The Estee Lauder Companies
Q4 2022 Earnings Call
Aug 18, 2022, 9:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, everyone, and welcome to the Estee Lauder Company's fiscal 2022 fourth quarter and full-year conference call. Today's call is being recorded and webcast. For opening remarks and introductions, I would like to turn the call over to the senior vice president of investor relations, Ms. Rainey Mancini.
Rainey Mancini -- Senior Vice President, Investor Relations
Hello. On today's call are Fabrizio Freda, president and chief executive officer; and Tracey Travis, executive vice president and chief financial officer. Since many of our remarks today contain forward-looking statements, let me refer you to our press release and our reports filed with the SEC, where you'll find factors that could cause actual results to differ materially from these forward-looking statements. To facilitate the discussion of our underlying business, the commentary on our financial results and expectations is before restructuring and other charges and adjustments disclosed in our press release.
Unless otherwise stated, all net sales growth numbers are in constant currency, and all organic net sales growth excludes the noncomparable impacts of acquisitions, divestitures, brand closures, and the impact of currency translation. You can find reconciliations between GAAP and non-GAAP measures in our press release and on the Investors section of our website. As a reminder, references to online sales include sales we make directly to our consumers through our brand.com sites and third-party platforms. It also includes estimated sales of our products through our retailers' websites.
[Operator instructions] And now I'll turn the call over to Fabrizio.
Fabrizio Freda -- President and Chief Executive Officer
Thank you, Rainey, and hello to everyone. I'm grateful to be with you today to reflect on our record results for fiscal year 2022 and discuss the drivers of our outlook for fiscal year 2023. We leveraged our strengths amid the prolonged pandemic, the invasion of Ukraine and the onset of higher inflation. Our multiple NGO growth strategy, flexible financial model and exceptional talent enabled us to deliver record performance.
At the same time, we invested for long-term growth, reflecting our confidence in the vibrancy of prestige beauty now and in the future. We achieved better-than-expected results in our fourth quarter, leading to above guidance organic sales growth of 8% for fiscal year 2022. Reported sales rose 9% despite heightened foreign exchange pressure to end the year. Adjusted operating margin expanded 80 basis points to an all-time high of 19.7%.