ESTEE LAUDER COMPANIES INC

For the period ended Jun 30, 2024. Filed Aug 19, 2024.

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FY2024 · Filed Aug 19, 2024

EL$113.43+0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Earnings F-

CONSOLIDATED STATEMENTS OF EARNINGS

(In millions, except per share data)	2024	2023	2022
Net sales	$15,608	$15,910	$17,737
Cost of sales	4,424	4,564	4,305
Gross profit	11,184	11,346	13,432
Operating expenses
Selling, general and administrative	9,621	9,575	9,888
Restructuring and other charges	122	55	133
Goodwill impairment	291	—	—
Impairment of other intangible assets	180	207	241
Total operating expenses	10,214	9,837	10,262
Operating income	970	1,509	3,170
Interest expense	378	255	167
Interest income and investment income, net	167	131	30
Other components of net periodic benefit cost	(13)	(12)	(2)
Other income, net	—	—	1
Earnings before income taxes	772	1,397	3,036
Provision for income taxes	363	387	628
Net earnings	409	1,010	2,408
Net earnings attributable to noncontrolling interests	—	—	(7)
Net earnings attributable to redeemable noncontrolling interest	(19)	(4)	(11)
Net earnings attributable to The Estée Lauder Companies Inc.	$390	$1,006	$2,390
Net earnings attributable to The Estée Lauder Companies Inc. per common share
Basic	$1.09	$2.81	$6.64
Diluted	$1.08	$2.79	$6.55
Weighted-average common shares outstanding
Basic	359.0	357.9	360.0
Diluted	360.8	360.9	364.9

ContentsView on SEC.gov

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