Key Highlights

  • Estee Lauder (NYSE:EL) reports fiscal first quarter 2027 results before the open on November 2, 2026; published consensus is EPS of USD 0.52, up from USD 0.32, on Revenue near USD 3.65 billion.
  • Fiscal 2027 guidance calls for Organic Sales growth of 3 to 5%, adjusted EPS of USD 3.10 to USD 3.35, up 24 to 34%, and adjusted Operating Margin of 12.7 to 13.5%.
  • Fiscal 2026 net sales were USD 15,049 million, up 5%, with adjusted EPS of USD 2.51 versus USD 1.51 and adjusted operating margin of 11.2%.
  • Incremental tariffs cost USD 102 million in fiscal 2026, partly offset by a USD 38 million refund benefit in the fourth quarter, per the August 19, 2026 release.

What Estee Lauder Reports and the Guide

Estee Lauder (NYSE:EL) is scheduled to report fiscal first quarter 2027 results before the market opens on November 2, 2026. Published consensus is EPS of USD 0.52 against USD 0.32 a year earlier, and revenue of about USD 3.65 billion, up roughly 4.9%. The company said fiscal 2027 growth would be weighted toward the first half, so the first quarter is the easiest comparison. The raised adjusted operating margin range of 12.7 to 13.5% compares with a May preliminary outlook of 12.5 to 13.0%, and fourth quarter adjusted EPS of USD 0.39 compared with USD 0.09 a year earlier.

Regional Trends and the Margin Mechanism

In fiscal 2026 Asia Pacific organic sales rose mid-single digits on Asia travel retail, with Korea, Hong Kong and Hainan growing, while rest of mainland China travel retail fell after a change in duty-free retailers at the Beijing and Shanghai airports. Mainland China overall grew high-single digits. Middle East disruptions cut fourth quarter sales growth by about 1 point. The margin story rests on restructuring savings and mix: skin care is more profitable than makeup, hair care and fragrance, so a shift in category sales moves the margin. Operating Cash Flow was USD 1.77 billion and free cash flow USD 1.32 billion.

Risks, Dividend, and Dates

Tariffs remain a risk because the company did not quantify a fiscal 2027 impact and assumes no deterioration in the geopolitical landscape. Reported results were weaker than adjusted ones: fiscal 2026 diluted EPS was USD 0.50 against adjusted EPS of USD 2.51, reflecting restructuring and other charges. The quarterly Dividend is USD 0.35 per share, and cash stood at USD 3.50 billion at June 30, 2026, up from USD 2.92 billion a year earlier. Consumer peer Clorox (NYSE:CLX) reports after the close on November 2. The S&P 500 fell 1.8% on October 30, 2026, so sentiment is fragile and a miss could be punished.

Where Things Stand

The beauty giant is Estee Lauder (NYSE:EL), and its fiscal 2027 outlook of adjusted EPS up as much as 34% is the headline number. The balance of evidence shows a margin recovery under way, with fourth quarter adjusted EPS of USD 0.39 and a raised margin range, but revenue growth of 3 to 5% is modest and China and travel retail must hold. The report before the open on November 2 is the first test of the first-half weighting.