The beauty company, whose brands include namesake Estée Lauder, Clinique, Deciem and Bobbi Brown, reported net sales increased 6 percent in the fourth quarter to $3.6 billion, reflecting growth across all product categories, except hair care, and all geographic regions. Salomon Sees North American Growth as Arc'teryx Partners With Dick's Sporting Goods Amer Sports Aims Higher After Firm Beats Q2 Forecast, Raises Outlook Onitsuka Tiger, Running Styles Fuel Asics in Q2 Wall Street analysts had forecast $3.54 billion.It reported a net loss of $116 million and diluted net loss per common share came to 32 cents, compared to $546 million and $1.51, respectively, in the prior-year period. Excluding restructuring and other charges, adjusted diluted net earnings per common share was 39 cents, an increase from 9 cents in the prior-year period.
For 2027, the company forecasts net sales growth of between 3 percent and 5 percent. It expects a greater increase in the first half compared to the second due to more new product launches earlier in fiscal 2027, an increase in travel retail shipments reflecting retail trend improvements entering fiscal 2027 and a lower base of travel retail shipments in the first half of fiscal 2026 relative to the second half. It also expects continued growth in fragrance and skin care, as well as a return to growth in makeup for the full year.
Based on current conditions, it does not expect the conflict in the Middle East to have a material impact on its fiscal 2027 results, and will continue to monitor the situation closely. Stéphane de La Faverie, president and chief executive officer of the The Estée Lauder Cos., said: "For fiscal 2027, we are affirming our confidence to accelerate organic sales growth. In addition, we are raising our outlook for an even stronger adjusted operating margin, as we double down on our strengths to further diversify growth across product categories and geographies, including accelerating growth in North America." Net sales grew 5 percent in fiscal year 2026 to $15 billion.
Organic net sales increased 3 percent. During the fiscal 2026 fourth quarter, it submitted claims for a portion of its eligible tariffs paid and began to receive refunds, recording a $38 million benefit in cost of sales from refunds. This partially offset the full-year gross impact of incremental tariffs of $102 million.
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