Inferra AI / Company / EL
Estée Lauder Companies
EL · Consumer Staples
Last earnings Aug 19, 2026 · Next earnings Nov 2, 2026
Key results
Revenuequarter
3%
We reignited growth with organic sales rising 3%, driven by the breadth of growth across brands, and achieved significant operating margin expansion, said St phane de La Faverie, President and CEO.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
As Reported Net revenuequarter
66 %
50 $ (3.15) 100+% Adjusted Diluted Net Earnings Per Common Share, Non-GAAP 1,2 $ 2.51 $ 1.51 66 % As Reported Net sales increased 5% to $15.0 billion.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
As Reported operating marginquarter
5.2%
As Reported Operating margin was 5.2%, an expansion from (5.5)% in the prior year, which was unfavorably impacted by $1,286 million of goodwill and other intangible asset impairments and $159 million of aggregate charges associated with the Talcum litigation settlement agreements 3 .
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Net incomequarter
$2.51
Adjusted diluted net earnings per common share increased to $2.51, compared with $1.51.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Free cash flowquarter
$1.32 billion
Free Cash Flow 5 was $1.32 billion, compared with $0.67 billion in the prior year, reflecting strong cash flows from operations as well as the reduction in capital expenditures.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Operating incomequarter
52%
operating income increased 52%, primarily due to the increase in net sales and net benefits from the PRGP which helped to reduce non-consumer-facing expenses, despite a more normalized level of employee incentive costs, partially offset by the increase in consumer-facing investments to support key activations
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
operating income increased 27%, primarily reflecting an increase in gross profit, driven by the increase in net sales, partially offset by increased consumer-facing investments to support key activations, distribution expansion and new product launches.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
operating income increased 17%, reflecting the increase in net sales and net benefits from the PRGP which helped to reduce non-consumer-facing expenses, despite a more normalized level of employee incentive costs partially offset by the increase in consumer-facing investments to drive sales growth EUKEM - adjusted
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
AI analysis
Q2 2026 · reported Aug 19, 2026
Based on: Earnings release + parent 8-K + 10-K — transcript not held
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 3% | — | — |
| As Reported Net revenue | 66 % | — | — |
| As Reported operating margin | 5.2% | — | — |
| Net income | $2.51 | — | — |
| Free cash flow | $1.32 billion | — | $0.67 billion |
| Operating income | 52% | — | — |
Guidance · company-stated
“com THE EST E LAUDER COMPANIES REPORTS FISCAL 2026 RESULTS Delivers Return to Sales Growth and Improved Profitability with Beauty Reimagined Execution As Reported Net Sales Growth of 6% in the Fourth Quarter and 5% for the Full Year Organic Net Sales Growth of 5% in the Fourth Quarter and 3% for the Full Year Fourth Quarter and Full-Year Net Sales Growth Across All Geographic Regions Full-Year Gross Margin and Operating Margin Expansion Affirms Fiscal 2027 Outlook of Organic Net Sales Growth of 3% to 5% Raises Outlook on Adjusted Operating Margin to 12.”
“In addition, we are raising our outlook for an even stronger adjusted operating margin, as we double down on our strengths to further diversify growth across product categories and geographies, including accelerating growth in North America.”
“The Company has reflected the following assumptions in its fiscal 2027 full-year outlook Organic net sales growth of 3% to 5%, reflecting Greater increase in the first half compared to the second due to (i) more new product launches earlier in fiscal 2027, (ii) an increase in travel retail shipments reflecting retail trend improvements entering fiscal 2027 and (iii) a lower base of travel retail shipments in the first half of fiscal 2026 relative to the second half Continued growth in Fragrance and Skin Care, as well as a return to growth in Makeup for the full year More diversified growth across geographic regions.”
“5%, an increase from the Company s preliminary outlook in May 2026 of 12.”
