Estée Lauder beat sales and adjusted profit estimates, improved its margins, and raised its full-year forecasts. Cash flow remained negative and debt exceeded cash, but stronger sales and higher forecasts point to better business prospects.
Higher forecasts follow stronger sales and wider profit margins. Cash flow remained negative, though it improved from a year earlier, and debt exceeded cash. The stronger sales, margins, and forecasts outweigh that cash concern.
Estée Lauder expanded its presence on Amazon, but the story gives no change in Amazon sales or profit. It does not show a changed business outlook for Amazon.
Follow Estée Lauder Companies Inc. (EL) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for EL