EL · 8-K · 20261102PR000057

Macroeconomic Factors Impact

ESTEE LAUDER COMPANIES INC · 2026-11-02 · Importance 17 · Surprise 24

The company said its fiscal 2027 outlook remains cautious because of ongoing geopolitical and macroeconomic uncertainty. It assumes no deterioration in the geopolitical landscape or related impacts, including tariffs and consumer sentiment. Based on current conditions, the company does not expect the conflict in the Middle East to have a material impact on fiscal 2027 results, while noting that EUKEM’s second-half comparison benefits from prior-year business disruptions related to the conflict. The company said it will continue to monitor the situation closely.

Key facts

• Based on current conditions and its assessment to date, the company does not expect the Middle East conflict to materially affect fiscal 2027 results and will continue monitoring the situation. source
• The company’s fiscal 2027 outlook assumes no deterioration in the geopolitical landscape or related impacts, including tariffs and consumer sentiment. source
• The company assumes stabilization from recent disruptions in other key EUKEM markets. source