The company said net sales for the 3-month period ended December 31, 2024 decreased 6% from $4,279 million a year earlier to $4,004 million, and that it posted an operating loss of $(580) million. The company reported an operating margin of (14.5)%.

1. 01

   The company said net sales for the 3-month period ended December 31, 2024 decreased 6% from $4,279 million a year earlier to $4,004 million, and that it posted an operating loss of $(580) million. The company reported an operating margin of (14.5)%.

2. 02

   The company attributed the decline in operating margin to (14.5)% to goodwill and other intangible asset impairment charges of $861 million and restructuring and other activity costs of $181 million. Adjusted operating margin was 11.5%.

3. 03

   Estée Lauder said the restructuring program involves restructuring and other costs of $1,200 million to $1,600 million, before taxes, and it estimated annual target gross benefits of $800 million to $1,000 million (before taxes) once fully implemented. The net reduction is approximately 5,800 to 7,000 positions.

4. 04

   The company said operating cash flow for the six months ended December 31, 2024 fell to $387 million from $937 million in the prior-year period. In its report for the quarter ended March 31, 2025, the company outlined net sales growth of (12%) to (10%).

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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