Overview

• Estée Lauder’s fiscal 2025 net sales fell 8% to $14.326 billion, with fourth‑quarter revenue down 12% to about $3.4 billion, as skincare and makeup weakened and fragrance inched up.
• ELC guided fiscal 2026 net sales growth of flat to 3% with adjusted EPS of $1.90 to $2.10, and warned tariffs will cut profitability by roughly $100 million.
• The company is executing a sweeping restructuring with 5,800 to 7,000 job cuts and $1.2 billion to $1.6 billion in charges, citing a roughly 28% drop in Asia travel retail as a key drag.
• Coty’s fourth quarter delivered $1.25 billion in revenue (down ~8% year over year, above estimates) but a surprise net loss of $72.1 million, with adjusted EPS at negative $0.05.
• For fiscal 2026’s first half, Coty flagged like‑for‑like sales declines (Q1 down 6%–8%), detailed $212.8 million in color‑cosmetics impairment this year, and is shifting production of certain U.S.‑sold fragrances onshore to blunt tariff costs, with fragrance remaining its strongest category.