Exhibit 99.1

THE ESTÉE LAUDER COMPANIES DELIVERS OUTSTANDING

FISCAL YEAR 2018 RESULTS

— Fourth Quarter Reported Net Sales Increased 14%; Up 12% in Constant Currency —

— Full Year Reported Net Sales Rose 16%; Up 13% in Constant Currency —

— Strong Constant Currency Growth Expected to Continue in Fiscal 2019 —

New York, NY, August 20, 2018 - The Estée Lauder Companies Inc. (NYSE: EL) today reported strong financial results for its fourth quarter and fiscal year ended June 30, 2018.  The Company reported fiscal year 2018 diluted net earnings per common share of $2.95 compared with $3.35 reported in the prior year.  Excluding restructuring and other charges and adjustments, adjusted diluted net earnings per common share increased 30% to $4.51, and in constant currency rose 24%.

Fabrizio Freda, President and Chief Executive Officer, said, “Fiscal 2018 was an outstanding year for our Company. We generated higher sales in every region and product category and gained global share. By investing in our hero franchises, fast-growing channels and digital and social media, we delivered double-digit sales and adjusted earnings per share growth. We achieved record net sales in fiscal 2018 and one of our best performances in the last decade.

“Sales climbed in virtually all our brands and we hit milestones along the way. Among the top four brands, our flagship Estée Lauder brand achieved record global sales and grew 22% in constant currency, demonstrating the amazing equity of the brand. La Mer became the fourth brand in our portfolio to contribute well over $1 billion in net sales, and we increased sales at MžAžC and Clinique globally.

“Product innovation and creativity were strong across brands and Leading Beauty Forward provided us the flexibility to invest more in digital advertising behind our initiatives, which is accelerating our sales growth.”

Freda added, “In fiscal 2019, we will continue to create products that appeal to a more diverse and growing middle class around the world and we are confident that we can continue to achieve industry-leading sales and double-digit earnings per share growth. With a successful strategy that focuses on multiple engines of growth across products, geographies, channels and demographics, we expect to once again gain share globally in fiscal 2019.”

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For the three months ended June 30, 2018, the Company reported net sales of $3.30 billion, a 14% increase compared with $2.89 billion in the prior-year period.  The Company posted net sales growth in most brands and across-the-board gains in all geographic regions and product categories.  Net sales increased in several developed and emerging markets, reflecting especially strong growth from the travel retail, online and specialty-multi channels.  Excluding the impact of currency translation, net sales increased 12%.

Net earnings for the quarter were $186 million, compared with $229 million last year, and diluted net earnings per common share was $.49, compared with $.61 reported in the prior-year period.  Adjusted diluted net earnings per common share rose 20% to $.61, and 11% in constant currency, for the three months ended June 30, 2018, excluding restructuring and other charges and adjustments, the impact of the new tax law in the United States and the effect of currency translation, as detailed in the table below.

(1) Represents GAAP.

(2) Includes charges associated with Leading Beauty Forward.

(3) Tax Cuts and Jobs Act (“TCJA”).

Amounts may not sum due to rounding.

Net sales and operating income in the Company’s product categories and regions outside the United States were favorably impacted by a weaker U.S. dollar in relation to most currencies.  The Company reported operating income for the three months ended June 30, 2018 of $277 million, a 20% increase from $230 million in the prior year.  Total operating income excluding the favorable impact of currency translation of $13 million and before charges and other adjustments, declined

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1%, largely reflecting strategic investments made in digital and social media advertising to support long-term growth in fiscal 2019 and beyond.

Skin Care

·                  Skin Care net sales increased double-digits in every geographic region.  Growth was particularly strong in Europe, the Middle East & Africa, travel retail, and China. By brand, the Estée Lauder, La Mer and Clinique brands were the largest contributors to growth.

·                  Operating income increased primarily from Estée Lauder and La Mer, reflecting higher net sales in Asia/Pacific and Europe, the Middle East & Africa, with the strongest growth in China and travel retail.

Makeup

·                  Makeup net sales increased.  Strong double-digit growth from Estée Lauder, Tom Ford, Too Faced, BECCA and La Mer were partially offset by declines from MžAžC and Clinique.

