The company anticipates restructuring and other charges of between $1.2bn and $1.6bn as it overhauls the business.

Estée Lauder reported another quarter of weak sales and declining margins as its China and travel businesses struggle. Read why EL stock is unattractive.

Estee Lauder said it's expanding its restructuring plan to include job cuts anywhere from 5,800 to 7,000 by fiscal 2026 as the global beauty company tries to boost sales and profits.