Estée Lauder Reports 61% Decline in Net Profit for Fiscal Year 2024

The Estée Lauder Companies Inc. [EL] reported a net loss of $284 million for the fiscal year ended June 30, 2024, marking a significant decrease from the net profit of $1.01 billion in the prior year. This financial report covers the annual period and highlights the company's financial performance over the past year. Page 1 of 23

The company, headquartered in New York, New York, reported to SEC in an 8-K filing $1.08 earnings per share in the quarter, compared to $2.79 in the previous quarter.

The Estée Lauder Companies Inc., a leader in the Beauty and Personal Care sector, reported a total revenue of $15.61 billion for the fiscal year. This represents a decrease of 2% compared to the previous year's revenue figures. The company's performance in terms of revenue reflects the ongoing trends in the beauty and personal care industry.

The Estée Lauder Companies Inc. experienced a revenue decrease of 2% in the current quarter compared to the same quarter in the previous year. Additionally, the company saw a significant decline of 61% in profit in the current quarter when compared to the same quarter of the previous year.