A year after declining sales led the Estée Lauder Companies to launch its “Beauty Reimagined” turnaround plan, the beauty conglomerate has returned to growth. The company posted a 6% increase in net sales for the second quarter of fiscal year 2026, to $4.2 billion. The company now projects that full-year organic net sales in 2026 will increase by 1-3%. The company projects growth across all regions, with the exception of the Americas, where it predicts sales will remain flat. “When we introduced Beauty Reimagined, our ambition was bold: to execute the biggest operational leadership and cultural transformation in our history to become the best consumer-centric prestige beauty company,” said ELC CEO Stéphane de La Faverie. “Thanks to the passion, creativity and resilience of our team around the world, we have come far in one year.” Fragrance remained one of the conglomerate’s best-performing categories. Net sales rose 6% compared to Q2 2024, driven by Tom Ford and Le Labo. The company opened nine net-new freestanding stores globally in Q2, including new outposts from Jo Malone London, and ushered in new launches from Tom Ford, such as Figue Érotique. Skin-care net sales rose 6%, driven by growth in La Mer and the Estée Lauder brand’s longevity skin-care products, while hair-care net sales grew 5%.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.
