The Estée Lauder Companies (EL) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter ended March 31, 2024 decreased compared to the immediately preceding quarter but increased versus the same quarter one year earlier. The sequential decline follows a strong prior quarter, while the year-over-year growth indicates a positive trend from a year ago.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q3
Revenue for the quarter ended March 31, 2024 decreased compared to the immediately preceding quarter but increased versus the same quarter one year earlier. The sequential decline follows a strong prior quarter, while the year-over-year growth indicates a positive trend from a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
-7.9%
Change from the immediately preceding quarter.
Year-over-year
+5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.3B
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, 2023 | $3.6B | +1.3% |
| Sep 30, 2023 | $3.5B | -10.5% |
| Dec 31, 2023 | $4.3B | -7.4% |
| Mar 31, 2024 | $3.9B | +5.0% |
Revenue performance
The reported revenue reflects a decline from the prior quarter, yet it shows an improvement over the same period last year. The company's trailing twelve-month revenue stands at a level consistent with its recent performance.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, marking a sequentially weaker performance. In contrast, when compared to the same quarter one year ago, revenue was higher, continuing a year-over-year growth pattern.
What to watch
The sequential decline in revenue after a strong prior quarter warrants attention to the company's near-term revenue trajectory.