Estee Lauder: Macro Headwinds And Rising Tariffs Affect Growth And Profitability

In 4Q25, The Estée Lauder Companies Inc. generated $3.41 billion in revenue, representing a decline of 12% y/y and 4% q/q. Profitability continues to deteriorate. Operating and net income fell by 67% and 92%. EL's recent performance proves that its previous quarter success is not sustainable. Unfortunately, current indicators suggests that more obstacles await. Macroeconomic headwinds will continue to weigh on overall demand, affecting on the company's sales. It is unlikely that we will see demand improve anytime soon.