Estee Lauder Companies, Inc. (TNYSE: EL
Consumer Staples · Personal Care Products
$90.90
+15.19%
Vol: 263K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Estee Lauder expanded job cuts to 9,000-10,000 roles and settled China grey-market lawsuit for $210MMixed▶
Estee Lauder on May 1, 2026 reported fiscal Q3 EPS of $0.91 beating estimates of $0.67 with net sales up 5% to $3.7B. The company announced an expanded workforce reduction targeting 9,000-10,000 jobs (nearly 20% of staff), up from prior 5,800-7,000, aiming to save up to $1.2B in costs. More than 70% of the increase is due to point-of-sale reductions in department and freestanding stores. EL also agreed to a $210M settlement of a shareholder lawsuit over China grey-market sales disclosures. The company raised FY26 adjusted EPS view to $2.35-$2.45 and declared a $0.35 dividend. Risk: tariff headwinds expected to reduce FY26 profitability by $100M, and EL filed a lawsuit against Walmart over counterfeit beauty products.
May 20Estee Lauder expands restructuring to 10K job cuts and settles $210M shareholder suit while beating Q3 estimatesMixed▶
Estee Lauder expanded its workforce reduction plan to 9,000-10,000 positions (up from 5,800-7,000), targeting up to $1.2B in cost savings, with more than 70% of the increase from point-of-sale reductions at unproductive department/freestanding store doors. The Q3 fiscal 2026 results on May 1 beat estimates with sales of $3.71B (vs $3.69B est) and adjusted EPS of $0.88-$0.91 (vs $0.65 est), and FY26 adjusted EPS guidance raised to $2.35-$2.45 from $2.03-$2.23. The company also agreed to a $210M settlement of a shareholder lawsuit over grey-market sales disclosure in China. Tariff headwinds expected to reduce FY26 profitability by $100M. CEO Stéphane de La Faverie presented at the Morgan Stanley Luxury Conference in Paris on May 19. Stock down 22.5% YTD despite Q3 beat.
May 19Estee Lauder expands job cuts to 9,000-10,000 positions and settles China grey-market shareholder lawsuit for $210MMixed▶
Estee Lauder announced an expansion of its Profit Recovery and Growth Plan with up to 10,000 job reductions (~20% of staff), with over 70% of the increase tied to point-of-sale demo roles at underperforming department-store doors. On May 9, 2026, the company agreed to a $210 million settlement of a shareholder lawsuit over disclosure of grey-market sales in China. Fiscal Q3 2026 (reported May 1) showed sales of $3.71B and adjusted EPS of $0.91, beating the $0.65 consensus; the company raised FY26 adjusted EPS guidance to $2.35-$2.45 (from $2.03-$2.23) and now expects organic sales growth at the high end of prior range. CEO Stephane de La Faverie participated in the Morgan Stanley Luxury Conference in Paris on May 19, 2026. Risk: tariff headwinds projected to reduce FY26 profitability by $100M while shares are down ~28% YTD.
May 18Estee Lauder fell 3.2% on May 13 amid plans to cut up to 3,000 additional jobs (10,000 total) and $210M shareholder settlementMixed▶
Estee Lauder shares fell 3.2% on May 13 to $82.13 as restructuring concerns weighed. The beauty giant disclosed plans to cut up to 3,000 additional jobs, bringing total expected layoffs to as many as 10,000 (nearly 20% of workforce), targeting up to $1.2B in cost savings. The company also agreed to a $210M settlement of a shareholder lawsuit over grey-market sales disclosure in China. Q3 FY26 EPS of $0.91 beat estimates of $0.67 but revenue of $3.71B missed by ~$88M. The company raised FY26 outlook to high-end of organic sales growth range with adjusted operating margin expansion approaching 300bps. CEO will participate in Morgan Stanley Luxury Conference on May 19. Median analyst PT is $105.
May 15Estee Lauder to participate in Morgan Stanley Luxury Conference May 19 amid 3,000 additional job cuts and $210M settlementMixed▶
On May 12, 2026, Estee Lauder announced CEO Stéphane de La Faverie and Nadine Graf will speak at the Morgan Stanley Luxury Conference in Paris on May 19, 2026. The company is expanding its restructuring program, planning up to 3,000 additional job cuts (total reductions now 9,000-10,000) targeting up to $1.2B in cost savings. Q3 FY26 sales were $3.71B with net income of $89M and the FY EPS range narrowed to $0.69-$0.83 with a 2% Q4 sales headwind flagged. The company agreed to a $210M settlement of a securities fraud class action over disclosure of grey-market China sales. The dividend of $0.35 was affirmed. Shares jumped about 11% premarket on the restructuring news but are down 27.74% YTD. Aggressive cost cuts may improve margins but execution risk and weak China demand persist.
May 14Estee Lauder to participate in Morgan Stanley Luxury Conference May 19 amid $210M settlement and expanded job cutsMixed▶
Estee Lauder agreed to a $210M securities fraud class action settlement (pending court approval) related to grey-market sales disclosure failures. The company is cutting up to 3,000 more jobs (total now 9,000-10,000 reductions) targeting up to $1.2B in cost savings. Q3 FY2026 results on May 1 beat estimates with $3.71B revenue and $0.88 adjusted EPS vs. $0.65 expected. CEO Stephane de La Faverie will speak at the Morgan Stanley Luxury Conference in Paris on May 19. Stock fell 3.2% to $82.13 on May 13, down 23% YTD.
