EL — +3.5% premarket as Q1 EPS beats by 38% and guidance rises

Estee Lauder beat fiscal Q1 estimates with adjusted EPS of $0.72 vs $0.52 expected (+38%) on sales of $3.72B, up 7%, with fragrance sales up 19%. Management raised its fiscal 2027 outlook, now expecting adjusted EPS of $3.20-$3.45 (from $3.10-$3.35) and organic sales growth of 4-5.5%.