Estee Lauder raises annual forecasts on resilient demand ahead of holiday season
The company said fragrance sales rose 20% and adjusted earnings climbed to 72 cents a share as premium beauty demand held up.
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Estée Lauder Raises Outlook After $3.7B Quarter
Estée Lauder posted about $3.72B in Q1 FY2027 sales, up 7%, and $0.72 adjusted EPS versus $0.51 expected, then raised full-year guidance; shares climbed premarket. · 19 sources across the spectrum on IJR News.
Estée Lauder Raises FY 2027 Outlook as Q1 Sales Rise to $3.7B, Driven by Fragrance Growth
The beauty giant sees growth across key categories like skin care and fragrance, with strong performances from brands including La Mer, Tom Ford, and Jo Malone London.
Estee Lauder raises annual forecasts on resilient demand ahead of holiday season
Estee Lauder raised its annual sales and profit forecasts on Monday, banking on resilient demand for its premium skincare and fragrance brands ahead of the holiday season as CEO Stephane de La Faverie's year-long turnaround efforts boost growth.
Le Labo, Tom Ford, Jo Malone: US brands are particularly popular among younger and affluent consumers, driving the company's sales and profits, which increases its annual forecast after a strong quarter.
Rising inflation worldwide does not seem to be affecting the beauty industry. Estée Lauder is the next company in the beauty sector to show strong figures. The American company has undergone a major overhaul in recent years, including the layoffs of 10,000 employees. However, the latest quarterly figures were a statement of strength and the company is now raising its sales forecast for the current year. Organic sales are now forecast to grow by …
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