May 13Estee Lauder to present at Morgan Stanley Luxury Conference, building on raised FY26 outlook and expanded restructuring planPositive▶
On May 12, 2026, Estee Lauder announced that CEO Stephane de La Faverie and EMEA President Nadine Graf will participate in the Morgan Stanley Luxury Conference in Paris on May 19. The announcement follows the company's May 1 fiscal Q3 results, where it raised full-year fiscal 2026 organic net sales and adjusted profitability guidance and reported EPS of $0.91, beating estimates of $0.67. Estee Lauder also expanded its restructuring plan, now targeting 9,000-10,000 total job cuts (up from a prior 7,000) with savings of up to $1.2 billion. The company recently agreed to a $210 million shareholder lawsuit settlement related to grey-market sales disclosures in China. Analyst consensus is Buy with an average price target of $100.61.
May 12Estee Lauder agreed to a $210 million shareholder lawsuit settlement on May 9, 2026 over China grey-market disclosure, following an earnings beat and expanded restructuring announced May 1.Mixed▶
Estee Lauder reported fiscal Q3 2026 results on May 1, with sales of $3.71 billion and adjusted EPS of $0.88-$0.91 (vs. $0.65 estimate, +40% YoY). Gross margin expanded 140 bps to 76.4%. The company raised its full-year profit forecast and announced plans to cut up to 3,000 additional jobs, bringing total layoffs to 9,000-10,000 with target savings of $1.2 billion. On May 9, EL agreed to a $210 million settlement to resolve a shareholder lawsuit over grey-market sales disclosures in China. The company also faces a trademark dispute with Zara over the Jo Malone brand. Consensus rating is Buy with an average price target of $100.61.
May 11Estee Lauder agrees to $210M shareholder settlement and announces up to 3,000 more job cuts after Q3 FY26 earnings beat; merger talks with Puig reported.Positive▶
On May 9, 2026, Estee Lauder agreed to a $210M settlement of a shareholder lawsuit over disclosure of grey-market sales in China. The settlement comes after a strong fiscal Q3 2026 report on May 1 showing revenue of $3.71B (+5% YoY) versus estimates of $3.69B and adjusted EPS of $0.88-$0.91 versus $0.65 consensus. The company raised FY26 adjusted EPS guidance to $2.35-$2.45 from $2.03-$2.23 and announced plans to cut up to 3,000 more jobs (total up to 10,000) for an additional $1.2B in savings. Shares jumped roughly 11% in premarket and another 5% during the session post-earnings. Estee Lauder is reportedly in merger talks with Puig (owner of Jean Paul Gaultier). Tariffs are expected to reduce FY26 profitability by $100M.
May 8Estee Lauder cuts 9,000-10,000 jobs (17.5% workforce); raises EPS outlookPositive▶
Estée Lauder expanded restructuring to eliminate 9,000-10,000 jobs (17.5% of workforce), up from prior 7,000 target, with 70%+ hitting department store beauty advisors. Q3 FY2026 revenue $3.71B (+5% YoY) beat estimates. Company raised FY26 adjusted EPS view to $2.35-$2.45 despite $100M tariff headwind impact. Stock jumped 10% on restructuring news, signaling confidence in digital-first strategy via Amazon and TikTok Shop.
May 7Estée Lauder cuts 9,000-10,000 jobs (17.5% workforce), beats Q3 earnings; stock jumps 11.5%Positive▶
Estée Lauder reported Q3 2026 EPS of $0.91 beating estimates of $0.67; revenue $3.71B up 5% YoY, exceeding consensus. On May 1 announced elimination of 9,000-10,000 jobs (up from prior 7,000 target), with 70%+ hitting department store beauty advisors. Company betting digital channels (Amazon, TikTok Shop) as growth drivers. Stock jumped 10% on announcement, trading $87.33 on May 6. Barclays raised PT to $75 from $72; UBS raised to $85 from $75. Strategic 'Beauty Reimagined' vision targets sustainable growth and double-digit adjusted margins.
May 6Estee Lauder Q3 FY2026 revenue $3.712B beat estimates; raised full-year EPS guidance midpoint to $2.40Positive▶
Estee Lauder reported Q3 fiscal 2026 results on May 1 with sales of $3.712B and net income of $89M. Non-GAAP EPS of $0.88 was 35.8% above consensus. Company met Wall Street revenue expectations and raised full-year EPS guidance midpoint to $2.40 (from prior lower guidance). Full-year EPS guidance now $0.69-$0.83. Double-digit net sales growth in fragrance and growth in three of four geographic regions led by mainland China. Announced minority investment in 111SKIN luxury skincare and acquiring remaining stake in Forest Essentials. Stock up 7.5% post-earnings. Tariff headwinds expected to reduce FY26 profitability by $100M. Analyst updates: UBS raised PT to $85 from $75, Morgan Stanley to $90 from $85, Telsey to $90 from $105.
Sector Peers
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|---|---|---|---|---|---|---|
| PGPROCTER | $149.99 | +4.60% | +0.7% | 20.2x | 0.40 | $333.9B |
| KVUEKENVUE | $18.29 | +4.73% | +1.6% | 14.2x | 0.52 | $33.5B |
| ELESTEE | $90.90 | +15.19% | -1.4% | 24.8x | 1.21 | $28.5B |
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| KOCOCA | $80.93 | -0.30% | -0.0% | 23.3x | 0.36 | $349.2B |
Key Fundamentals
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Price below 200d MA — bearish structure.