·                  Makeup operating income declined primarily due to lower operating results from MžAžC that mainly reflected investments to support its turnaround in North America, stock adjustments in the Middle East, and higher advertising in Asia/Pacific to drive net sales in the fast-growing region.

Fragrance

·                  Higher fragrance net sales reflected growth across all geographic regions.  Jo Malone London, Tom Ford and Le Labo all had strong double-digit gains.

·                  Fragrance operating results improved, reflecting higher net sales from Tom Ford, primarily in North America, as well as the Europe, the Middle East & Africa region, which benefited from strong growth in travel retail.  By Kilian also contributed to the growth.  The category performance also reflected a decline from Estée Lauder fragrances in the United States.

Hair Care

·                  Hair care net sales increased primarily due to the successful launch of new Aveda products.

·                  The increase in hair care operating income reflected the higher net sales.

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Fourth Quarter Results by Geographic Region

The Americas

·                  Net sales in The Americas increased, led by strong growth in Canada and Latin America.  Net sales in the United States increased slightly.

·                 Operating income in The Americas decreased, primarily reflecting lower operating results from MžAžC due to investments in North America to turn around its business.  The Company also strategically increased digital and social media investments across the brand portfolio.  Higher general and administrative expenses, including an increase in employee compensation and investments in information systems, also contributed to the operating income decline.

Europe, the Middle East & Africa

·                  Net sales increased, with double-digit gains in travel retail and in the Balkans and India, partially offset by stock adjustments in the Middle East as well as a decline in the United Kingdom.

·                  Operating income increased, led by strong double-digit growth in operating results in travel retail.  The higher results were partially offset by lower results in the Middle East due to stock adjustments for several brands.

Asia/Pacific

·                  Net sales increased led by strong double-digit growth in China and Hong Kong.

·                  Operating income increased due to higher results in Hong Kong, partially offset by higher advertising expense to build awareness and drive continued sales growth over the next year.

For the fiscal year, the Company achieved net sales of $13.68 billion, a 16% increase compared with $11.82 billion in the prior year.  The Company posted net sales growth in each major product category and each geographic region.  These results reflect, in part, the Company’s strategy to drive growth by targeting its investments to shifts in consumer and market dynamics across product categories, geographic regions, brands and distribution channels.  This strategy positioned the Company well for the resurgence in global prestige skin care growth as well as the strong increase in demand among Chinese consumers.

Net sales increased in several developed and emerging markets, and reflected strong growth from the travel retail, online and specialty-multi channels.  Skin care net sales benefited from increases at Estée Lauder, La Mer, Origins and Clinique.  Makeup net sales growth was driven by increases

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from Estée Lauder, Tom Ford and MžAžC, as well as both incremental and higher comparable net sales from our fiscal 2017 acquisitions of Too Faced and BECCA.  Fragrance net sales growth reflected increases from Jo Malone London, Tom Ford, Le Labo and By Kilian.  Hair care net sales increased, reflecting growth from Aveda.  Excluding the impact of currency translation, net sales increased 13%.

The Company reported operating income for the fiscal year ended June 30, 2018 of $2.05 billion, a 21% increase from the prior year of $1.69 billion.  Total operating income excluding the favorable impact of currency translation of $103 million and before charges and other adjustments, increased 15%, largely reflecting strong sales growth partially offset by investments made in digital and social media advertising to support long-term growth in fiscal 2019 and beyond.

Net earnings for the year were $1.11 billion, an 11% decline, compared with $1.25 billion last year, and diluted net earnings per common share decreased 12% to $2.95, compared with $3.35 reported in the prior year.  Adjusted diluted net earnings per common share increased 30% to $4.51, and in constant currency rose 24%, for the fiscal year ended June 30, 2018, excluding restructuring and other charges and adjustments, the impact of the new tax law in the United States and the benefit of currency translation as detailed in the table below.  The fiscal year 2018 diluted net earnings per common share also includes the tax benefit of the adoption of a new accounting pronouncement for share-based compensation, which added $.13.

(1) Represents GAAP.

(2) Includes charges associated with Leading Beauty Forward.

Amounts may not sum due to rounding.

