Estée Lauder FY2026 Earnings: $15.0B Sales, a Return to Profit, and Restructuring Between the Margins
Estée Lauder FY2026: net sales $15.05B (+5% reported, +3% organic), net earnings $182M after a $1.13B loss, and adjusted EPS $2.51 (+66%). Fragrance grew 10% organic and mainland China 9%, gross margin expanded 150 bps to 75.5%, and the FY2027 adjusted operating margin guide was raised to 12.7%–13.5% — while the 6-point gap between 5.2% reported and 11.2% adjusted margin remains the story. Tracked in a public Beancount ledger spanning FY2022–FY2026.