Estée Lauder Reports Higher Q3 Sales and Adjusts Guidance
Estée Lauder Companies reported a 5% increase in Q3 net sales to $3.71 billion and raised its full-year guidance. Despite a 19% drop in reported operating income, the company saw improved adjusted profitability and growth in key product categories like fragrance. The results were driven by strong performance in Mainland China and digital channels.
Tickers: $EL
Topics: acquisition digital growth earnings per share geopolitical risks guidance revision operating income sales growth