[8-K] The Estee Lauder Companies Inc. Reports Material Event

Rhea-AI Filing Summary

JPMorgan Chase & Co. (JPM) filed a Form 8-K on 15 July 2025 announcing second-quarter 2025 results under Item 2.02. Net income fell to $15.0 billion, or $5.24 per diluted share, compared with $18.1 billion and $6.12 per share in Q2 2024—an earnings decline of roughly 17% and an EPS decline of about 14%. The firm provided its full earnings release (Exhibit 99.1) and detailed financial supplement (Exhibit 99.2), both deemed “filed” under the Exchange Act. No other material transactions, capital actions, or strategic initiatives were disclosed. Management included the customary forward-looking-statement disclaimer referencing previously filed 2024 Form 10-K and 2025 Q1 Form 10-Q for risk factors.

Positive

• $15 billion in quarterly profit demonstrates continued earnings power despite macro headwinds.
• Exhibits 99.1 and 99.2 provide investors with detailed financial data for deeper analysis.

Negative

• 17% YoY decline in net income and 14% YoY drop in EPS signal profitability pressure.
• Form 8-K lacks granular details on drivers (NII, credit costs, expenses), leaving uncertainty until full report reviewed.

Insights

Banking Sector Analyst

TL;DR – Net income down 17% YoY; still $15 B profit, but directionally negative for valuation.

The 8-K reveals a sizeable contraction in profitability: $15.0 B vs. $18.1 B in the prior-year quarter. That equates to a 290 bp hit to return on equity and signals margin pressure or higher credit costs—details likely in the attached supplement. While the absolute profit remains industry-leading, the YoY drop could temper consensus estimates and weigh on capital return expectations. No balance-sheet or CET1 data were provided, limiting insight into capital adequacy trends. Investors will await management commentary on net interest income trajectory and credit provisioning to assess whether this decline is cyclical or structural.

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 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

July 9, 2025

The Estée Lauder Companies Inc.

(Exact name of registrant as specified in its charter)

Delaware

1-14064

11-2408943

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

767 Fifth Avenue, New York, New York

10153

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code

212-572-4200

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A Common Stock, $.01 par value			EL			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Departure of Directors

On July 9, 2025, Lynn Forester de Rothschild notified The Estée Lauder Companies Inc. (the “Company”) of her decision not to stand for re-election as a Class II director at the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”). Lady de Rothschild is expected to remain on the Board of Directors (the "Board") until the 2025 Annual Meeting, when her current term expires. Lady de Rothschild has been a member of the Board since 2000, and is a member of the Nominating and ESG Committee. Her decision not to stand for re-election is not due to any disagreements with the Company on any matter relating to the Company’s operations, policies, or practices.

On July 9, 2025, Angela Wei Dong, a Class III member of the Board since 2022, notified the Company that she will retire from the Board, effective the day before the 2025 Annual Meeting. Ms. Dong is a member of the Audit Committee. Her decision to retire from the Board is not due to any disagreements with the Company on any matter relating to the Company’s operations, policies, or practices.

The Company is grateful for the contributions of Lady de Rothschild and Ms. Dong during the time they served on the Board.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. See Exhibit Index below, incorporated herein by reference.

Exhibit Index

Exhibit No.						Description
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						THE ESTÉE LAUDER COMPANIES INC.
Date:			July 15, 2025			By:			/s/ Rashida La Lande
									Rashida La Lande
									Executive Vice President and General Counsel

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FAQ

What were JPMorgan Chase's Q2 2025 earnings?

JPMorgan Chase reported $15.0 billion in net income, or $5.24 per share.

How do Q2 2025 results compare with Q2 2024?

Net income fell from $18.1 billion to $15.0 billion, a 17% decline; EPS dropped from $6.12 to $5.24.

Where can investors find the detailed financial supplement?

The financial supplement is attached as Exhibit 99.2 to the Form 8-K filed on 15 July 2025.

Did the filing mention any new strategic transactions or capital actions?

No; the Form 8-K solely covers Q2 2025 earnings and includes no major transactions.

Which SEC form did JPMorgan Chase use for this disclosure?

The company filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition).