Estée Lauder lifts annual targets as fragrance sales rise

The Estée Lauder Companies Inc. reported fiscal first-quarter 2027 results featuring revenue of $3.715 billion, a 6.7% increase from the prior year, and adjusted earnings of $0.72 per share, which surpassed analyst estimates. Following these results, the company raised its full-year fiscal 2027 outlook, now projecting organic net sales growth of 4.0% to 5.5%, up from the previous range of 3% to 5%. The company also increased its adjusted diluted EPS guidance to a range of $3.20 to $3.45, compared to the prior forecast of $3.10 to $3.35. CEO Stephane de La Faverie noted that the company is moving beyond growth restoration toward building diverse drivers for sustained profitability, though management maintained a cautious stance regarding ongoing geopolitical and macroeconomic uncertainties.