Cosmetics: Estée Lauder: Q2 2013 results top expectations, confidence reiterated for 2013

News published on February Wednesday 6, 2013
Share on

Yesterday afternoon, Estée Lauder reported better-than-expected Q2 2013 results (quarter ending 31st December 2012). Q2 2013 sales came in at USD2.93bn (consensus: USD2.90bn) with lfl growth of 7%, i.e. in the upper range of the company's guidance (+6-7%). On the back of solid growth in the US and buoyant activity in emerging markets, EL reiterated its FY 2013 guidance for sales growth of 6-7% at constant FX. Positive read-across for L’Oréal ahead of its FY 2012 results released on 11th February.

Full report available to subscribers
Please contact

The Essentials

Everything you need to know about investment banking dedicated to growth
Recent Transactions Highlights
From M&A, to IPOs see what’s been happening at Bryan, Garnier & Co this year
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities