The Estée Lauder Companies (EL) Revenue — Quarter Ended Mar 31, 2023
Revenue declined compared to both the prior quarter and the same quarter last year. The company's filing context notes ongoing challenges from the pandemic's impact on Asia travel retail and China, as well as other macro headwinds.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q3
Revenue declined compared to both the prior quarter and the same quarter last year. The company's filing context notes ongoing challenges from the pandemic's impact on Asia travel retail and China, as well as other macro headwinds.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
-18.8%
Change from the immediately preceding quarter.
Year-over-year
-11.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.6B | -9.5% |
| Sep 30, 2022 | $3.9B | -10.5% |
| Dec 31, 2022 | $4.6B | -16.6% |
| Mar 31, 2023 | $3.8B | -11.6% |
Revenue performance
The reported revenue for the quarter was lower than the preceding quarter, continuing a pattern of year-over-year declines seen in recent periods.
Quarterly comparison
Revenue fell from the immediately preceding quarter and also decreased compared to the same quarter one year earlier.
What to watch
The filing context highlights uncertainty regarding the recovery in Asia travel retail and China, which could affect future performance.