Estee Lauder sees FY24 adjusted EPS $3.50-$3.75, consensus $4.83

FY24 Reported net sales are forecasted to increase between 5% and 7% versus the prior year. This range includes: Using June 30, 2023 spot rates for fiscal 2024, a 1% headwind due to foreign currency translation is expected. Organic net sales, which excludes returns associated with restructuring and other activities; non-comparable impacts from acquisitions, divestitures and brand closures; as well as the impact of foreign currency translation, are forecasted to increase between 6% and 8%. FY24 consensus $17.2B.