Stock Analysis on Net

Estée Lauder Cos. Inc. (NYSE:EL)

This company has been moved to the archive! The financial data has not been updated since August 18, 2023.

Analysis of Revenues 

Microsoft Excel

Revenues as Reported

Estée Lauder Cos. Inc., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Skin Care 8,202 9,886 9,484 7,382 6,551 5,595
Makeup 4,516 4,667 4,203 4,794 5,860 5,633
Fragrance 2,512 2,508 1,926 1,563 1,802 1,826
Hair Care 653 631 571 515 584 570
Other 54 49 45 40 69 67
Returns associated with restructuring and other activities (27) (4) (14) (3) (8)
Net sales 15,910 17,737 16,215 14,294 14,863 13,683

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).


The annual revenue data reveals distinct trends across product categories over the six-year period analyzed. Overall, net sales exhibit a general upward trajectory from 2018 through 2022, peaking in 2022 before declining in 2023.

Skin Care
Revenue shows a consistent increase from 2018 to 2022, rising from $5.6 billion to nearly $9.9 billion, reflecting strong growth in this segment. However, there is a notable decline in 2023, dropping to approximately $8.2 billion, which may signify market challenges or shifts in consumer preferences.
Makeup
This category displays a declining trend over the period. Starting at $5.6 billion in 2018, revenue falls steadily to around $4.2 billion in 2021 with slight recoveries in subsequent years, yet does not return to initial levels, ending at approximately $4.5 billion in 2023. The downward trajectory suggests a potential loss of market share or changes in demand.
Fragrance
Revenues in the fragrance segment show fluctuations but a general upward movement, beginning at $1.8 billion in 2018 and increasing to $2.5 billion by 2023. Notably, there is a dip in 2020 followed by continuous growth, implying recovery and expansion possibly driven by renewed consumer interest or successful product initiatives.
Hair Care
Hair care revenues remain relatively stable with minor fluctuations, ranging between $0.5 billion and $0.65 billion across the years. The slight upward trend toward the end suggests steady but modest growth.
Other
The "Other" category maintains a low revenue base, hovering under $0.1 billion. Nonetheless, it presents a gradual increase, indicating potentially emerging or niche product contributions to the portfolio.
Returns Associated with Restructuring and Other Activities
This item records negative values, reflecting costs or losses. While fluctuations occur, the largest negative figure is in 2023 at -$27 million, signifying increased restructuring-related expenses or losses during that year which could impact overall profitability.
Net Sales
Net sales generally grow from $13.7 billion in 2018 to a peak of $17.7 billion in 2022, consistent with the growth in key categories like skin care and fragrance. However, sales decline to $15.9 billion in 2023, correlating with decreases observed in dominant segments and increased restructuring costs, possibly indicating broader market or internal challenges.