Estee Lauder Companies (EL) Q1 FY26 earnings call

The Estée Lauder Companies delivered a strong Q1 FY26, marking a return to growth driven by strategic initiatives under "Beauty Reimagined" and the Profit Recovery and Growth Plan. The company saw significant margin expansion and accelerated online sales, with notable outperformance in Mainland China. Management reaffirmed its full-year outlook, balancing early fiscal year momentum with ongoing macro volatility and tougher second-half comparisons.