The Estée Lauder Companies said net sales for the fiscal year ended June 30, 2024 fell to $15.61 billion from $15.91 billion a year earlier, a decrease of 2%, and diluted net earnings per common share declined to $1.08 from $2.79.

1. 01

   The Estée Lauder Companies said net sales for the fiscal year ended June 30, 2024 fell to $15.61 billion from $15.91 billion a year earlier, a decrease of 2%, and diluted net earnings per common share declined to $1.08 from $2.79.

2. 02

   The company said it recorded full-year goodwill and other intangible asset impairment charges of $471 million related to Dr.Jart+, and adjusted diluted net earnings per common share, which excludes those charges, were $2.59, down 25% from $3.46 a year earlier.

3. 03

   Estée Lauder said net cash provided by operating activities for the 12 months ended June 30, 2024 was $2.36 billion, up from $1.73 billion a year earlier, and it ended the year with cash and cash equivalents of $3.40 billion and paid dividends of $0.95 billion.

4. 04

   The company said it expects reported and organic net sales for fiscal 2025 to range from a decrease of 1% to an increase of 2%, adjusted operating margin of 11.0% to 11.5%, and net cash provided by operating activities of $1.8 billion to $2.0 billion.

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