Reports Q1 revenue $3.36B, consensus $3.37B. Fabrizio Freda, President and Chief Executive Officer said, “Our first quarter results are largely aligned with our outlook on an adjusted basis, despite the fact that the expected headwinds in China and Asia travel retail were greater than anticipated. Our Profit Recovery and Growth Plan drove gross margin expansion, which was partially offset by operating deleverage. Other pillars of our strategic reset also delivered promising initial results.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EL:
- Notable companies reporting before tomorrow’s open
- Estee Lauder names Stephane de La Faverie as CEO, succeeding Fabrizio Freda
- EL Earnings this Week: How Will it Perform?
- Estée Lauder (NYSE:EL) Taps Company Insider to Become its New CEO
- Estee Lauder call volume above normal and directionally bullish