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Estée Lauder Companies news and archive


Estée Lauder posts drop in Q3 sales and profit

The Estée Lauder Companies Inc. reported net sales of 3.75 billion dollars for its third quarter ended March 31, 2023, a decline of 12 percent from the prior-year period. Organic net sales fell 8 percent, primarily driven by Asia travel retail in Hainan and Korea. The company reported net earnings of 156 million dollars compared to 558 million...