Estee Lauder posts smaller-than-expected drop in quarterly sales
ReutersMay 1, 2025 10:05 AM
May 1 (Reuters) - Cosmetics giant Estee Lauder EL.N posted a smaller-than-expected drop in third-quarter sales on Thursday, supported by resilient demand for its fragrances and haircare even as the broader makeup and beauty category underperformed.
The MAC lipstick maker's net sales fell 10% to $3.55 billion during the period. Analysts on an average estimated a fall of 10.72% to $3.52 billion, according to data compiled by LSEG.
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