The Estée Lauder Companies Inc. reported its financial results for the fiscal year ending June 30, 2025. The company recorded net sales of $14.326 billion, reflecting an 8% decline from the previous year's $15.608 billion. Organic net sales also decreased by 8%, from $15.609 billion to $14.351 billion. The gross profit was $10.597 billion, a reduction of 5% compared to $11.184 billion in fiscal 2024, with the gross margin improving to 74.0% from 71.7%. The company experienced an operating loss of $785 million, contrasting with an income of $970 million in the previous year, marking a significant negative swing of over 100%. The adjusted operating income was $1.146 billion, down 28% from $1.588 billion in fiscal 2024. Skin Care net sales dropped 12%, mainly due to declines in the Estée Lauder and La Mer brands, attributed to lower sales in the Asia travel retail business and strategic shifts in retailer strategies in Korea and mainland China. Looking forward, the company enters fiscal 2026 with momentum and confidence, expecting to achieve organic sales growth after three years of declines and aiming to rebuild operating profitability with a solid double-digit adjusted operating margin over the coming years.