“However, given the lower-than-expected growth within key geographic regions in fiscal 2025, specifically within mainland China and Korea, it was determined that revisions to the internal forecasts were necessary which were finalized and approved in the fiscal 2025 fourth quarter in connection with the brand s annual planning process, and reflected in the goodwill and other indefinite-lived intangible asset impairment testing as of April 1, 2025.”
Primary outlook statements conflict; no label forced — evidence preserved.
Margin
Cash flow & capex
Capital allocation
The Company paid $300 million in deferred consideration associated with the fiscal 2023 acquisition of the TOM FORD brand which includes a $150 million early payment made in the fiscal 2026 third quarter for an obligation originally due in July 2026 and $508 million in Dividends .
Event summary
I am incredibly proud of our team for delivering fiscal 2026 results ahead of the expectations we had to start the year
Based on: Earnings release + parent 8-K + 10-K — transcript not held
Guidance & outlook
Revenue: “com THE EST E LAUDER COMPANIES REPORTS FISCAL 2026 RESULTS Delivers Return to Sales Growth and Improved Profitability with Beauty Reimagined Execution As Reported Net Sales Growth of 6% in the Fourth Quarter and 5% for the Full Year Organic Net Sales Growth of 5% in the Fourth Quarter and 3% for the Full Year Fourth Quarter and Full-Year Net Sales Growth Across All Geographic Regions Full-Year Gross Margin and Operating Margin Expansion Affirms Fiscal 2027 Outlook of Organic Net Sales Growth of 3% to 5% Raises Outlook on Adjusted Operating Margin to 12.”
Margin: “In addition, we are raising our outlook for an even stronger adjusted operating margin, as we double down on our strengths to further diversify growth across product categories and geographies, including accelerating growth in North America.”
Revenue: “The Company has reflected the following assumptions in its fiscal 2027 full-year outlook Organic net sales growth of 3% to 5%, reflecting Greater increase in the first half compared to the second due to (i) more new product launches earlier in fiscal 2027, (ii) an increase in travel retail shipments reflecting retail trend improvements entering fiscal 2027 and (iii) a lower base of travel retail shipments in the first half of fiscal 2026 relative to the second half Continued growth in Fragrance and Skin Care, as well as a return to growth in Makeup for the full year More diversified growth across geographic regions.”
Company outlook: “5%, an increase from the Company s preliminary outlook in May 2026 of 12.”
Company outlook: “However, given the lower-than-expected growth within key geographic regions in fiscal 2025, specifically within mainland China and Korea, it was determined that revisions to the internal forecasts were necessary which were finalized and approved in the fiscal 2025 fourth quarter in connection with the brand s annual planning process, and reflected in the goodwill and other indefinite-lived intangible asset impairment testing as of April 1, 2025.”
Revenue — Raised (“Raises”)
“com THE EST E LAUDER COMPANIES REPORTS FISCAL 2026 RESULTS Delivers Return to Sales Growth and Improved Profitability with Beauty Reimagined Execution As Reported Net Sales Growth of 6% in the Fourth Quarter and 5% for the Full Year Organic Net Sales Growth of 5% in the Fourth Quarter and 3% for the Full Year Fourth Quarter and Full-Year Net Sales Growth Across All Geographic Regions Full-Year Gross Margin and Operating Margin Expansion Affirms Fiscal 2027 Outlook of Organic Net Sales Growth of 3% to 5% Raises Outlook on Adjusted Operating Margin to 12.”
Margin — Raised (“raising”)
“In addition, we are raising our outlook for an even stronger adjusted operating margin, as we double down on our strengths to further diversify growth across product categories and geographies, including accelerating growth in North America.”
Revenue — Raised (“increase”)
“The Company has reflected the following assumptions in its fiscal 2027 full-year outlook Organic net sales growth of 3% to 5%, reflecting Greater increase in the first half compared to the second due to (i) more new product launches earlier in fiscal 2027, (ii) an increase in travel retail shipments reflecting retail trend improvements entering fiscal 2027 and (iii) a lower base of travel retail shipments in the first half of fiscal 2026 relative to the second half Continued growth in Fragrance and Skin Care, as well as a return to growth in Makeup for the full year More diversified growth across geographic regions.”
