Estee Lauder Has Mixed Results as Demand in China and North America Slumps
Estée Lauder(EL) Investopedia·2024-08-20 00:37
Key Takeaways Estee Lauder ended its fiscal 2024 with mixed results as it faced a drop in demand in China and North America while skin care product sales jumped. The beauty products maker posted a surprise quarterly loss, but adjusted earnings and revenue exceeded forecasts. Estee Lauder said CEO Fabrizio Freda will be retiring at the end of fiscal 2025. Estee Lauder (EL) shares edged higher in intraday trading Monday after the beauty products maker ended a tough fiscal 2024 by posting mostly better-than-ex ...