Estée Lauder Companies Inc. has recently released its 10-K report, providing detailed insights into the financial and operational aspects of the business. The company, founded in 1946 and headquartered in New York, is a global leader in the manufacturing, marketing, and sale of skincare, makeup, fragrance, and hair care products. Estée Lauder offers an extensive range of products under various renowned brands such as Estée Lauder, Clinique, Origins, M·A·C, La Mer, and many others, selling through multiple channels including department stores, specialty retailers, online platforms, and duty-free locations.
In the 10-K report, the company's management discusses the financial condition and results of operations for the fiscal year ended June 30, 2024. Notably, Estée Lauder's dividend payments for the year and through August 16, 2024, are outlined, providing transparency on the returns to shareholders. Additionally, the report delves into the pension and post-retirement plan funding, detailing the funding requirements, investment strategies, and the expected benefit payments and contributions for the coming years.
Moreover, the 10-K report sheds light on the company's commitments, contingencies, and contractual obligations, offering a comprehensive view of the financial responsibilities and potential risks. It also discusses the derivative financial instruments and hedging activities, foreign exchange risk management, credit risk, and market risk, emphasizing the measures taken to manage and mitigate various financial risks.
Furthermore, the report provides insights into the critical accounting policies and estimates, particularly focusing on goodwill and other indefinite-lived intangible assets impairment assessment, as well as income taxes. Estée Lauder's management discusses the significant judgments and estimates involved in determining the annual tax expense, provision for income taxes, and tax reserves, highlighting the potential impact on the company's financial condition and results of operations.
The market has reacted to these announcements by moving the company's shares -0.2% to a price of $94.82. Check out the company's full 10-K submission here.