Company outlook — Raised (“increase”)
“5%, an increase from the Company s preliminary outlook in May 2026 of 12.”
Company outlook — Lowered (“lower”)
“However, given the lower-than-expected growth within key geographic regions in fiscal 2025, specifically within mainland China and Korea, it was determined that revisions to the internal forecasts were necessary which were finalized and approved in the fiscal 2025 fourth quarter in connection with the brand s annual planning process, and reflected in the goodwill and other indefinite-lived intangible asset impairment testing as of April 1, 2025.”
Company outlook — Lowered (“lower”)
“The Too Faced reporting unit continued to experience lower-than-expected results in key geographic regions and channels and as such, it was determined that revisions to the internal forecasts were necessary.”
Primary outlook statements conflict; no label forced — evidence preserved.
Capital allocation
The Company paid $300 million in deferred consideration associated with the fiscal 2023 acquisition of the TOM FORD brand which includes a $150 million early payment made in the fiscal 2026 third quarter for an obligation originally due in July 2026 and $508 million in Dividends .
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
QUARTERLY DIVIDEND Today, the Company announced a quarterly dividend of $.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Capital expenditures decreased to $457 million from $602 million in the prior year, reflecting the Company s strategic focus on optimizing its overall investments, prioritizing consumer-facing which represented over 75% of total capital expenditures in fiscal 2026 to fuel growth.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Free Cash Flow 5 was $1.32 billion, compared with $0.67 billion in the prior year, reflecting strong cash flows from operations as well as the reduction in capital expenditures.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
5 Free Cash Flow is defined as net cash flows from operating activities less capital expenditures.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
For free cash flow, this measure represents how much cash the Company has available from operations after the deduction of capital expenditures, which are a recurring and necessary use of cash.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Strategy & priorities
com THE EST E LAUDER COMPANIES REPORTS FISCAL 2026 RESULTS Delivers Return to Sales Growth and Improved Profitability with Beauty Reimagined Execution As Reported Net Sales Growth of 6% in the Fourth Quarter and 5% for the Full Year Organic Net Sales Growth of 5% in the Fourth Quarter and 3% for the Full Year Fourth Quarter and Full-Year Net Sales Growth Across All Geographic Regions Full-Year Gross Margin and Operating Margin Expansion Affirms Fiscal 2027 Outlook of Organic Net Sales Growth of 3% to 5% Raises Outlook on Adjusted Operating Margin to 12.7% to 13.5% New York, August 19, 2026 - The Est e Lauder Companies Inc.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
We reignited growth with organic sales rising 3%, driven by the breadth of growth across brands, and achieved significant operating margin expansion, said St phane de La Faverie, President and CEO.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
As Reported Operating margin was 5.2%, an expansion from (5.5)% in the prior year, which was unfavorably impacted by $1,286 million of goodwill and other intangible asset impairments and $159 million of aggregate charges associated with the Talcum litigation settlement agreements 3 .
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Adjusted Operating margin expanded 320 basis points, to 11.2% from 8.0%, driven by operating leverage and gross margin expansion, including net benefits from the Company s PRGP that provided funding for increased consumer-facing investments 4 .
