Estee Lauder beats first-quarter sales expectations

Estée Lauder exceeded revenue forecasts for the first quarter, showing early signs of recovery under new CEO Stéphane de La Faverie. Shares rose about 6% in pre-market trading.

The company reported quarterly revenue of $3.48 billion, above analysts’ expectations of $3.38 billion, marking initial progress in its turnaround after a prolonged sales slowdown.

Estée Lauder has shifted its focus toward luxury product launches, refreshed assortments and stepped-up marketing efforts, while relocating production closer to key markets to cut costs. The company is also reducing excess inventories and scaling back promotions to manage rising expenses and tariff pressures.

Investors welcomed the results, with shares climbing roughly 6% ahead of the market open, reflecting optimism that the company’s strategy will drive further improvement in the new fiscal year.