Estee Lauder jumps on upbeat annual forecasts

Estee Lauder Companies

01/05/2026 11:21

** Estee Lauder EL.N jumps ~13% to $86.50 premarket

** Cosmetics maker sees annual organic net sales growth of ~3%, at high-end of its prior range

** Expects annual adjusted EPS of $2.35-$2.45 vs prior forecast of $2.05-$2.25

** Says it's remaining cautious amid ongoing geopolitical, macroeconomic uncertainties, including business disruptions in Middle East

** Q3 sales of $3.71 billion beat estimates of $3.69 billion, per data compiled by LSEG

** Co, in talks to merge with Jean Paul Gaultier-owner Puig PUIGb.MC, revises job cut target to 9,000-10,000 from earlier 5,800-7,000

** Up to last close, EL down ~27% this year

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))