{"schema_version":"secwatch.filing_event.v1","accession":"0001001250-24-000005","form_type":"8-K","ticker":"EL","cik":"0001001250","company_name":"ESTEE LAUDER COMPANIES INC","filed_at":"2024-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.029010+00:00","generated_at":"2026-06-06T08:54:03.764353+00:00","sec_items":["2.02","2.05","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Estée Lauder Q2 net sales down 7%; announces restructuring program with 1,800-3,000 job cuts","bullets":["Q2 net sales $4.28B (-7% YoY); adjusted EPS $0.88 (43% decline); organic sales -8%; exceeded adjusted EPS outlook.","Restructuring program to cut 1,800-3,000 jobs; charges $500M-$700M; expects $350M-$500M annual gross benefits; part of expanded Profit Recovery Plan.","FY2024 outlook: narrowing organic sales range; lowering adjusted EPS to reflect ~35% effective tax rate; reaffirming operating margin.","Skin Care -10% driven by Asia travel retail/China; The Ordinary and La Mer grew double digits; Makeup -8% with Clinique strong.","Fragrance flat; Le Labo double-digit growth; Jo Malone London up; Estée Lauder fragrance declined."],"urls":{"canonical":"https://secwatch.observer/filing/0001001250-24-000005","json":"https://secwatch.observer/filing/0001001250-24-000005.json","markdown":"https://secwatch.observer/filing/0001001250-24-000005.md","text":"https://secwatch.observer/filing/0001001250-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001250/000100125024000005/0001001250-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001250/000100125024000005/el-20240201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T08:54:03.764353+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4f8c38cd8af7f75912ff3cb8bfb58f21a24469a1","claim":"ESTEE LAUDER COMPANIES INC reported fiscal 2024 second quarter ended December 31, 2023 results: revenue $4.28 billion, net income $313 million, EPS $.87. Guidance lowered.","evidence_excerpt":"The Estée Lauder Companies Inc. (NYSE: EL) today reported net sales of $4.28 billion for its second quarter ended December 31, 2023, a decline of 7% from $4.62 billion in the prior-year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001250/000100125024000005/0001001250-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 second quarter ended December 31, 2023"},{"label":"Revenue","value":"$4.28 billion"},{"label":"Net income","value":"$313 million"},{"label":"EPS","value":"$.87"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b81b3ea777294bceb7da3232cc6c0ba760e18f9c","claim":"ESTEE LAUDER COMPANIES INC announced a restructuring with charges of restructuring and other charges totaling between $500 million and $700 million, before taxes affecting reorganization and rightsizing of certain areas of the Company (net reduction in the range of approximately 1,800 to 3,000 positions globally).","evidence_excerpt":"The Company expects that the restructuring program will result in restructuring and other charges totaling between $500 million and $700 million, before taxes, consisting of employee-related costs, contract terminations, asset write-offs and other costs associated with implementing these initiatives.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001250/000100125024000005/0001001250-24-000005-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"restructuring and other charges totaling between $500 million and $700 million, before taxes"},{"label":"Affected area","value":"reorganization and rightsizing of certain areas of the Company"},{"label":"Headcount","value":"net reduction in the range of approximately 1,800 to 3,000 positions globally"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}