Key Takeaways EL reported 3% organic net sales growth, with sharp regional differences by geography.EL's Asia/Pacific growth came from travel retail and easy comparisons, while China demand stayed subdued.EL saw a low-single-digit sales decline in North America, pressured by store closures and inventory issues.The Estee Lauder Companies Inc.’s ((EL) first-quarter fiscal 2026 results highlight a clear regional imbalance, raising questions about whether stabilization in North America can meaningfully offset p ...