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• Fiscal 2026 net sales rose 5% as reported to $15.0 billion; organic net sales grew 3%.
• Adjusted operating margin expanded 320 basis points to 11.2% from 8.0%.
• Adjusted diluted EPS increased to $2.51 from $1.51 in the prior year.
• Affirmed fiscal 2027 organic net sales growth outlook of 3% to 5% and raised adjusted operating margin outlook to 12.7% to 13.5%.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Jennifer Hyman notified The Estée Lauder Companies on July 20, 2026, that she will retire from the Board of Directors, effective November 16, 2026.
• Her retirement is to focus on new endeavors and is not due to any disagreements with the Company.
• The Company expressed gratitude for her contributions during her board tenure.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• Adjusted operating margin expanded 360 basis points to 15.0% from 11.4%.
• Adjusted diluted EPS increased 40% to $0.91 from $0.65.
• Company raised fiscal 2026 outlook, expecting organic sales growth at high-end of prior range and adjusted operating margin expansion approaching 300 basis points.
• Preliminary fiscal 2027 view: net sales growth of 3% to 5% and adjusted operating margin of 12.5% to 13.0%.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The two companies would potentially merge their businesses, but no final decision has been made and no agreement has been reached.
• The company cautioned that there can be no assurances regarding the deal or its terms unless and until an agreement is signed.
• A press release dated March 23, 2026, was issued and attached as Exhibit 99.1 to the 8-K filing.
• The disclosure was made under Item 8.01 (Other Events) because it is a material event not otherwise required to be reported.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• Diluted net earnings per common share was $0.44, compared with a net loss of $(1.64) in the prior-year period; adjusted diluted EPS was $0.89, up 43% from $0.62.
• Adjusted operating margin expanded 290 basis points to 14.4% from 11.5%, while as-reported operating margin improved to 9.5% from (14.5)%.
• The company raised its fiscal 2026 full-year outlook, expecting to restore organic sales growth and expand operating margin for the first time in four years.
• Free cash flow for the six months ended December 31, 2025, was $581 million, compared with $114 million in the prior-year period.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Stockholders ratified PricewaterhouseCoopers LLP as independent auditor for fiscal year ending June 30, 2026, with 1,459,584,433 votes for.
• The advisory say-on-pay proposal passed with 1,314,884,277 votes for and 129,353,712 against.
• Stockholders approved amendments to the Restated Certificate of Incorporation to eliminate officer monetary liability (Proposal Four) and make miscellaneous changes to Articles V and VI (Proposal Five).
• The approved amendments are reflected in the Restated Certificate of Incorporation dated November 13, 2025, filed as Exhibit 3.1.

5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• The Company entered into an underwriting agreement with J.P. Morgan Securities LLC and the Selling Stockholders to sell 11,301,323 Class A shares at $89.70 per share.
• The Company received no proceeds from the sale; all proceeds went to the Selling Stockholders.
• The offering was made under a prospectus supplement dated November 4, 2025, to a Form S-3 registration statement (File No. 333-291255).
• The Class A shares issued upon conversion are exempt from registration under Section 3(a)(9) of the Securities Act.

3.02 Unregistered Sales of Equity Securities · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Adjusted operating income increased 77% to $255 million, with adjusted operating margin expanding 300 basis points to 7.3%.
• Diluted net earnings per share was $0.13, compared with a net loss of $(0.43) in the prior-year quarter; adjusted diluted EPS was $0.32 versus $0.14.
• The company reaffirmed its fiscal 2026 outlook to restore positive sales growth and improve operating profitability.
• Fragrance net sales grew 13% organically, led by Le Labo, TOM FORD, and Jo Malone London; Skin Care rose 3%, while Makeup and Hair Care declined.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits