Key facts
- Estee Lauder expects fiscal 2027 organic sales to grow between 4% and 5.5%, up from a prior 3% to 5% forecast.
- The company expects annual adjusted profit of $3.20 to $3.45 per share, compared with an earlier $3.10 to $3.35.
- CEO Stephane de La Faverie's 'Beauty Reimagined' strategy focuses on faster innovation, new channels and AI-driven consumer insights.
- Estee Lauder has been trimming roles to save costs as part of its turnaround efforts.
Estee Lauder raised its annual sales and profit forecasts on November 2, banking on resilient demand for its premium skincare and fragrance brands ahead of the holiday season. The company said CEO Stephane de La Faverie's year-long turnaround efforts are boosting growth.
The Clinique and Tom Ford owner said consumers, particularly affluent and younger groups, have continued to buy skincare and fragrance despite economic uncertainty. As part of the 'Beauty Reimagined' strategy, Estee Lauder has focused on faster innovation, expanding into new channels and markets, using AI for consumer insights and marketing, increasing consumer-facing investment, streamlining operations and saving costs by trimming roles.
The company expects fiscal 2027 organic sales to grow between 4% and 5.5%, compared with its prior forecast of a 3% to 5% rise. It also expects annual adjusted profit of $3.20 to $3.45 per share, compared with an earlier forecast of $3.10 to $3.35.