Edition:
United Kingdom

The Estée Lauder Companies Reports Q1 2019 Results


Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Estee Lauder Companies Inc ::THE ESTÉE LAUDER COMPANIES ACHIEVES STRONG FISCAL 2019 FIRST QUARTER RESULTS.Q1 SALES $3.52 BILLION VERSUS I/B/E/S VIEW $3.47 BILLION.SEES Q2 2019 EARNINGS PER SHARE $1.47 TO $1.50 EXCLUDING ITEMS.Q1 ADJUSTED EARNINGS PER SHARE $1.47 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE VIEW $1.22 -- THOMSON REUTERS I/B/E/S.COMPANY RAISES FULL YEAR EARNINGS PER SHARE GUIDANCE.QTRLY DILUTED NET EARNINGS PER COMMON SHARE $1.34.SEES Q2 EARNINGS PER SHARE BETWEEN $1.37 AND $1.41.FY REPORTED NET SALES ARE FORECASTED TO INCREASE BETWEEN 4% AND 5% VERSUS PRIOR-YEAR PERIOD.IN UNITED STATES, EXCLUDING BON-TON CLOSURES, PERFORMANCE AMONG DEPARTMENT STORES TURNED POSITIVE.FY REPORTED DILUTED NET EARNINGS PER COMMON SHARE ARE PROJECTED TO BE BETWEEN $4.40 AND $4.53.ESTEE LAUDER COMPANIES - EXCLUDING RESTRUCTURING, OTHER CHARGES, ADJUSTMENTS, FY NET EARNINGS PER COMMON SHARE PROJECTED TO BE BETWEEN $4.73 & $4.82.CONTINUE TO EXPECT GLOBAL PRESTIGE BEAUTY TO GROW 5% TO 6% DURING FISCAL YEAR.ESTEE LAUDER - EXPECTS TO TAKE CHARGES ASSOCIATED WITH LEADING BEAUTY FORWARD OF ABOUT $50 MILLION TO $55 MILLION OR $0.09 TO $0.10 PER SHARE IN Q2.ESTEE LAUDER COMPANIES - EXPECTS TO TAKE CHARGES ASSOCIATED WITH PREVIOUSLY APPROVED RESTRUCTURING, CHARGES IN FY 2019 OF ABOUT $140 MILLION TO $160 MILLION.EXPECTS TO TAKE CHARGES ASSOCIATED WITH LEADING BEAUTY FORWARD OF ABOUT $50 MILLION TO $55 MILLION IN Q2. 

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