Highest-materiality recent filing
Estée Lauder and Puig terminate merger discussions; ELC reaffirms standalone strategy
Discussions regarding a potential business combination began March 23, 2026, and were terminated on May 21, 2026.
Estée Lauder Q3 adj EPS $0.91 +40% YoY; organic sales +2%; raises FY2026 outlook
Q3 net sales $3,712M (+5% reported, +2% organic); adj operating margin 15.0% (+360bps); adj EPS $0.91 (+40%).
Estée Lauder expands restructuring; cumulative approved charges $1.367B
Restructuring Program total charges expected $1.2B–$1.6B (pre-tax); cumulative approved charges $1.367B as of March 31, 2026.
EL confirms discussions with Puig for potential business combination
Estée Lauder confirms it is in discussions about a potential merger with Puig.
Estée Lauder raises FY2026 outlook after Q2 beat; adj. EPS $0.89 vs $0.62 YoY
Q2 net sales $4,229M (+6% reported, +4% organic); adj. operating margin expanded 290bps to 14.4%.
Cumulative restructuring charges approved through Nov 29, 2025: $1,137M before tax, up from $852M through Oct 26, 2025.
Estée Lauder annual meeting elects directors, approves charter amendments to limit officer liability
Stockholders elected 6 directors including William P. Lauder and Dana Strong; term ends 2028 (Class II) or 2027 (Class I).
Estée Lauder selling stockholders to sell 11.3M shares at $89.70 via secondary offering
Three trusts affiliated with Leonard A. Lauder descendants converted 11,034,685 Class B shares into Class A.
Estée Lauder Q1 EPS beats estimates; organic sales +3%, margins expand
Net sales $3.48B (+4% YoY), organic +3%; GAAP EPS $0.13 vs ($0.43) loss; adjusted EPS $0.32 vs $0.14.
Estée Lauder recasts geographic segment results; FY25 net sales $14.3B, down 8%
New regions: Americas, EUKEM, Asia/Pacific (incl. travel retail), Mainland China separate.
Estée Lauder amends stock option vesting for termination without cause; adds clawback provisions
On Aug 21, 2025, Compensation Committee approved a new Stock Option Award Agreement for executive officers and non-executive employees.
Net sales $14.326B (down 8% YoY); GAAP diluted EPS $(3.15) vs $1.08; adjusted diluted EPS $1.51 vs $2.59.
Estee Lauder expands restructuring program; cumulative approved charges $747M through July 30, 2025
Cumulative restructuring charges approved through July 30, 2025 total $747M (pretax), including $124M in latest period.
Two Estée Lauder directors to leave board at 2025 annual meeting
Lynn Forester de Rothschild, class II director since 2000, will not stand for re-election.
Estée Lauder amends bylaws to update stockholder proposal mechanics and forum selection
Stockholder nominations and proposals now require additional disclosures and compliance with universal proxy rule (Rule 14a-19).
Estée Lauder Q3 GAAP EPS $0.44, down 52% YoY; net sales $3.55B, down 10%
Adjusted EPS $0.65 vs $0.97 prior y/e, revenue $3.55B (organic -9%).
Estée Lauder appoints Eric Zinterhofer to Compensation Committee; board reduced to 14 members
Eric Zinterhofer, elected Class II director on Jan 9, 2025, appointed to Compensation Committee on Feb 25, 2025.
Estée Lauder Q2 adjusted EPS down 29%; expands restructuring to 7,000 job cuts
Net sales $4.0B, -6% YoY; GAAP diluted EPS loss $1.64 vs income $0.87, adjusted EPS $0.62 (-29%).
Ronald S. Lauder retires from Estée Lauder board Jan 10; son-in-law Eric Zinterhofer elected
Ronald S. Lauder notified company on Jan 9, 2025, retirement effective Jan 10; no disagreement with company.
Estée Lauder approves $122M additional restructuring initiatives; cumulative charges $479M
PRGP restructuring program now expects initiatives totaling ~$122M (pretax) approved since Oct 25, 2024.
Director Richard D. Parsons retires from Estée Lauder board due to health reasons
Richard D. Parsons notified the Board of his retirement effective December 3, 2024.
