Estee Lauder Companies (EL) Q2 FY26 earnings call

The Estée Lauder Companies reported strong Q2 FY26 results, marking the first anniversary of its 'Beauty Reimagined' strategy with 4% organic sales growth and significant operating margin expansion. The company raised its full-year outlook, reflecting confidence in its turnaround momentum despite ongoing macroeconomic and geopolitical uncertainties, particularly in travel retail and some Western markets. Management remains focused on disciplined execution and long-term value creation through strategic investments and operational efficiencies.