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02.05.26 - 03:09
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Estée Lauder Accelerates Turnaround, Adds 3,000 Jobs To Chopping Block (ZeroHedge)
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Estée Lauder Accelerates Turnaround, Adds 3,000 Jobs To Chopping Block
Beauty and cosmetics giant Estée Lauder is accelerating its workforce restructuring, announcing Friday morning that it will cut another 3,000 jobs, bringing total planned reductions to as many as 10,000 roles. The move is expected to unlock hundreds of millions of dollars in additional savings. Still, it also suggests a deeper reset in the company's workforce after its hiring spree leading up to Covid, potentially putting a long-term cap on headcount.
The owner of Clinique, La Mer, MAC, Aveda, Bobbi Brown, Jo Malone London, Le Labo, Tom Ford Beauty, Too Faced, and others wrote in an earnings press release that it now "estimates a final net reduction in positions of 9,000 to 10,000, an increase from 5,800 to 7,000." In other words, management found another 3,000 jobs to cut.
According to Bloomberg data, Estée Lauder has a global workforce of about 40,470 as of the second quarter of 2025. The total workforce ...
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01.05.26 - 12:06
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The Estée Lauder Companies Reports Fiscal 2026 Third Quarter Results (Business Wire)
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Raises Full-Year Fiscal 2026 Outlook on Organic Net Sales and Adjusted Profitability, Reflecting Strong Year-to-Date Results:
– Double-Digit Net Sales Growth in Fragrance
– Net Sales Growth in Three of Four Geographic Regions, Led by Mainland China
– Beauty Reimagined Execution on Track, PRGP Ahead of Expectations
Shares Preliminary View on Fiscal 2027:
– Net Sales Growth of 3% to 5%; Adjusted Operating Margin of 12.5% to 13.0%NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) today reported its financial results for the third quarter ended March 31, 2026.
“Our third quarter results extend strong year-to-date performance, driven by Beauty Reimagined,” said Stéphane de La Faverie, President and CEO. “In the first nine months of fiscal 2026, organic sales for Fragrance rose double-digits, while three of four regions grew, led by high single-digit growth in Mainland China where we outperformed prestige beauty to gain share. With momentum across all five action plan prioriti...
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