4% | +11.6% | |
| Q2 2025 | -16.1% | -21.4% | -13.6% | |
| Q1 2025 | -23.6% | -24.4% | -17.2% | |
| Q4 2024 | -4.2% | -1.3% | -7.3% | |
| Q3 2024 | -8.0% | -11.3% | -15.9% | |
| Q2 2024 | +9.0% | +6.9% | +8.4% | |
| Q1 2024 | -11.2% | -12.6% | +2.4% | |
| Q4 2023 | -6.9% | -5.7% | -3.9% | |
| Q3 2023 | -18.0% | -16.0% | -23.2% | |
| Q2 2023 | -4.0% | -7.0% | -9.8% | |
| Q1 2023 | -6.3% | -0.4% | +15.6% | |
| Q4 2022 | -1.2% | -4.0% | -13.4% | |
| Q3 2022 | -1.3% | -7.8% | +1.4% | |
| Q2 2022 | -1.8% | -1.3% | -10.5% | |
| Q1 2022 | +4.7% | +7.5% | +2.9% | |
| Q4 2021 | +3.5% | +5.8% | +0.3% | |
| Q3 2021 | -3.7% | -3.3% | -3.2% | |
| Q2 2021 | +10.9% | +12.4% | +15.7% | |
| Q1 2021 | +2.3% | +8.6% | +11.7% | |
| Q4 2020 | -2.6% | +1.4% | -0.1% | |
| Q3 2020 | -1.1% | -3.9% | +11.9% | |
| Q2 2020 | +3.8% | +4.2% | -4.7% | |
| Q1 2020 | -3.5% | -4.8% | +1.1% | |
| Q4 2019 | +12.8% | +10.0% | +7.1% | |
| Q3 2019 | -0.9% | -1.0% | -6.3% | |
| Q2 2019 | +10.3% | +13.6% | +14.1% | |
| Q1 2019 | +8.2% | +8.1% | +8.7% | |
| Q4 2018 | +0.5% | -0.3% | +2.7% | |
| Q3 2018 | -7.5% | -7.7% | +2.4% | |
| Q2 2018 | -0.2% | +0.1% | +4.5% | |
| Q1 2018 | +7.5% | +8.3% | +11.6% | |
| Q4 2017 | +8.3% | +6.2% | +11.6% | |
| Q3 2017 | +5.0% | +5.9% | +9.9% | |
| Q2 2017 | +3.9% | +4.4% | +3.8% | |
| Q1 2017 | -7.8% | -6.7% | -12.1% | |
| Q4 2016 | -3.9% | -4.8% | -7.8% | |
| Q3 2016 | -4.1% | — | — | |
| Q2 2016 | +3.0% | — | — | |
| Q1 2016 | +7.9% | — | — | |
| Q4 2015 | -5.6% | — | — | |
| Q3 2015 | +4.6% | — | — | |
| Q2 2015 | +9.6% | — | — | |
| Q1 2015 | -6.3% | — | — | |
| Q4 2014 | +1.2% | — | — | |
| Q3 2014 | +2.6% | — | — | |
| Q2 2014 | -3.5% | — | — | |
| Q1 2014 | -2.0% | — | — | |
| Q4 2013 | +3.3% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q2 2013 | +3.7% | — | — | |
| Q1 2013 | -2.6% | — | — | |
| Q4 2012 | +10.8% | — | — | |
| Q3 2012 | +0.2% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q1 2012 | +2.4% | — | — | |
| Q2 2011 | +4.0% | — | — | |
| Q4 2009 | +4.0% | — | — | |
| Q4 2011 | +4.0% | — | — | |
| Q3 2011 | +5.7% | — | — | |
| Q3 2010 | +5.7% | — | — | |
| Q2 2010 | -0.6% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q1 2010 | -0.9% | — | — |
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