Estee Lauder Companies (EL) Q2 FY25 earnings call

The Estée Lauder Companies is embarking on its largest transformation, "Beauty Reimagined," to restore sustainable sales growth and achieve a solid double-digit adjusted operating margin. This involves a significant expansion of the Profit Recovery and Growth Plan (PRGP) to reduce costs and strategically reinvest in consumer-facing initiatives. The company aims for greater agility, faster innovation, and improved consumer engagement through a leaner organizational structure, while navigating persistent headwinds in China and Korea and rebalancing its growth drivers globally.