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Cash Flows from Operating Activities

·                  For the twelve months ended June 30, 2018, net cash flows provided by operating activities were $2.57 billion, a strong increase of 43% compared with $1.80 billion in the prior year.

·                  The improvement primarily reflected higher earnings before income taxes and a net increase in cash from certain working capital components.

Outlook for Fiscal 2019 First Quarter and Full Year

Global prestige beauty is continuing to perform exceptionally well and is estimated to grow 5% to 6% during the fiscal year.  The Company expects to grow ahead of the industry.

Last quarter, the Company disclosed it was conducting a review of certain testing related to product advertising claims support.  The review is ongoing and, based on the review to date, the Company does not believe that this matter will be material.

For fiscal 2019, there are two items expected to negatively impact sales growth.  The Company has adopted the new revenue recognition accounting standard using a modified retrospective adoption method, which means fiscal year 2018 is not restated.  As fiscal 2019 is the transition year for this accounting change, the year-over-year growth rate will be reduced as a result of adopting this new standard.  The recent strengthening of the U.S. dollar is also expected to negatively impact growth.

In May 2016, the Company announced its Leading Beauty Forward initiative to build on its strengths and better leverage its cost structure.  The Company previously estimated that Leading Beauty Forward would result in related restructuring and other charges totaling between $600 million and $700 million, before taxes.  After reviewing additional potential initiatives and the progress of previously approved initiatives under Leading Beauty Forward, the Company now expects restructuring and other charges to be between $900 million and $950 million, before taxes.  The Company is also revising its previous estimate of annual net benefits of between $200 million and $300 million, before taxes.  After its full implementation, the Company now expects Leading Beauty Forward to yield annual net benefits of between $350 million and $450 million, before taxes.  These savings can be used to improve margin, mitigate risk and invest in future growth initiatives.

The Company is also mindful of risks related to social and political issues, geopolitical tensions, regulatory matters, including the imposition of tariffs, global security issues, currency volatility and economic challenges affecting consumer spending in certain countries and travel corridors.  The Company is also cautious of the decline in retail traffic, primarily related to certain brick-and-mortar stores in the United States and the United Kingdom.

First Quarter Fiscal 2019

Sales Outlook

·                  Reported net sales are forecasted to increase between 5% and 6% versus the prior-year period, including a 2% impact from currency translation and a 2% impact from the adoption of the new revenue recognition accounting standard.  Excluding these items, net sales are expected to grow between 9% and 10%.

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Earnings per share Outlook

·                  Reported diluted net earnings per share are projected to be between $1.07 and $1.12.  Excluding restructuring and other charges, diluted net earnings per share are projected to be between $1.18 and $1.22.

·                  On a constant currency basis, before charges associated with restructuring and other activities as well as the impact from the new revenue recognition accounting standard, diluted earnings per share are expected to increase between 7% and 10%.

·                  The Company expects to take charges associated with Leading Beauty Forward of approximately $50 million to $55 million, equal to $.10 to $.11 per diluted common share.

·                  The adoption of the new revenue recognition accounting standard is expected to reduce diluted net earnings per share by approximately $.07, reflecting the cumulative impact of revenue deferrals in the first half of the year that we expect to be recognized in revenue in the second half of the year.

·                  Currency exchange rates are volatile and difficult to predict.  Using the June 30th spot rate, the negative currency impact equates to about $.04 of earnings per share.

Full Year Fiscal 2019

Sales Outlook

·                  Reported net sales are forecasted to increase between 4% and 5% versus the prior-year period, which includes a 2% impact from currency translation and 1% impact from the adoption of the new revenue recognition accounting standard.  Excluding these items, net sales are forecasted to grow between 7% and 8%.  This is on the high-end of the Company’s long-term growth goal of 6% to 8% in constant currency.

Earnings per share Outlook

·                  Reported diluted net earnings per share are projected to be between $4.38 and $4.51.  Excluding restructuring and other charges, diluted net earnings per share are projected to be between $4.62 and $4.71.

·                  On a constant currency basis, before charges and adjustments as well as the impact from the new revenue recognition accounting standard, diluted earnings per share are expected to increase between 9% and 11%.  This is consistent with the Company’s long-term growth goal of double-digit earnings per share growth in constant currency.

