The Estée Lauder Companies (EL) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter fell compared to both the prior quarter and the same period last year. The sequential decline followed a slight increase in the previous quarter.
Key takeaway
Quarter ended Sep 30, 2023 · FY2024 Q1
Revenue for the quarter fell compared to both the prior quarter and the same period last year. The sequential decline followed a slight increase in the previous quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.5B
Revenue reported for this quarter.
Quarter-over-quarter
-2.5%
Change from the immediately preceding quarter.
Year-over-year
-10.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.5B
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 |
|---|---|---|
| Dec 31, 2022 | $4.6B | -16.6% |
| Mar 31, 2023 | $3.8B | -11.6% |
| Jun 30, 2023 | $3.6B | +1.3% |
| Sep 30, 2023 | $3.5B | -10.5% |
Revenue performance
Reported revenue decreased from the immediately preceding quarter, continuing a pattern of year-over-year declines.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was lower; the decrease from the prior quarter was less pronounced.
What to watch
Revenue has declined year-over-year in multiple recent quarters, indicating sustained pressure.