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Capital expenditures decreased to $457 million from $602 million in the prior year, reflecting the Company s strategic focus on optimizing its overall investments, prioritizing consumer-facing which represented over 75% of total capital expenditures in fiscal 2026 to fuel growth.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Risks & headwinds
As Reported and Adjusted Gross margin expanded 150 basis points, to 75.5%, reflecting net benefits from the Company s Profit Recovery and Growth Plan ( PRGP ) and, to a lesser extent, sales leverage, partially offset by inflation and the impact of incremental tariffs, net of refunds received.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
See page 3 for more information relating to tariff refunds received.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Page 2 of 25 During the fiscal 2026 fourth quarter, the Company submitted claims for a portion of its eligible International Emergency Economic Powers Act ( IEEPA ) tariffs paid and began to receive refunds.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
This partially offset the full-year gross impact of incremental tariffs of $102 million, which was primarily recorded in cost of sales.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
06, respectively, which were more than offset by the benefit from tariff refunds received of $.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Full-year gross margin expansion of 150 basis points in fiscal 2026 with expansion in each quarter despite headwinds from inflation and incremental tariffs, driven by net PRGP benefits from operational efficiencies and lower excess and obsolescence, collectively.
SEC original ↗Estée Lauder Companies — Earnings release (8-K exhibit)EX-99Aug 19, 2026
Earnings deck slides
0 decks with slide viewEstée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Estée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Estée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Estée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Estée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Estée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Estée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Estée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Estée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Estée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Estée Lauder Companies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
62 documents- Q2 2026
- 8-KEL
Sep 8, 2026
- 10-KEL
Aug 19, 2026
- 8-KEL
Aug 19, 2026
- 8-KEL
Jul 24, 2026
- 8-K/AEL
- Q1 2026
- 8-K/AEL
- 8-K/AEL
May 22, 2026
- EX-99EL
May 22, 2026
- 10-QEL
- 8-KEL
May 1, 2026
- 8-K/AEL
- Q4 2025
- 8-KEL
Mar 24, 2026
- EX-99EL
Mar 24, 2026
- 10-QEL
- 8-KEL
Feb 5, 2026
- Q3 2025
- 8-K/AEL
- 8-KEL
Nov 18, 2025
- 8-KEL
Nov 6, 2025
- 10-QEL
Oct 30, 2025
- 8-KEL
Oct 30, 2025
- 8-KEL
Oct 2, 2025
- Q2 2025
- 8-KEL
Aug 21, 2025
- 10-KEL
Aug 20, 2025
- 8-KEL
Aug 20, 2025
- 8-K/AEL
- 8-KEL
Jul 15, 2025
- Q1 2025
- 8-KEL
May 23, 2025
- 10-QEL
- 8-KEL
May 1, 2025
- Q4 2024
- 8-K/AEL
Feb 25, 2025
- 10-QEL
- 8-KEL
Feb 4, 2025
- 8-KEL
Jan 10, 2025
- Q3 2024
- 8-K/AEL
Dec 20, 2024
- 8-KEL
Dec 4, 2024
- 8-KEL
Nov 13, 2024
- 8-KEL
Nov 1, 2024
- 8-KEL
Oct 31, 2024
- 10-QEL
Oct 31, 2024
- Q2 2024
- 8-KEL
Aug 20, 2024
- 8-KEL
Aug 19, 2024
- 10-KEL
Aug 19, 2024
- 8-K/AEL
Jul 23, 2024
- 8-KEL
Jul 23, 2024
- 8-KEL
Jul 16, 2024
- Q1 2024
- 8-KEL
Jun 7, 2024
- 8-KEL
Jun 3, 2024
- 8-KEL
May 1, 2024
- 10-QEL
- Q4 2023
- 8-KEL
Feb 14, 2024
- 8-KEL
Feb 5, 2024
- 10-QEL
- Q3 2023
- 8-KEL
Nov 21, 2023
- 8-KEL
Nov 1, 2023
- 10-QEL
- Q2 2023
- 8-KEL
Aug 24, 2023
- 8-KEL
Aug 18, 2023
- 10-KEL
Aug 18, 2023
- 8-KEL
Jul 19, 2023
- Q1 2023
- 8-KEL
May 12, 2023
- 8-KEL
May 3, 2023
- 10-QEL
Earnings releases
3 documentsPresentations
11 documents
Transcripts
0 documentsNo transcripts for Estée Lauder Companies are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.