Overview

• Estée Lauder closed fiscal 2025 with sales down 8% to about $14.3 billion and a fourth‑quarter net sales decline of 12%, posting a $546 million quarterly loss.
• The company guided fiscal 2026 adjusted EPS to $1.90–$2.10 with sales growth between flat and 3%, and said new U.S. tariffs will reduce profitability by roughly $100 million.
• Restructuring at Estée Lauder is set to eliminate 5,800–7,000 roles with sizable charges, while actions include tighter inventory, fewer promotions and shifting some China supply to Japan and Europe.
• Coty reported fourth‑quarter revenue of $1.25 billion, an adjusted loss of $0.05 per share and a net loss of $72.1 million, guiding like‑for‑like sales declines in the first half of fiscal 2026 before a return to growth.
• To blunt tariff costs, Coty is moving production of mass and entry‑prestige fragrances sold in the U.S. to a domestic plant and plans select price increases, leaning on fragrance strength as color cosmetics stay soft.