The Estée Lauder Companies (EL) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter rose compared to the immediately preceding quarter, but fell when measured against the same quarter one year earlier. The sequential growth reversed a pattern of declines in the two prior quarters.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q2
Revenue for the quarter rose compared to the immediately preceding quarter, but fell when measured against the same quarter one year earlier. The sequential growth reversed a pattern of declines in the two prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.3B
Revenue reported for this quarter.
Quarter-over-quarter
+21.6%
Change from the immediately preceding quarter.
Year-over-year
-7.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.2B
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 |
|---|---|---|
| Mar 31, 2023 | $3.8B | -11.6% |
| Jun 30, 2023 | $3.6B | +1.3% |
| Sep 30, 2023 | $3.5B | -10.5% |
| Dec 31, 2023 | $4.3B | -7.4% |
Revenue performance
The reported revenue increased from the prior quarter, yet remained below the level of the same period a year ago.
Quarterly comparison
Compared with the preceding quarter, revenue improved significantly. However, relative to the same quarter of the previous year, revenue was lower.
What to watch
The quarter's revenue was the highest among the four most recent quarters, breaking a streak of sequential declines.