Estee Lauder beats quarterly sales estimates Reuters October 30, 2025 at 5:25 PM 0 (Reuters) Estee Lauder (EL) beat Wall Street estimates for firstquarter sales on Thursday in a sign that CEO Stephane de La Faverie's turnaround push was beginning to take hold, sending its shares up about 5% in prema...
- - Estee Lauder beats quarterly sales estimates
Reuters October 30, 2025 at 5:25 PM
0
(Reuters) -Estee Lauder (EL) beat Wall Street estimates for first-quarter sales on Thursday in a sign that CEO Stephane de La Faverie's turnaround push was beginning to take hold, sending its shares up about 5% in premarket trading.
The Clinique and M.A.C owner, which had warned in August of a $100 million tariff hit, has been shifting production closer to key markets and reducing inventory and promotions to mitigate the rising costs that have crippled the broader retail industry.
Under its CEO, Estee Lauder has ramped up luxury launches, streamlined its supply chain and boosted innovation and marketing to revive sliding sales.
The company posted quarterly sales of $3.48 billion, compared with analysts' estimate of $3.38 billion, according to data compiled by LSEG.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Pooja Desai)
Source: "AOL Money"
Source: ONEEL MAG
Full Article on Source: ONEEL MAG
#LALifestyle #USCelebrities