Estee Lauder sees luxury fragrance strength and tariff-fueled cost benefit
Luxury fragrances and skincare demand helped Estee Lauder grow, with Le Labo and Tom Ford driving 10% net sales growth in the fourth quarter. The company is expanding brand presence across distribution and markets, while acknowledging weaker makeup and hair care. It also booked a $38 million benefit from tariff refunds, offsetting Middle East conflict disruptions to fiscal 2026 earnings per share.