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Estee Lauder forecasts strong annual profit
- On Wednesday, Estée Lauder Companies forecast fiscal 2027 adjusted earnings per share between $3.10 and $3.35, exceeding Wall Street estimates of $3.18, while fourth-quarter net sales reached $3.63 billion.
- ELC CEO and President Stéphane de La Faverie implemented the "Beauty Reimagined" strategy in February 2025 to accelerate agility and growth, increasing the company's billion-dollar brand portfolio from four to six.
- Fragrance sales rose 10% to $2.8 billion for fiscal 2026, led by Le Labo and Tom Ford, while Mainland China revenues increased 9% to $3.1 billion driven by innovation and holiday shopping.
- Shares of the Clinique and Mac Cosmetics owner rose nearly 8% in premarket trading; leadership confirmed it is not pursuing transformational acquisitions after merger talks with Jean Paul Gaultier-owner Puig collapsed in May.
- CFO Akhil Shrivastava affirmed an outlook of 3-5% organic net sales growth for fiscal 2027, noting management does not expect the Middle East conflict to materially impact results.
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15 Articles
Estée Lauder is entering its new fiscal year as a fundamentally transformed company, said its CEO, Stéphane de La Faverie. Exclusive material for subscribers. To have full access, access the link of the subject and register.
·Rio de Janeiro, Brazil
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El Periódico+2 Reposted by 2 other sources
The company has grown by 7% in stock market after a presentation of results that has exceeded the expectations of the market
·Barcelona, Spain
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Estée Lauder Sales Beat Estimates as Turnaround Bid Gains Steam
Estée Lauder Cos. posted quarterly results that beat estimates and ended a run of three straight declines in annual revenue, a sign the beauty conglomerate’s turnaround efforts are gaining momentum.
·New York, United States
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Coverage Details
Total News Sources15
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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