Key takeaways
- Estée Lauder (NYSE: EL) reported robust fiscal Q1 2027 results, with net sales of $3.72 billion and adjusted earnings of $0.72 per share, both surpassing analyst estimates.
- Fragrance sales were a significant growth driver, rising 19% and contributing to an increase in adjusted gross margin by 240 basis points to 75.7%.
- The beauty giant raised its fiscal 2027 outlook, projecting adjusted earnings of $3.20–$3.45 per share and organic sales growth of 4%–5.5%.
Estée Lauder (NYSE: EL) is a leading beauty company that sells skin care, makeup, fragrance, and hair care products. On November 2, 2026, Goldman Sachs analyst Bonnie Herzog set a $129.00 price target, about 21.8% above the share price of $105.87 at the time.
The target follows a strong fiscal first quarter of 2027. Estée Lauder reports net sales of $3.72 billion, up 7% from a year earlier and above the $3.65 billion estimate. Organic sales, which exclude the effects of currency changes and acquisitions, grow 6%.
Fragrance is a key source of growth. Sales in that category rise 19%, while adjusted gross margin increases by 240 basis points to 75.7%. That margin is the share of sales left after direct production costs; 240 basis points equals 2.4 percentage points.
Adjusted earnings rise 125% to $0.72 per share, beating the $0.52 estimate. As highlighted by Zacks, Estée Lauder also raises its fiscal 2027 outlook to adjusted earnings of $3.20–$3.45 per share and organic sales growth of 4%–5.5%. That sales forecast remains below the quarter’s 6% pace.
