The Estée Lauder Companies said skin care net sales decreased 12% for the 3 months ended March 31, 2025. It cited lower net sales from Estée Lauder and La Mer as primary factors, which it said were driven mainly by its Asia travel retail business.

10-QQuarterly reportFiled May 1, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

The Estée Lauder Companies said skin care net sales decreased 12% for the 3 months ended March 31, 2025. It cited lower net sales from Estée Lauder and La Mer as primary factors, which it said were driven mainly by its Asia travel retail business.
The company said goodwill and other intangible asset impairments relating to TOM FORD and Too Faced totaled $861 million for the 9 months ended March 31, 2025. It cited a decrease in net sales and an increase in operating expense margin as factors in the reported operating margin decline for the 3 and 9 months.
The Estée Lauder Companies said charges associated with restructuring and other activities were $97 million for the 3 months ended March 31, 2025, compared with $18 million in the prior-year period, and $384 million for the 9 months, compared with $28 million in the prior-year period. It said these charges are not allocated to product categories or geographic regions.
The Estée Lauder Companies said that as of March 31, 2025, cash and cash equivalents decreased to $2,631 million from $3,395 million as of June 30, 2024. The ratio of total debt to total capital was 63% as of March 31, 2025 and 59% as of June 30, 2024.

Key figures

Quarter ended March 31, 2025

Revenue: $3.5B
Operating income: $306M
Net income: $159M
EPS: $0.44
Gross profit: $2.7B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Skin Care Net Sales Down 12%

The Estée Lauder Companies said skin care net sales decreased 12% for the 3 months ended March 31, 2025. It cited lower net sales from Estée Lauder and La Mer as primary factors, which it said were driven mainly by its Asia travel retail business.

Source · Based on the MD&A text of the filing

TOM FORD and Too Faced Impairments and Operating Margin

The company said goodwill and other intangible asset impairments relating to TOM FORD and Too Faced totaled $861 million for the 9 months ended March 31, 2025. It cited a decrease in net sales and an increase in operating expense margin as factors in the reported operating margin decline for the 3 and 9 months.

Source · Based on the MD&A text of the filing

Restructuring and Other Activity Charges

The Estée Lauder Companies said charges associated with restructuring and other activities were $97 million for the 3 months ended March 31, 2025, compared with $18 million in the prior-year period, and $384 million for the 9 months, compared with $28 million in the prior-year period. It said these charges are not allocated to product categories or geographic regions.

Source · Based on the MD&A text of the filing

Cash Balance and Debt-to-Capitalization Ratio

The Estée Lauder Companies said that as of March 31, 2025, cash and cash equivalents decreased to $2,631 million from $3,395 million as of June 30, 2024. The ratio of total debt to total capital was 63% as of March 31, 2025 and 59% as of June 30, 2024.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.