Estee Lauder's overexposure to China is being mitigated, with long-term fundamentals and consumer trends showing signs of improvement. Despite short-term challenges, Estee Lauder's valuation ...
(Bloomberg) -- Estée Lauder Cos. pulled its guidance for the year, citing uncertainty over a new chief executive and weak demand in China. The shares plunged in New York trading. The New York ...
Quarterly Asia Pacific sales that includes mainland China have declined for eleven straight quarters Estee Lauder sees sustained slump in China demand, with Asia Pacific region declining for ...
Estée Lauder shares plunged 20% Thursday after it said sales sank because of softness in China and the Asia travel markets, and that it was cutting its dividend and withdrawing its full-year outlook.
The Estee Lauder Companies faces challenges due to weak consumer sentiment in China and Asia travel retail, leading to disappointing performance. As the U.S. stock market experiences a pause in ...