Estée Lauder Raises Annual Forecast: Fragrance Boom and Company Restructuring Propel Cosmetics Giant Out of Turnaround Mode!

Estée Lauder significantly exceeds expectations for revenue and profit in the first quarter of the fiscal year. Key drivers include a 19% increase in fragrance sales and a strict cost-cutting program. As a result, the company raises its annual targets. Forecast for 2027 Raised Estée Lauder now expects an adjusted earnings per share of $3.20 to $3.45 for the fiscal year 2027, which is 10 cents more at both ends of the range compared to previous forecasts. Organic revenue growth (adjusted for currency and portfolio effects) is expected to be...