Today news
About the same in other media
Estée Lauder 2024 sales, profit forecasts miss estimates
Reading now: 460
Investing.com — Estée Lauder (NYSE:EL) has delivered annual profit and net sales forecasts that were under market expectations, in a sign that the beauty giant is facing a slower-than-anticipated recovery in its travel retail business in China.
The owner of the MAC brand said it now sees full-year 2024 sales increasing by between 5% to 7%, missing Refinitiv IBES estimates of 8.8% that were cited by Reuters.
Adjusted earnings per share were also projected to come in at $3.50 to $3.75 during the period. Analysts had called for a forecast of $4.83.
Read more on investing.comAbout this in other media
China's Honor stages India return with local manufacturing plans in early 2024 economictimes.indiatimes.com /8 months ago
Estee Lauder forecasts weak annual profit on slow recovery in Asia travel retail investing.com /9 months ago
Stocks making the biggest moves premarket: Estee Lauder, Bloomin' Brands, Palo Alto Networks and more cnbc.com /9 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
