Business · Companies · 7 hrs ago
Estée Lauder raises annual forecasts as luxury fragrance sales grow
Estée Lauder raised its fiscal 2027 sales and profit forecasts as its turnaround efforts showed signs of progress.
The company expects organic sales growth of 4% to 5.5%, up from its previous forecast of 3% to 5%.
It now forecasts adjusted profit of $3.20 to $3.45 per share, compared with its earlier range of $3.10 to $3.35.
Demand for luxury skincare and fragrances remained resilient, including among affluent consumers and younger shoppers, ahead of the holiday season.
First-quarter sales increased 7% to $3.72 billion, while adjusted profit was 72 cents per share; both exceeded analysts’ expectations.
Sales grew 9% in China and 4% in the Americas, supporting the company’s improved outlook.
Estée Lauder says it will continue its “Beauty Reimagined” strategy, which includes product innovation, new sales channels, investment in consumer-facing efforts and cost cuts.
Estée Lauder raised its fiscal 2027 sales-growth and adjusted-profit forecasts, citing resilient demand for luxury beauty products.
The company now expects organic sales growth of 4% to 5.5%, up from its previous forecast of 3% to 5%.
It raised its annual adjusted profit forecast to $3.20 to $3.45 per share, from $3.10 to $3.35.
First-quarter sales rose 7% to $3.72 billion, while adjusted profit was 72 cents per share.
Demand from affluent consumers and younger shoppers supported sales of luxury skincare and fragrance brands.
- Who
- Estée Lauder, led by CEO Stephane de La Faverie.
- What
- The company raised its fiscal 2027 organic sales-growth and adjusted-profit forecasts.
- When
- Monday, November 2, 2026.
- Where
- The company reported growth in the Americas and China.
- Why
- Resilient demand for luxury skincare and fragrance, along with its turnaround efforts, supported the higher forecasts.
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De La Faverie said the company had reduced discounts and promotional activity in China.
Estée Lauder raised its fiscal 2027 sales-growth and adjusted-profit forecasts.
- Fiscal 2027 organic sales-growth forecast
- 4% to 5.5%
- Annual adjusted-profit forecast
- $3.20 to $3.45 per share
- First-quarter sales
- $3.72 billion, up 7%
- Organic sales in the Americas
- Up 4%
- Organic sales in China
- Up 9%
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What people are saying
Growth is accelerating, profitability is strengthening significantly, and the impact of Beauty Reimagined is becoming increasingly evident across our business.