Highest-materiality recent filing
Estée Lauder updates restructuring program; total charges approved at $1.748B through June 30, 2026
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.
Estée Lauder increases restructuring charge estimate to $1.5-1.7B; approves new initiatives
Cumulative restructuring charges approved through May 28, 2026 total $1,551M (pretax), including $134M approved April 30–May 28, 2026.
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 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 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.
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 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.
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 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.
Estée Lauder issues $650M 5.000% Senior Notes due 2034; proceeds for DECIEM buyout
$650M aggregate principal of 5.000% Senior Notes due Feb 14, 2034; interest payable semi-annually from Aug 14, 2024.
Estée Lauder Q2 net sales down 7%; announces restructuring program with 1,800-3,000 job cuts
Q2 net sales $4.28B (-7% YoY); adjusted EPS $0.88 (43% decline); organic sales -8%; exceeded adjusted EPS outlook.
Estée Lauder Q1 net sales -10%, EPS $0.09; lowers FY2024 guidance citing Asia travel headwinds
Net sales $3.52B (-10% YoY); diluted EPS $0.09 vs $1.35; adjusted EPS $0.11 vs $1.37.
Estée Lauder FY2023 sales down 10%, EPS $2.79; declares $0.66 dividend
Full-year FY2023 net sales $15.91B, down 10% YoY; organic net sales down 6%.
Estée Lauder discloses cybersecurity incident with unauthorized access to systems
Unauthorized third party gained access to some Company systems; data was obtained.
Estée Lauder prices $2.0B senior notes offering in three tranches
$700M 4.375% notes due 2028, $700M 4.650% notes due 2033, $600M 5.150% notes due 2053.
Estée Lauder Q3 net sales -12%, EPS $0.43; cuts FY outlook on Asia travel retail drag
Q3 net sales $3.75B, down 12% reported and 8% organic; reported diluted EPS $0.43 vs $1.53 prior year.
Estée Lauder Q2 net sales down 17% to $4.62B; EPS $1.09; cuts FY outlook on travel retail
Net sales $4.62B (-17% YoY), organic -11%; GAAP EPS $1.09 (-63%), adjusted EPS $1.54 (-49%).
Estée Lauder to acquire TOM FORD brand for $2.3B net; deal includes Zegna and Marcolin licenses
Total enterprise value $2.8B; ELC pays ~$2.3B net of $250M from Marcolin at closing.
EL Q1 net sales $3.93B (-11% YoY); EPS $1.35; cuts FY2023 outlook
Q1 net sales $3.93B (-11% YoY); diluted EPS $1.35 (-28%); adjusted EPS $1.37 (-28% in constant currency).
Estée Lauder FY2022 net sales up 9% to $17.74B; Q4 sales down 10% as China COVID restrictions hit
Full year GAAP EPS $6.55 (down 16% YoY); adjusted EPS $7.24 (+12% constant currency).
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.
On August 22, 2023, Leonard A. Lauder (“Mr. L. Lauder”), who has been a member of the Board of Directors (the “Board”) since 1958, and Wei Sun Christianson (“Ms. Christianson”), who has been a member of the Board since 2011, notified The Estée Lauder Companies Inc. (the “Company”) of their decisions not to stand for re-election as Class III directors at the Company’s 2023 Annual Meeting of Stockholders on November 17, 2023 (the “2023 Annual Meeting”).
Max materiality 0.90 · Median 0.65 · Most common event earnings