·                  The Company expects to take charges associated with previously approved restructuring and other activities relating to Leading Beauty Forward in fiscal 2019 of approximately $100 million to $120 million, equal to $.20 to $.24 per diluted common share.

·                  The adoption of the new revenue recognition accounting standard is expected to reduce diluted net earnings per share by approximately $.10.

·                  For the full fiscal year, the Company expects the global effective tax rate to be approximately 24%, before charges associated with the restructuring and other activities.

·                  Currency exchange rates are volatile and difficult to predict.  Using the June 30th spot rate, the negative currency impact equates to about $.20 of earnings per share.

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(1) Represents GAAP.

(F) Represents forecast

(1) Represents GAAP.

(F) Represents forecast

Conference Call

The Estée Lauder Companies will host a conference call at 9:30 a.m. (ET) today, August 20, 2018 to discuss its results.  The dial-in number for the call is 888-294-4716 in the U.S. or 706-902-0101 internationally (conference ID number: 10665254).  The call will also be webcast live at http://www.elcompanies.com/investors/events-and-presentations.

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Cautionary Note Regarding Forward-Looking Statements

The forward-looking statements in this press release, including those containing words like “expect,” “plans,” “may,” “could,” “anticipate,” “estimate,” “projected,” “forecasted,” those in Mr. Freda’s remarks and those in the “Outlook for Fiscal 2019 First Quarter and Full Year” section involve risks and uncertainties.  Factors that could cause actual results to differ materially from those forward-looking statements include the following:

(1)               increased competitive activity from companies in the skin care, makeup, fragrance and hair care businesses;

(2)               the Company’s ability to develop, produce and market new products on which future operating results may depend and to successfully address challenges in the Company’s business;

(3)               consolidations, restructurings, bankruptcies and reorganizations in the retail industry causing a decrease in the number of stores that sell the Company’s products, an increase in the ownership concentration within the retail industry, ownership of retailers by the Company’s competitors or ownership of competitors by the Company’s customers that are retailers and our inability to collect receivables;

(4)               destocking and tighter working capital management by retailers;

(5)               the success, or changes in timing or scope, of new product launches and the success, or changes in the timing or the scope, of advertising, sampling and merchandising programs;

(6)               shifts in the preferences of consumers as to where and how they shop;

(7)               social, political and economic risks to the Company’s foreign or domestic manufacturing, distribution and retail operations, including changes in foreign investment and trade policies and regulations of the host countries and of the United States;

(8)               changes in the laws, regulations and policies (including the interpretations and enforcement thereof) that affect, or will affect, the Company’s business, including those relating to its products or distribution networks, changes in accounting standards, tax laws and regulations, environmental or climate change laws, regulations or accords, trade rules and customs regulations, and the outcome and expense of legal or regulatory proceedings, and any action the Company may take as a result;

(9)               foreign currency fluctuations affecting the Company’s results of operations and the value of its foreign assets, the relative prices at which the Company and its foreign competitors sell products in the same markets and the Company’s operating and manufacturing costs outside of the United States;

(10)        changes in global or local conditions, including those due to the volatility in the global credit and equity markets, natural or man-made disasters, real or perceived epidemics, or energy costs, that could affect consumer purchasing, the willingness or ability of consumers to travel and/or purchase the Company’s products while traveling, the financial strength of the Company’s customers, suppliers or other contract counterparties, the Company’s operations, the cost and availability of capital which the Company may need for new equipment, facilities or acquisitions, the returns that the Company is able to generate on its pension assets and the resulting impact on funding obligations, the cost and availability of raw materials and the assumptions underlying the Company’s critical accounting estimates;

(11)        shipment delays, commodity pricing, depletion of inventory and increased production costs resulting from disruptions of operations at any of the facilities that manufacture the Company’s products or at the Company’s distribution or inventory centers, including disruptions that may be caused by the implementation of information technology initiatives, or by restructurings;

(12)        real estate rates and availability, which may affect the Company’s ability to increase or maintain the number of retail locations at which the Company sells its products and the costs associated with the Company’s other facilities;

