Estée Lauder Companies Says Its Turnaround Is Working — Slowly

The Estée Lauder Companies on Wednesday predicted a possible return to growth in its next fiscal year, a tentative vote of confidence in a turnaround plan meant to address a long list of problems facing the US beauty giant.

However, the forecast, for flat to 3 percent sales growth in the fiscal year ending in June 2026, came alongside another dour set of financial results. Estée Lauder Companies reported a 12 percent drop in fourth-quarter net sales compared with the same period in 2024,…