Estee Lauder Companies, Inc. (NYSE:EL) reported stronger-than-expected quarterly results on Thursday, driven by broad-based demand across regions and categories across its prestige beauty portfolio.
The company reported second-quarter adjusted earnings per share of 89 cents, beating the analyst consensus estimate of 83 cents. Quarterly sales of $4.229 billion (+6% year over year) outpaced the Street view of $4.219 billion.
“In this pivotal year, Beauty Reimagined has invigorated our business as we execute the biggest operational, leadership, and cultural transformation in our history,” said Stéphane de La Faverie, President and CEO.
The firm raised its fiscal 2026 adjusted earnings forecast to $2.03-$2.23 per share from $1.90-$2.10, compared with analysts’ estimates of …