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Estée Lauder Raises FY 2027 Outlook as Q1 Sales Rise to $3.7B, Driven by Fragrance Growth

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Estée Lauder Raises FY 2027 Outlook as Q1 Sales Rise to $3.7B, Driven by Fragrance Growth

The beauty giant sees growth across key categories like skin care and fragrance, with strong performances from brands including La Mer, Tom Ford, and Jo Malone London.

The Estée Lauder Cos. raised its full year outlook as sales continued to bounce back.

Net sales increased 7 percent to $3.7 billion for the first quarter ended Sept. 30, the beauty company, whose brands include MAC, Tom Ford, Clinique and The Ordinary, said Monday. Wall Street analysts had been expecting $3.64 billion.

Within that, skin care net sales increased 4 percent, primarily driven by growth from La Mer and The Ordinary; makeup net sales grew 1 percent, boosted by MAC, but partially offset by a decline at Estée Lauder; fragrance net sales increased 20 percent, driven by double-digit growth at Le Labo, Tom Ford, Jo Malone London, Kilian Paris and Estée Lauder, and hair care net sales were flat, primarily driven by growth from The Ordinary, offset by a decline at Aveda.

On a geographic basis, organic net sales grew by 4 percent in the Amercias, 4 percent in Europe and the Middle East, 10 percent in Asia/ Pacific and 9 percent in Mainland China.

Adjusted diluted net earnings per common share increased to 72 cents, compared with 32 cents in the same period a year earlier.

5 percent, ranging from the mid-point to above the high-end of the previously communicated range of 3 percent to 5 percent. 35.



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