EL

EX-99.1

2 fy2026q3exhibit991.htm

EX-99.1

Document

Exhibit 99.1

767 Fifth Avenue

New York, NY 10153

News

Contact:

Investors: Rainey Mancini

rmancini@estee.com

Media: Brendan Riley

briley@estee.com

THE ESTÉE LAUDER COMPANIES REPORTS FISCAL 2026 THIRD QUARTER RESULTS

Raises Full-Year Fiscal 2026 Outlook on Organic Net Sales and Adjusted Profitability, Reflecting Strong Year-to-Date Results:

–Double-Digit Net Sales Growth in Fragrance

–Net Sales Growth in Three of Four Geographic Regions, Led by Mainland China

–Beauty Reimagined Execution on Track, PRGP Ahead of Expectations

Shares Preliminary View on Fiscal 2027:

–Net Sales Growth of 3% to 5%; Adjusted Operating Margin of 12.5% to 13.0%

New York, May 1, 2026 - The Estée Lauder Companies Inc. (NYSE: EL) today reported its financial results for the third quarter ended March 31, 2026.

“Our third quarter results extend strong year-to-date performance, driven by Beauty Reimagined,” said Stéphane de La Faverie, President and CEO. “In the first nine months of fiscal 2026, organic sales for Fragrance rose double-digits, while three of four regions grew, led by high single-digit growth in Mainland China where we outperformed prestige beauty to gain share. With momentum across all five action plan priorities of Beauty Reimagined, today we raised our fiscal 2026 outlook, now expecting organic sales growth at the high-end of the prior range and adjusted operating margin expansion to approach 300 basis points, bolstered in part by adjusted gross margin expansion.”

de La Faverie emphasized, “Fiscal 2026 is promising to be the pivotal year we intended, one in which we restore organic sales growth and expand our adjusted operating margin for the first time in four years. Looking ahead to fiscal 2027, we are confident in our improving trajectory and realizing the benefits of One ELC, especially its One Operating Ecosystem which will be fully deployed. Our preliminary view is to accelerate organic sales growth and for adjusted operating margin to approach 13%, albeit in an uncertain geopolitical and macroeconomic environment.”

Page 1 of 24

FISCAL 2026 THIRD QUARTER SELECT FINANCIAL RESULTS (unaudited)1,2,3

Three Months Ended

March 31

Percentage

Change

($ in millions, except per share data)20262025

Net Sales$3,712 $3,550 5 %

Organic Net Sales, Non-GAAP1,2 $3,611 $3,550 2 %

Other Financial Results:

Gross Profit$2,836 $2,661 7 %

Gross Margin76.4 %75.0 %

Adjusted Gross Profit, Non-GAAP1,3 $2,836 $2,661 7 %

Adjusted Gross Margin, Non-GAAP1,3 76.4 %75.0 %

Operating Income $249 $306 (19)%

Operating Margin6.7 %8.6 %

Adjusted Operating Income, Non-GAAP1,3 $557 $403 38 %

Adjusted Operating Margin, Non-GAAP1,3 15.0 %11.4 %

Diluted Net Earnings Per Common Share$.24 $.44 (45)%

Adjusted Diluted Net Earnings Per Common Share, Non-GAAP1,3 $.91 $.65 40 %

•As Reported Net sales increased 5% to $3.7 billion. Organic net sales increased 2%.

•As Reported and Adjusted Gross margin expanded 140 basis points, to 76.4% from 75.0%, reflecting net benefits from the Company’s Profit Recovery and Growth Plan (“PRGP”), which helped to offset the unfavorable impacts from incremental tariffs and inflation. This also reflects a favorable comparison to the prior-year period—which included an in-period charge for under-absorbed manufacturing overhead costs—as well as improved sales leverage.

•As Reported Operating margin contracted 190 basis points, to 6.7% from 8.6% in the prior-year period, reflecting the increase in restructuring and other charges of $127 million as well as the unfavorable impact of an $84 million loss contingency, net of the estimated probable insurance recoveries, related to a potential settlement of a securities class action recorded in the fiscal 2026 third quarter. Adjusted Operating margin expanded 360 basis points, to 15.0% from 11.4%, driven by gross margin expansion and operating leverage, including net benefits from the Company’s PRGP—which helped to reduce non-consumer-facing expenses, despite a more normalized level of employee incentive costs, and provided funding for increased consumer-facing investments4.

•Effective tax rate was 50.3%, compared with 34.0% in the prior-year period. The increase was primarily driven by the estimated unfavorable impact of recently enacted U.S. tax legislation. Adjusted effective tax rate was 31.8%, compared with 30.8%.

1See pages 20 - 22 for reconciliation between GAAP and Adjusted Non-GAAP measures.

2Organic net sales represents net sales excluding returns associated with restructuring and other activities; non-comparable impacts of acquisitions, divestitures and brand closures; as well as the impact from foreign currency translation. The Company believes that the Non-GAAP measure of organic net sales growth provides year-over-year sales comparisons on a consistent basis.

3Adjusted Non-GAAP measures are calculated based on Net Sales adjusted only for Returns associated with restructuring and other ac

el-202602050001001250false00010012502026-02-052026-02-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) February 5, 2026

The Estée Lauder Companies Inc. (Exact name of registrant as specified in its charter)

Delaware1-1406411-2408943 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

767 Fifth Avenue, New York, New York 10153 (Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code 212-572-4200

Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Class A Common Stock, $.01 par valueELNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On February 5, 2026, The Estée Lauder Companies Inc. (the “Company”) issued a press release announcing its financial results for its fiscal quarter ended December 31, 2025. The release includes the Company’s estimates related to its fiscal 2026 full year net sales and diluted net earnings per common share. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.Description

99.1Press Release, dated February 5, 2026, of The Estée Lauder Companies Inc.

104Cover Page Interactive Data File (embedded within the Inline XBRL document).

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE ESTÉE LAUDER COMPANIES INC.

Date:February 5, 2026 By:/s/ Akhil Shrivastava

Akhil Shrivastava

Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

3

el-202510300001001250false00010012502025-10-302025-10-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 30, 2025

The Estée Lauder Companies Inc. (Exact name of registrant as specified in its charter)

Delaware1-1406411-2408943 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

767 Fifth Avenue, New York, New York 10153 (Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code 212-572-4200

Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Class A Common Stock, $.01 par valueELNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On October 30, 2025, The Estée Lauder Companies Inc. (the “Company”) issued a press release announcing its financial results for its fiscal quarter ended September 30, 2025. The release includes the Company’s estimates related to its fiscal 2026 full year net sales and diluted net earnings per common share. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.Description

99.1Press Release, dated October 30, 2025, of The Estée Lauder Companies Inc.

104Cover Page Interactive Data File (embedded within the Inline XBRL document).

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE ESTÉE LAUDER COMPANIES INC.

Date:October 30, 2025 By:/s/ Akhil Shrivastava

Akhil Shrivastava

Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

3