Estee Lauder Reports Higher Fiscal Q1 Adjusted Earnings and Sales
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11:20:16 AM UTC
SquawkNews
Estee Lauder's fragrance category delivered 20% organic net sales growth in its fiscal first quarter of 2027, outpacing the company's other segments. The increase came primarily from luxury brands Le Labo, Tom Ford, Jo Malone London and Kilian Paris. Le Labo benefited from continued momentum in its…
11:20:24 AM UTC
SquawkNews
Estee Lauder's Profit Recovery and Growth Plan drove significant margin expansion in fiscal first quarter 2027. Adjusted gross margin widened 240 basis points to 75.7%, while adjusted operating margin expanded 480 basis points to 12.1%. The company says the improvement reflects procurement savings…
11:40:38 AM UTC
SquawkNews
By Connor HartThe Estee Lauder Companies reported higher profit and sales in its fiscal first quarter, as the company's turnaround continues to bear fruit.The owner of beauty brands such as MAC, Smashbox and Jo Malone posted a profit of $233 million, or 64 cents a share, for its three months ended…
11:46:07 AM UTC
SquawkNews
WASHINGTON (dpa-AFX) - While reporting financial results for the first quarter on Monday, Estee Lauder Cos., Inc. (EL) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2027, reflecting its strong performance in the fiscal 2027 first quarter while remaining cautious…