Estée Lauder Reports Q1 Earnings Beat and Raises Fiscal 2027 Outlook
Estée Lauder (EL) reported first-quarter financial results that exceeded analyst expectations on both the top and bottom lines. The company posted non-GAAP earnings per share of $0.72, surpassing estimates by $0.21, while revenue grew 6.9% year-over-year to reach $3.72 billion, beating projections by $70 million. In addition to the earnings beat, the company reported a significant decrease in its adjusted effective tax rate, which fell to 31.9% from 40.5% in the prior period. Based on these strong results, Estée Lauder has updated its financial guidance, raising its full-year outlook for fiscal 2027.
Tickers: $EL
Topics: earnings beat guidance raise revenue growth
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