The Estée Lauder Companies Inc. (EL) Q3 2025 Earnings Call Transcript

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Q3: 2025-05-01 Earnings Summary

Insights
EPS of $0.65 beats by $0.34
 | Revenue of $3.55B (-9.90% Y/Y) beats by $34.32M

The Estée Lauder Companies Inc. (NYSE:EL) Q3 2025 Earnings Conference Call May 1, 2025 8:30 AM ET

Company Participants

Rainey Mancini - SVP, IR
Stéphane de La Faverie - President and CEO
Akhil Shrivastava - EVP and CFO

Conference Call Participants

Steve Powers - Deutsche Bank
Bonnie Herzog - Goldman Sachs
Lauren Lieberman - Barclays
Filippo Falorni - Citi
Peter Grom - UBS
Dara Mohsenian - Morgan Stanley
Bryan Spillane - Bank of America

Operator

Good day everyone and welcome to The Estée Lauder Companies' Fiscal 2025 Third Quarter Conference Call. Today's webcast is being recorded.

For opening remarks and introductions, I would like to turn the call over to the Senior Vice President of Investor Relations, Ms. Rainey Mancini.

Rainey Mancini

Hello. On today’s webcast are Stéphane de La Faverie, President and Chief Executive Officer; and Akhil Shrivastava, Executive Vice President and Chief Financial Officer.

Since many of our remarks today contain forward-looking statements, let me refer you to our press release and our reports filed with the SEC, where you will find factors that could cause actual results to differ materially from these forward-looking statements.

To facilitate the discussion of our underlying business, the commentary on our financial results, and expectations is before restructuring and other charges and adjustments disclosed in our press release.

Unless otherwise stated, all organic net sales growth also excludes the non-comparable impacts of acquisitions, divestitures, brand closures, and the impact of foreign currency translation. You can find reconciliations between GAAP and non-GAAP measures in our press release and on the Investors' section of our website.

As a reminder, references to online sales include sales we make directly to our consumers through our brand.com sites and through third-party platforms. It also includes estimated sales of our products through our retailers’ websites.

Throughout our discussion, our

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