Estee Lauder (EL) Q4 Earnings Top, Asia Travel Retail Sluggish
ELEstée Lauder(EL) ZACKS·2024-08-19 23:46

The Estee Lauder Companies Inc. (EL) reported fourth-quarter fiscal 2024 results, wherein the top and bottom lines increased year over year and beat the respective Zacks Consensus Estimate even amid a tough landscape. For fiscal 2025, management expects continued sluggishness in the prestige beauty segment in China, mainly due to ongoing weak consumer sentiment. In other areas of the business, the company plans to deliver improved performance across both developed and emerging markets. Quarter in Detail The ...