May 1 (Reuters) - Cosmetics maker Estee Lauder beat Wall Street estimates for third-quarter sales on Friday, driven by improving sales in China and Europe as CEO Stephane de La Faverie's turnaround plan takes hold, sending its shares up 16% premarket.
The company, which has been in talks to merge with Jean Paul Gaultier-owner Puig, posted quarterly sales of $3.71 billion, compared with analysts' estimates of $3.69 billion, according to data compiled by LSEG.
The company also revised its job cut target to a range of 9,000 to 10,000 from the previously estimated range of 5,800 to 7,000.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Anil D'Silva)
Stéphane de la Faverie is Group President at The Estée Lauder Companies, Inc.
In his past career he held the position of Senior VP, GM-Origins, Ojon & Darphin Brands at The Estée Lauder Companies, Inc., General Manager for L'Oréal USA, Inc., Area Manager-Luxury Products Group at Lancome International and Vice President-Marketing for Lancôme USA.
The Estée Lauder Companies Inc. is one of the 1st world cosmetics groups. Products are sold under brands (Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, Bobbi Brown, La Mer, Aveda, Jo Malone London, Bumble and bumble, Darphin, TOM FORD, Smashbox, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, The Ordinary and NIOD) and under brands of licenses (AERIN, BALMAIN and Dr. Andrew Weil). Net sales break down by family of products as follows:
- skin care products (48.6%);
- make-up products (29.4%);
- perfumes (17.4%);
- hair care products (3.9%);
- other (0.7%).
At the end of June 2025, products are marketed through about 1,600 outlets worldwide, distributed between large stores, perfume shops, pharmacies, beauty institutes and exclusive shops, and via Internet.
Net sales are distributed geographically as follows: Americas (30.8%), Europe/Middle East/Africa (37.5%) and Asia/Pacific (31.7%).
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