Return to Growth with Strong Q1 Results
Estée Lauder achieved a 3% organic sales growth in Q1, bouncing back from a 13% decline in the previous quarter. The company also saw a 300 basis point expansion in operating margin to 7.3%.
Impressive Growth in China
Mainland China recorded double-digit growth with seven brands achieving double-digit increases, led by Le Labo with nearly triple-digit growth. The company gained share in every category.
Successful Expansion in Emerging Markets
High single-digit growth was noted in priority emerging markets, with Mexico, Turkey, and India showing double-digit growth.
Strong Online Sales Performance
Global online organic sales growth accelerated to double digits, fueled by platforms like Tmall, JD, Douyin, Notino, and new investments in TikTok Shop.
Partnership with Shopify
Estée Lauder announced a partnership with Shopify to modernize and scale its direct-to-consumer business globally, enhancing omnichannel consumer experience.