The Estée Lauder Companies Inc. (EL) 23rd annual dbAccess Global Consumer Conference June 2, 2026 3:15 AM EDT
Company Participants
Stephane de la Faverie – CEO, President & Director
Roberto Canevari – Executive VP & Chief Value Chain Officer
Conference Call Participants
Stephen Robert Powers – Deutsche Bank AG, Research Division
Presentation
Stephen Robert Powers
Deutsche Bank AG, Research Division
Good morning, everybody. Welcome. I am very excited to welcome the Estée Lauder Companies back to the stage here in Paris, and I’m equally excited to welcome back both President and CEO, Stephane de la Faverie; as well as Executive Vice President and Chief Value Chain Officer; Roberto Canevari. .
Behind me, for those in the room, you will see Estée Lauder’s disclosure slide. Please take heed. And for those of you who are listening in online, you will find the same disclosures on Estée Lauder’s Investor Relations website.
And with that, Stephane, Roberto, we’ll kick it off.
Stephane de la Faverie
CEO, President & Director
Looking forward to it.
Stephen Robert Powers
Deutsche Bank AG, Research Division
Okay.
Stephane de la Faverie
CEO, President & Director
Thanks for having us.
Question-and-Answer Session
Stephen Robert Powers
Deutsche Bank AG, Research Division
Good. So a year ago, when we were on this stage, we spoke a bit about portfolio optimization. And in that context, the conversation was mostly about organic optimization over time. And just to, I think, address maybe probably elephant in the room, you’ve obviously, since that time, looked at a very large acquisition of a portfolio of brands, and you’ve continued to be active in minority and majority investments and other assets, as well as hiring advisers to overall do a portfolio review.
So I guess, as we kind of reset and think about the business from here and your strategy from
