The Estee Lauder Companies Inc. (NYSE:EL) reported stronger-than-expected second-quarter results on Thursday, but the EL stock fell more than 19% amid tariff threats and lower than expected guidance for full-year adjusted earnings per share (EPS) forecast.

Estee Lauder reported Q2 adjusted EPS of $0.89, beating analyst estimates of $0.83, while its revenue of $4.229 billion was also ahead of Wall Street estimates of $4.219 billion.

FY26 EPS Forecast Misses Street Expectations

Estee Lauder raised its fiscal year 2026 adjusted EPS forecast to $2.03-$2.23 per share from $1.90-$2.10. At the mid-point of the revised guidance of $2.13, it missed Wall Street expectations of $2.15.

The company expects the net sales to grow between 3 to 5%. At the mid-point of the revised guidance of 4%, it is lower than analyst expectations of 4.3%.

Tariff Threat Casts Shadow

The company said that tariff-related headwinds will continue to cast a shadow ...