Estee Lauder Raises Annual Forecasts on Resilient Demand Ahead of Holiday Season
Estee Lauder raised its annual sales and profit forecasts on Monday, banking on resilient demand for its premium skincare and fragrance brands ahead of the holiday season as CEO Stephane de La Faverie's year-long turnaround efforts boost growth. Consumers, particularly affluent and younger groups, have continued to indulge in skincare and fragrance purchases despite economic uncertainty, strengthening sales for the Clinique and Tom Ford owner's luxury skincare and fragrances.
