EL · 8-K · 20261104PR000066

Free Cash Flow Outlook

ESTEE LAUDER COMPANIES INC · 2026-11-04 · Importance 26 · Surprise 24

Through fiscal 2030, the company expects higher earnings, lower restructuring payments and continued working capital efficiencies to strengthen operating cash flow. It expects those factors, together with optimization of capital expenditures, to increase free cash flow. The release does not provide dollar targets for operating cash flow, free cash flow or capital expenditures.

Key facts

• Through fiscal 2030, ESTEE LAUDER COMPANIES INC expects higher earnings, lower restructuring payments, and continued working capital efficiencies to strengthen operating cash flow; together with capital expenditure optimization, these are expected to increase free cash flow. source