EL · 8-K · 20261104PR000066

Guidance and Outlook

ESTEE LAUDER COMPANIES INC · 2026-11-04 · Importance 66 · Surprise 58 · No source text

The Estée Lauder Companies set fiscal 2030 ambitions of sustainable mid-single-digit annual organic net sales growth through fiscal 2030, double-digit adjusted diluted EPS growth, and an adjusted operating margin of 16.5%–18.5% in fiscal 2030. Management expects greater margin expansion in fiscal 2028 than in fiscal 2029 and 2030, reflecting a full-year run-rate of benefits from PRGP initiatives approved through fiscal 2027; the company also expects its adjusted effective tax rate to reach 30% or below by fiscal 2030. Through fiscal 2030, higher earnings, lower restructuring payments, working-capital efficiencies, and optimized capital expenditures are expected to strengthen operating cash flow and increase free cash flow. These targets are supported by the Beauty Reimagined strategy and One ELC operating model, including everyday efficiencies and continued consumer-facing investment.

Key facts

• ESTEE LAUDER COMPANIES INC expects approximately $40 million to $50 million of restructuring and other activity charges, before taxes, in fiscal 2028; the charges are expected to affect operating margin, effective tax rate, and diluted net earnings per common share and are excluded from the forward-looking metrics. source
• ESTEE LAUDER COMPANIES INC expects double-digit adjusted diluted net earnings per share growth through fiscal 2030. source
• ESTEE LAUDER COMPANIES INC said its fiscal 2027 outlook reflects accelerating organic sales growth and another year of significant profitability improvement. source

Impact estimates