ESTEE LAUDER COMPANIES INC (EL): restructuring charge — Estée Lauder Q2 adjusted EPS down 29%; expands restructuring to 7,000 job cuts

ESTEE LAUDER COMPANIES INC

2025-Q2 EPS reported -$2.07 vs consensus $0.09 ▼ miss (-2410.3%)

Net sales $4.0B, -6% YoY; GAAP diluted EPS loss $1.64 vs income $0.87, adjusted EPS $0.62 (-29%).
Goodwill/intangibles impairments of $861M (Tom Ford, Too Faced) drove $580M operating loss.
Restructuring program expanded: now 5,800-7,000 job eliminations (was 1,800-3,000); total charges $1.2B-$1.6B.
Q3 FY25 outlook: organic net sales -10% to -8%; adjusted EPS $0.20-$0.30 (vs $0.97 prior year).
Quarterly dividend maintained at $0.35 per share; payable March 17.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

ESTEE LAUDER COMPANIES INC announced a restructuring with charges of between $1,200 million and $1,600 million (approximately 5,800 to 7,000 positions globally).

Type: restructuring
Charge: between $1,200 million and $1,600 million
Headcount: approximately 5,800 to 7,000 positions globally

Exact text from the filing

In connection with the Restructuring Program, the Company now estimates a net reduction in the range of approximately 5,800 to 7,000 positions globally, which is about 9-11% of its positions including temporary and part-time employees as of June 30, 2023. This net reduction takes into account the elimination of positions after retraining and redeployment of certain employees in select areas. 2 The Company now expects that the Restructuring Program will result in restructuring and other charges totaling between $1,200 million and $1,600 million, before taxes

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2 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

ESTEE LAUDER COMPANIES INC filing history →

Source: SEC EDGAR

accession 0001001250-25-000009

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