Estee Lauder Companies Inc (EL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, June 30, 2018

Home SEC Filings Estee Lauder Companies Inc (EL) 10-K Annual Report Fri Aug 24 2018

Exhibit 99.1

 

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THE ESTÉE LAUDER COMPANIES DELIVERS OUTSTANDING

FISCAL YEAR 2018 RESULTS

 

— Fourth Quarter Reported Net Sales Increased 14%; Up 12% in Constant Currency —

 

— Full Year Reported Net Sales Rose 16%; Up 13% in Constant Currency —

 

— Strong Constant Currency Growth Expected to Continue in Fiscal 2019 —

 

New York, NY, August 20, 2018 -

The Estée Lauder Companies Inc. (NYSE: EL) today reported strong financial results for its fourth quarter and fiscal year ended June 30, 2018.  The Company reported fiscal year 2018 diluted net earnings per common share of $2.95 compared with $3.35 reported in the prior year.  Excluding restructuring and other charges and adjustments, adjusted diluted net earnings per common share increased 30% to $4.51, and in constant currency rose 24%.

 

Fabrizio Freda, President and Chief Executive Officer, said, “Fiscal 2018 was an outstanding year for our Company. We generated higher sales in every region and product category and gained global share. By investing in our hero franchises, fast-growing channels and digital and social media, we delivered double-digit sales and adjusted earnings per share growth. We achieved record net sales in fiscal 2018 and one of our best performances in the last decade.

 

“Sales climbed in virtually all our brands and we hit milestones along the way. Among the top four brands, our flagship Estée Lauder brand achieved record global sales and grew 22% in constant currency, demonstrating the amazing equity of the brand. La Mer became the fourth brand in our portfolio to contribute well over $1 billion in net sales, and we increased sales at MžAžC and Clinique globally.

 

“Product innovation and creativity were strong across brands and Leading Beauty Forward provided us the flexibility to invest more in digital advertising behind our initiatives, which is accelerating our sales growth.”

 

Freda added, “In fiscal 2019, we will continue to create products that appeal to a more diverse and growing middle class around the world and we are confident that we can continue to achieve industry-leading sales and double-digit earnings per share growth. With a successful strategy that focuses on multiple engines of growth across products, geographies, channels and demographics, we expect to once again gain share globally in fiscal 2019.”

 

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The following information was filed by Estee Lauder Companies Inc (EL) on Monday, August 20, 2018 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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Ticker: EL
CIK: 1001250
Form Type: 10-K Annual Report
Accession Number: 0001104659-18-053494
Submitted to the SEC: Fri Aug 24 2018 1:53:14 PM EST
Accepted by the SEC: Fri Aug 24 2018
Period: Saturday, June 30, 2018
Industry: Perfumes Cosmetics And Other Toilet Preparations

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