Key facts
- Estee Lauder set the fiscal 2030 targets at its Capital Markets Experience: China Ecosystem Immersion event in Shanghai.
- CEO Stephane de La Faverie said the company is moving beyond restoring growth to accelerating profitable growth.
- The company said it expects greater margin expansion in fiscal 2028 than in fiscal 2029 and fiscal 2030.
- The targets build on the company's Beauty Reimagined strategic vision and its One ELC operating model.
Estee Lauder on November 4 set fiscal 2030 targets for sustainable mid-single-digit annual organic sales growth, double-digit adjusted earnings per share growth and an adjusted operating margin of 16.5% to 18.5%, Reuters reported.
The cosmetics maker announced the ambition at its Capital Markets Experience: China Ecosystem Immersion event in Shanghai, according to a company release. President and CEO Stephane de La Faverie and Executive Vice President and Chief Financial Officer Akhil Shrivastava outlined the targets, which build on the company's Beauty Reimagined strategic vision and its One ELC operating model.
De La Faverie said the company is entering a new chapter, moving beyond restoring growth to accelerating sustainable, profitable growth. The company said it expects greater margin expansion in fiscal 2028 than in fiscal 2029 and fiscal 2030.
Bloomberg reported that de La Faverie gave the targets in an interview and that the company launched a turnaround effort last year. Bloomberg identified Estee Lauder as the New York-based owner of brands including La Mer, Le Labo and Tom Ford Beauty.