Exhibit 99.1

 

 

767 Fifth Avenue

New York, NY  10153

News

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Investor Relations:

Dennis D’Andrea

(212) 572-4384

 

Media Relations:

Alexandra Trower

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THE ESTÉE LAUDER COMPANIES DELIVERS STRONG FISCAL YEAR 2017 RESULTS

 

– Fourth Quarter Reported Net Sales Increased 9%; Up 11% in Constant Currency –

– Full Year Reported Net Sales Rose 5%; Up 7% in Constant Currency –

 

– Full Year Reported EPS Increased 13%; Adjusted Constant Currency EPS Up 11% –

 

– Momentum Continues in Fiscal 2018 –

 

New York, NY, August 18, 2017 -

The Estée Lauder Companies Inc. (NYSE: EL) today reported strong financial results for its fourth quarter and fiscal year ended June 30, 2017.

 

Fabrizio Freda, President and Chief Executive Officer, said, “Throughout the fiscal year, our momentum accelerated, culminating in an outstanding fourth-quarter performance that completed another year of strong net sales and earnings per share growth. These results reflect our success in pivoting our business to the fastest-growing areas of prestige beauty to align with consumers’ changing shopping preferences.  With our leading brands, quality innovations and the acquisition of two makeup brands, we attracted new consumers globally.  Our business accelerated in our online direct-to-consumer and retailer e-commerce sites, as well as in the travel retail and specialty-multi channels, and we built momentum in key geographies, like China and Italy, aided by enhanced digital and social media communications.  Additionally, we began to further improve our organizational efficiency and effectiveness through our Leading Beauty Forward initiative.  Importantly, we delivered this performance in the face of external global volatility and one of the biggest moments of change in our industry.”

 

Mr. Freda continued, “We expect the great momentum we built throughout the past year to continue in fiscal 2018. We are well-positioned to deliver strong profitable growth as we deploy our prestige brand portfolio to new consumers globally through our hero product franchises and robust new product pipeline, new digital-first marketing approach, and focused expansion for our smaller to mid-sized brands.

 

“In our 2018 fiscal year, we expect to see initial net benefits from our Leading Beauty Forward initiative and we will continue to focus on increasing the efficiency of our operations, eliminating non-value-added costs and generating sales leverage, while strategically reinvesting to support strong and sustainable growth.  Our full-year outlook in constant currency reflects net sales growth of 7% to 8%, including incremental sales from our fiscal 2017 acquisitions, and 9% to 11%

 

Page 1 of 17


The following information was filed by Estee Lauder Companies Inc (EL) on Friday, August 18, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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