Estée Lauder Raises Outlook After $3.7B Quarter

Estée Lauder reported first-quarter fiscal 2027 results before the market open on November 2, 2026, beating analyst estimates on revenue and EPS. Net sales were about $3.72 billion, up 7% year over year, with 6% organic growth. Adjusted diluted EPS was $0.72 versus $0.51 expected. Fragrance led categories with 20% organic growth and $861 million in sales; skin care grew 4% organically. Mainland China sales were $614 million, up 9% organically. Adjusted operating margin rose to 12.1% from 7.3%. The company raised fiscal 2027 organic sales guidance to 4%-5.5% and adjusted EPS guidance to $3.20-$3.45, and declared a $0.35 quarterly dividend. Shares climbed in premarket trading. CEO Stéphane de La Faverie said, "Our first quarter of fiscal 2027 marks another powerful step forward for The Estée Lauder Companies. Growth is accelerating, profitability is strengthening significantly, and the impact of Beauty Reimagined is becoming increasingly evident across our business." The wire summary said executives attributed the performance to brand and regional momentum and Beauty Reimagined, while noting continued macroeconomic and geopolitical uncertainty. CONTESTED: none found across rated outlets on the core figures and guidance raise.