ELEstée Lauder Companies
The Estée Lauder Companies Inc., founded in 1946 by Estée and Joseph Lauder, is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products. 10-K, Item 1
- Headquarters
- New York, NY
- CEO
- la Faverie Stephane de
- Next results
- around Feb 4, 2027
The biggest changes in the 10-K filed 2026-08-19, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
-5.5% → 5.2% (+10.7 pts) Big change FY to 2026-06-30 vs 2025-06-30“The reported operating margin for fiscal 2026 increased from the prior year, driven by the favorable operating expense margin, which includes the favorable year-over-year impact of goodwill and other intangible asset impairment charges in fiscal 2025 of $1,286 million, as well as the increase in net sales and increase in gross margin, as discussed above.”
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“Reported skin care operating income increased $842 million, or over 100%, in fiscal 2026, reflecting an increase in net sales and the favorable year-over-year impact of the other intangible asset impairment charge in the prior year related to Dr.Jart+ of $375 million.”
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Cash from operations
+39.4% Big change FY to 2026-06-30 vs 2025-06-30The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Gross margin
74.0% → 75.5% (+1.5 pts) Big change FY to 2026-06-30 vs 2025-06-30“The increase in gross margin in fiscal 2026 is driven by net benefits from the PRGP, partially offset by unfavorable impacts within manufacturing costs and other, reflecting the impact of inflation on our costs, as well as tariffs.”
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Revenue
+5.0% FY to 2026-06-30 vs 2025-06-30“Reported net sales increased in fiscal 2026, driven by skin care and fragrance, and to a lesser extent, makeup.”
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“By geographic region, reported net sales increased across all geographic regions in fiscal 2026, led by Mainland China and EUKEM.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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