Estee Lauder Companies (EL) Q3 FY25 earnings call

The Estée Lauder Companies reported a challenging Q3 FY25 with a 9% organic sales decline, primarily due to a significant 28% drop in travel retail. Despite this, the company achieved strong gross margin expansion and outperformed EPS expectations through disciplined expense management. Strategic initiatives under "Beauty Reimagined" are driving market share gains in key markets like the U.S. and China, alongside rapid channel expansion into platforms like Amazon and TikTok Shop. Management is confident in returning to sales growth in FY26, contingent on tariff resolution, by leveraging supply