The Estée Lauder Companies (EL) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the reported quarter compared with the immediately preceding quarter. Compared with the same quarter one year earlier, revenue increased.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q4
Revenue declined in the reported quarter compared with the immediately preceding quarter. Compared with the same quarter one year earlier, revenue increased.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
-3.8%
Change from the immediately preceding quarter.
Year-over-year
+1.3%
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 |
|---|---|---|
| Sep 30, 2022 | $3.9B | -10.5% |
| Dec 31, 2022 | $4.6B | -16.6% |
| Mar 31, 2023 | $3.8B | -11.6% |
| Jun 30, 2023 | $3.6B | +1.3% |
Revenue performance
The reported quarter was the first year-over-year revenue increase after several quarters of year-over-year declines. Sequentially, revenue continued to fall from the prior quarter.
Quarterly comparison
Revenue in the reported quarter was lower than the immediately preceding quarter, extending a sequential decline. It was higher than the same quarter one year earlier, breaking a streak of year-over-year decreases.
What to watch
The filing notes that the company temporarily reduced bank deposits and increased government money market funds due to stresses in the global banking system, a factor to monitor.