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Estée Lauder sees further sales, profit erosion on soft travel retail business
Estée Lauder (NYSE:EL) realized its third consecutive quarter of declining sales, reflecting double digit declines across most categories and across all geographic regions. Coupled with eroding ... Read More
Estée Lauder approves 3,200 job cuts as China and duty-free sales remain weak
Estée Lauder Cos.’ stock dropped about 5% Wednesday after the maker of beauty products warned of a full-year profit miss and said it has approved 3,200 job cuts based on a previously announced ... Read More
Estee Lauder forecasts profit below estimates, warns of $100 million tariff hit
Estee Lauder said on Wednesday it would cut inventory and promotions to help mitigate rising costs, after the luxury cosmetic maker warned that a $100 million hit from tariffs would weigh on its ... Read More
Estée Lauder approves 3,200 job cuts as China and duty-free sales remain weak
Cosmetics company has approved layoffs of 3,200 staff based on a previously disclosed restructuring plan and may reduce head count by another 3,800, with expected restructuring charges of up to $1.6 ... Read More
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