Estée Lauder’s Turnaround Gains Steam Despite Tariff Pressures

Turnaround efforts at Estée Lauder Cos.are gaining momentum despite rising costs and concerns about consumer spending.

The cosmetics company reported quarterly profit that surpassed Wall Street’s expectations. Adjusted earnings per share were 32 cents in the company’s fiscal first quarter, outpacing the average analyst estimate. Results were particularly strong in skincare and fragrances.

Shares rose 1.8% in New York trading on Thursday. The stock had gained 30% this year through Wednesday’s close, compared to a 17% gain in the S&P 500 Index over the same period.

The company also reaffirmed its fiscal 2026 outlook, as well as its expectation ...