Estee Lauder Companies Inc

Company facts

Industry

Perfumes, Cosmetics & Other Toilet Preparations

Headquarters

New York, New York

Most recent report

8-K, filed Nov 4, 2026

Incorporated

Delaware

Filings on record

1,007+ filings

On EDGAR

CIK 1001250

Fiscal year ends

June

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 10 sections worth reading, with 3 positive, 8 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Financial statements and notes with segment results, restructuring, litigation, and acquisition details.
  Notable

  • Unrecognized tax benefits totaled $178M at Sept 30, 2026, up from $174M at June 30, 2026.
  • Supplier finance program obligations halved to $44M at Sept 30, 2026 from $87M at June 30, 2026.
  • Restructuring program expects total charges of ~$1,700M; $1,475M cumulative through Q1 2027.
  • Stockholder derivative complaints filed in multiple courts; outcome not estimable.
  • On Oct 5, 2026, acquired remaining 51% of Forest Essentials for $160M cash; expects $94M gain.
  Negative

  • 116 cosmetic talc cases pending as of Sept 30, 2026; new filings may increase, outcomes uncertain.

• Management's Discussion (Item 2)

  Full P&L, segment results, tariff warning, and cash flow details for Q1 FY2027.
  Positive

  • Fragrance net sales grew 19% to $861M in Q1 FY2027, led by Le Labo and TOM FORD.
  • Mainland China net sales rose 15% to $614M in Q1 FY2027, driven by volume and new products.
  • Gross margin expanded 230 bps to 75.7% in Q1 FY2027, driven by mix and PRGP cost savings.
  Notable

  • Moody's rates long-term debt A3 with negative outlook; S&P rates A- with stable outlook.
  • Debt-to-capitalization was 64% at Sep 30, 2026, down from 66% at Jun 30, 2026.
  Negative

  • Tariffs will materially hurt FY2027 profitability and cash flows; Q1 already saw negative impact.

• Other Information (Item 5)

  Contains Iran-related payments to a sanctioned entity, a specific risk disclosure.
  Notable

  • Paid $87 to maintain IP in Iran via a sanctioned bank, under OFAC license, with no revenue.
  Negative

  • Payments went to the Central Bank of Iran, designated as sanctioned under counterterrorism authority.

What changed: Sep 2026 vs. Mar 2026

About 14% of EL's Sep 2026 10-Q is new information. 55 paragraphs were added, 180 changed, and 166 removed. Below are the most important lines SECSift identified.

• Item 1 92
• Item 2 88
• Item 5 3
• Item 6 2
• Item 4 2