Estée Lauder updates restructuring program; total charges approved at $1.748B through June 30, 2026

ESTEE LAUDER COMPANIES INC

Cumulative restructuring and other charges approved through June 30, 2026 total approximately $1,748 million (before tax), up from prior range of $1.5-1.7B.
Charges include $1,044M employee-related costs, $196M asset-related costs, $28M contract terminations, $44M other exit costs.
New initiatives approved after May 28, 2026: $197M in charges, primarily for go-to-market model acceleration, digital transformation, and function re-invention.
Restructuring program approvals concluded as of June 30, 2026; substantial completion expected by end of fiscal 2027.

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