ESTEE LAUDER COMPANIES INC

For the period ended Jun 30, 2025. Filed Aug 20, 2025.

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FY2025 · Filed Aug 20, 2025

EL$113.43+0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of (Loss) Earnings F-

CONSOLIDATED STATEMENTS OF (LOSS) EARNINGS

	Year Ended June 30,
(In millions, except per share data)	2025	2024	2023
Net sales	$14,326	$15,608	$15,910
Cost of sales	3,729	4,424	4,564
Gross profit	10,597	11,184	11,346
Operating expenses
Selling, general and administrative	9,456	9,621	9,575
Restructuring and other charges	481	122	55
Goodwill impairment	13	291	—
Impairment of other intangible assets	1,273	180	207
Talcum litigation settlement agreements	159	—	—
Total operating expenses	11,382	10,214	9,837
Operating (loss) income	(785)	970	1,509
Interest expense	357	378	255
Interest income and investment income, net	114	167	131
Other components of net periodic benefit cost	12	(13)	(12)
(Loss) earnings before income taxes	(1,040)	772	1,397
Provision for income taxes	93	363	387
Net (loss) earnings	(1,133)	409	1,010
Net earnings attributable to redeemable noncontrolling interest	—	(19)	(4)
Net (loss) earnings attributable to The Estée Lauder Companies Inc.	$(1,133)	$390	$1,006
Net (loss) earnings attributable to The Estée Lauder Companies Inc. per common share
Basic	$(3.15)	$1.09	$2.81
Diluted	$(3.15)	$1.08	$2.79
Weighted-average common shares outstanding
Basic	360.1	359.0	357.9
Diluted	360.1	360.8	360.9

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