Estée Lauder shareholders approve 12M share increase to incentive plan, extend to 2034
Stockholders approved amendments to Fiscal 2002 Share Incentive Plan, adding 12,000,000 shares to the pool.
Estée Lauder appoints Stéphane de La Faverie as CEO effective Jan 1, 2025; Freda to retire
Stéphane de La Faverie named President and CEO, effective Jan 1, 2025; joins Board same day.
Estée Lauder Q1 net loss $156M; cuts dividend to $0.35; withdraws FY2025 outlook
Net sales $3.36B (-4% YoY); reported net loss $156M ($0.43 loss per share); adjusted EPS $0.14 (+33%).
CEO Fabrizio Freda to retire by end of fiscal 2025
Fabrizio Freda, President and CEO, notified Estée Lauder on Aug 19, 2024 of his retirement.
Estée Lauder FY24 sales -2%, adj EPS -25%; Q4 organic sales +8%; FY25 cautious on China
FY24 net sales $15.61B (-2% reported, -2% organic); GAAP EPS $1.08 (-61% YoY), adj EPS $2.59 (-25% YoY).
Estée Lauder approves $137M in new restructuring charges; cumulative $233M
Approved ~$137M in new charges for Value Chain Optimization, Enabling Function Re-Invention, and brand exits.
Appointed Akhil Shrivastava as EVP & CFO effective Nov 1, 2024, succeeding Tracey Travis who will retire June 30, 2025.
Estée Lauder CFO Tracey T. Travis to retire effective June 30, 2025
Tracey T. Travis, EVP and CFO, notified company of retirement on July 11, 2024.
Estée Lauder enters $2.5B revolving credit facility, maturing 2029
New $2.5B senior unsecured facility replaces the 2021 facility; entire amount is undrawn and available.
Estée Lauder completes DECIEM acquisition for ~$860M remaining stake
Closed purchase of remaining DECIEM interests on May 31, 2024 for estimated $860M cash.
Estée Lauder Q3 net sales $3.94B, +6% organic; adj EPS $0.97, above outlook
Net sales $3.94B (+5% reported, +6% organic); diluted EPS $0.91 reported, $0.97 adjusted vs $0.47 prior-year adjusted.
Eric Zinterhofer was elected by the Board of Directors (the “Board”) of The Estée Lauder Companies Inc. as a Class II director on January 9, 2025.
On January 9, 2025, Ronald S. Lauder, a member of the Board of Directors (the “Board”) of The Estée Lauder Companies Inc. (the “Company”), notified the Company that he will retire from the Board, effective January 10, 2025.
Eric Zinterhofer, 53, has been elected by the Board as a Class II director, as Mr. R. Lauder’s designee under the Stockholders’ Agreement.
Fabrizio Freda, current President and Chief Executive Officer, will transition from those offices and resign from the Company’s Board at the end of the day on December 31, 2024.
Fabrizio Freda, current President and Chief Executive Officer, will transition from those offices and resign from the Company’s Board at the end of the day on December 31, 2024.
William P. Lauder will be stepping down from his role as Executive Chairman following the Annual Meeting of Stockholders on November 8, 2024.
Mr. de La Faverie will become a member of the Board effective January 1, 2025, to fill the vacancy that arises from Mr. Freda’s resignation.
on August 19, 2024, Fabrizio Freda, President and Chief Executive Officer and member of the Board of Directors of The Estée Lauder Companies Inc. (the “Company”), notified the Company of his intention to retire at the end of the fiscal year ending June 30, 2025.
On July 11, 2024, The Estée Lauder Companies Inc. (the “Company”) appointed Akhil Shrivastava, as its Executive Vice President and Chief Financial Officer, effective November 1, 2024.
The Company announced Ms. Travis’ intention to retire June 30, 2025 in a press release on July 11, 2024 and in a current report on Form 8-K that was filed with the SEC on July 16, 2024. Effective November 1, 2024, Ms. Travis will be Executive Vice President, Senior Adviser.
on July 11, 2024, Tracey T. Travis, Executive Vice President and Chief Financial Officer of The Estée Lauder Companies Inc. (the “Company”), notified the Company of her decision to retire effective June 30, 2025.
Max materiality 0.90 · Median 0.65 · Most common event other_material