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The Estée Lauder Companies Inc. provided updated details regarding its Profit Recovery and Growth Plan (PRGP)…
ELEstee Lauder Companies Inc
The Estée Lauder Companies Inc. provided updated details regarding its Profit Recovery and Growth Plan (PRGP) restructuring program. As of June 30, 2026, the company expects to record cumulative restructuring and other charges of approximately $1,748 million (before tax) for initiatives approved since the program's inception. Recent approvals between May 29, 2026, and June 30, 2026, totaled $197 million, focusing on go-to-market model acceleration, digital organization transformation, and corporate function reorganization. These initiatives involve workforce reductions, asset-related costs, and office lease exits. The company expects these approved initiatives to be substantially completed by the end of fiscal 2027. The Estée Lauder Companies Inc. is a prestige beauty company that develops and markets high-end skincare, makeup, fragrance, and hair care products.