Overview

• Fourth-quarter net sales fell to $3.4 billion and the company reported a net loss of $546 million, or $1.51 per share.
• Full-year fiscal 2025 net sales declined 8% to $14.326 billion, with an operating loss of $785 million.
• Management forecast fiscal 2026 sales growth of flat to 3% and guided adjusted earnings to $1.90 to $2.10 per share.
• Profitability next year is expected to be reduced by about $100 million from tariff-related costs.
• The downturn was led by Asia travel retail, where skincare fell 17% in the quarter while fragrance rose 2% on strength from Le Labo and Jo Malone London, and shares fell about 6% in premarket trading.