fromThe Business of Fashion
2 weeks agoEstee Lauder Forecasts Annual Results Below Estimates as Marketing Costs Increase
Estée Lauder forecast annual sales and profit slightly below estimates on Thursday, as the cosmetics maker navigates a brand reset with increased marketing spend while it navigates tariff-related pressures. Shares fell about 9 percent in premarket trading after it forecast third-quarter margins to contract 50 basis points due to stepped-up investments in product innovation and tariff pressures. The company, which is undergoing a turnaround under its CEO Stephane de La Faverie, flagged a $100 million tariff hit on
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