EL · 8-K · 20261102PR000057
Geographic Market Commentary
ESTEE LAUDER COMPANIES INC · 2026-11-02 · Importance 30 · Surprise 32
Organic net sales grew 6% across every geographic region; Mainland China grew 9% organically, while Asia/Pacific growth was primarily driven by travel retail. Beijing and Shanghai airport sales increased with replenishment orders amid continued stabilization following changes in duty-free retailers, and Hainan travel retail improved primarily because of online retail sales. Mainland China growth came from innovation and existing products during key shopping moments, with expanded consumer reach contributing across online and brick-and-mortar channels. North America continued to grow, and Priority Emerging Markets collectively increased, led by Turkey, Mexico and India.