(13)        changes in product mix to products which are less profitable;

(14)        the Company’s ability to acquire, develop or implement new information and distribution technologies and initiatives on a timely basis and within the Company’s cost estimates and the Company’s ability to maintain continuous operations of such systems and the security of data and other information that may be stored in such systems or other systems or media;

(15)        the Company’s ability to capitalize on opportunities for improved efficiency, such as publicly-announced strategies and restructuring and cost-savings initiatives, and to integrate acquired businesses and realize value therefrom;

(16)        consequences attributable to local or international conflicts around the world, as well as from any terrorist action, retaliation and the threat of further action or retaliation;

(17)        the timing and impact of acquisitions, investments and divestitures; and

(18)        additional factors as described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2017.

The Company assumes no responsibility to update forward-looking statements made herein or otherwise.

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The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M•A•C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

ELC-F

ELC-E

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THE ESTÉE LAUDER COMPANIES INC.

CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited; In millions, except per share data and percentages)

(A) In May 2016, the Company announced a multi-year initiative (Leading Beauty Forward) to build on its strengths and better leverage its cost structure to free resources for investment to continue its growth momentum.  Leading Beauty Forward is designed to enhance the Company’s go-to-market capabilities, reinforce its leadership in global prestige beauty and continue creating sustainable value.  During fiscal 2018, including during the fiscal 2018 fourth quarter, the Company continued to approve specific initiatives under Leading Beauty Forward.  The Company plans to approve additional initiatives through fiscal 2019 and expects to complete those initiatives through fiscal 2021.  The Company previously estimated that Leading Beauty Forward would result in related restructuring and other charges totaling between $600 million and $700 million, before taxes.  After reviewing additional potential initiatives and the progress of previously approved initiatives under Leading Beauty Forward that are being implemented, we have revised our estimates for cost approvals under the program.  Inclusive of approvals from inception through June 30, 2018, we now estimate that Leading Beauty Forward may result in related restructuring and other charges totaling between $900 million and $950 million, before taxes.  Once fully implemented, Leading Beauty Forward is now expected to yield annual net benefits of between $350 million and $400 million, before taxes, of which a portion is expected to be reinvested in future growth initiatives.

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THE ESTÉE LAUDER COMPANIES INC.

(B) The Company recorded $37 million and $43 million of income within selling, general and administrative expenses for the three and twelve months ended June 30, 2018, respectively, to reflect changes in the fair value of its contingent consideration related to certain of its fiscal 2015 and 2016 acquisitions. During the three and twelve months ended June 30, 2017, the Company recorded $58 million and $57 million of income, respectively.

(C) The Company performs annual impairment tests for each of its reporting units.  In addition, the Company may perform interim impairment tests as a result of changes in circumstances and certain financial indicators.  Such tests may conclude that the carrying value of certain assets exceed their estimated fair values, resulting in the recognition of impairment charges.

During fiscal 2018, no impairment charges were recognized as a result of our annual goodwill and other intangible asset impairment testing.  During the fourth quarter of fiscal 2017, the Company recorded goodwill impairment charges related to the Editions de Parfums Frédéric Malle and RODIN olio lusso reporting units of $22 million and $6 million, respectively.  Additionally, during the fourth quarter of fiscal 2017, the Company recognized impairment charges related to the RODIN olio lusso trademark, customer relationship and persona intangible assets of $3 million.

(D) The three and twelve months ended June 30, 2018 reflects the reduction of the U.S. statutory tax rate, as well as provisional amounts for the impact of the TCJA. During the fourth quarter, the Company recorded a net $58 million charge representing adjustments to the provisional TCJA amounts it recorded in the fiscal 2018 second and third quarters.  For the year ended June 30, 2018, the TCJA related impacts totaled $450 million, equal to $1.20 per share. Certain calculations included in these amounts remain provisional and may require adjustments as anticipated guidance is issued and as additional analysis of the provisions of the TCJA is completed. Any such adjustments will be finalized within the allowable one year measurement period.

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THE ESTÉE LAUDER COMPANIES INC.

Total returns and charges associated with restructuring activities and other adjustments included in net earnings for the three months and year ended June 30, 2018 and 2017 were: