On Friday, The Estée Lauder Companies posted its third-quarter earnings for fiscal year 2026. CEO and president Stéphane de La Faverie said 2026 was shaping up to be a “pivotal” year in the company’s turnaround plan, as ELC posted 5% net sales growth to $3.7 billion for the quarter. Much of that growth came from fragrance, which saw net sales rise 10%. Hair care, skin care and makeup sales were largely flat, the company reported. But while makeup as a whole was flat, growth was staggered across brands. At Too Faced, the colorful makeup brand that ELC purchased in 2016 for an estimated $1.45 billion and is reportedly up for sale, sales dropped double digits in Q3 2026. The company has not confirmed if Too Faced is up for sale. However, the Estée Lauder brand saw double-digit growth during that same period, driven by its relaunch of Double Wear foundation. According to de La Faverie, MAC was the No. 1 lip brand when it launched at Sephora U.S. stores in March.Continue reading this article on glossy.co. Sign up for Glossy newsletters to get the latest on the business of beauty, fashion and pop culture.
